How do I translate HDB price go down by 10%?

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maychitkhaing
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How do I translate HDB price go down by 10%?

Post by maychitkhaing » Mon, 20 Apr 2009 2:13 pm

Experts are predicting that HDB prices will go down by 10% by end of this year.


How can I translate it.

I mean, will this 10% equally apply to all flat types and all locations.

How will it affect 4 room flats in popular locations.

How will it affect rooms in non-popular locations.

If I look for 4 room with around 350K, does it worth to wait?

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ksl
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Re: How do I translate HDB price go down by 10%?

Post by ksl » Mon, 20 Apr 2009 10:04 pm

maychitkhaing wrote:Experts are predicting that HDB prices will go down by 10% by end of this year.


How can I translate it.

I mean, will this 10% equally apply to all flat types and all locations.

How will it affect 4 room flats in popular locations.

How will it affect rooms in non-popular locations.

If I look for 4 room with around 350K, does it worth to wait?
Do you believe in experts :roll: I last heard that Singapore wouldn't be effected a great deal by the world economy, and that it was well placed, to ride out the storm :) You can probably find a 4 room for that price now, if you place an advert in the local newspaper, I'm sure their are some in Singapore that have been hit very hard, in the downturn and are wishing to meet you :wink: Cash is king just now!

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Post by durain » Mon, 20 Apr 2009 10:29 pm

i am an expert, and i am predicting it to go down by 50%. so please wait till whenever. spend all your money now and enjoy life.

maychitkhaing
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My real question....

Post by maychitkhaing » Tue, 21 Apr 2009 10:37 am

Well my real question is

"will this 10% equally apply to all flat types and all locations."

How will it affect 4 room flats in popular locations.
How will it affect rooms in non-popular locations.

If I am looking for a 5-room or exec, the price may go down by 10%.
But if I am looking for 4-room or lower, the price may not go down much.

Can I conclude that way?

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Strong Eagle
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Re: My real question....

Post by Strong Eagle » Tue, 21 Apr 2009 11:09 am

maychitkhaing wrote:Well my real question is

"will this 10% equally apply to all flat types and all locations."

How will it affect 4 room flats in popular locations.
How will it affect rooms in non-popular locations.

If I am looking for a 5-room or exec, the price may go down by 10%.
But if I am looking for 4-room or lower, the price may not go down much.

Can I conclude that way?
Look, you missed the point of the previous posters. The 'experts' are just guessing. From an article I read, property values have declined 18 percent in the central area to about 9 percent in the outlying areas. This is an average.

The only way you know for sure is to start looking. No doubt there will be lots of owners trying to get a high price. Walk away. Negotiate.

I personally think (another 'expert') that prices will begin to bottom at the end of this year... at what percentage I don't know. It may even be into next year depending upon how bad the economy is.

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Post by maychitkhaing » Tue, 21 Apr 2009 12:20 pm

Thanks I know experts are only guessing and nobody know exactly.

But, is your figures 18% and 9% about HDB or private condo?

While price index only decrease -0.6% only in First Quarter, how can price go down by 18% and 9%?

Do you have reference to the article? Please share the link if you have.

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Post by Strong Eagle » Tue, 21 Apr 2009 1:00 pm

The article I saw was in the Happy Times a couple of weeks ago... cannot post link here. But, try these:

http://www.ura.gov.sg/real_estate/main.jsp

http://realestate.classifieds1000.com/Singapore

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Post by durain » Tue, 21 Apr 2009 5:50 pm

that's the problem with "experts". if experts know what they are talking about or know what they are doing, we wont be having the economy meltdown now. do you still trust "experts"?

there's no right or wrong way of buying now or later coz no one knows what's the outcome will be. it is like gambling, you either win or you lose. what if the experts said it will go down by 10% by end of the year and then it went up instead?

so the morale of the story is, only you can decide when is a good time to buy at a price you are confortable with. if you managed to buy at the bottom of the curve, then that is brilliant, but getting that bottom curve is the holly grail everyone is looking for.

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