kopar at newton showflat

HOW MUCH MORE WILL THE MARKET FALL

Well, in all honesty, nobody knows. What we can do however, is make an educated guess on this. First of all, it is highly unlikely that prices will go back to pre 2008 levels. One rule to always remember, is that the market is ALWAYS RIGHT. The market is determined by thousands upon thousands of transactions. This means that we as a collective has determined that this is the correct price. If it wasn't, then we would not be buying and as such, we do not think that prices at 2008 levels would be possible. These past 7 years in my opinion was the market correcting itself to the correct price. Of course, this is due in part to increased supply and limited demand but we'll cover that later.

In our opinion, prices will kopar at newton showflat most probably come down by at most another 5% to 8%. The Singapore property market is invariably linked to HDB and its many policies. Among which, is the HDB interest rate which is fixed at 2.6% or 0.1% above the CPF rate. One of the reasons of the downtrend today is the rising interest rates. This has caused players that have overleveraged/overborrowed to sell their properties below market rates for a quick sale.