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Thread: is it a buyer's market for properties now?

  1. #1

    Question is it a buyer's market for properties now?

    judging from the media, sales going down.. buyers hold their money..
    is it possible to find out real time transcation prices than the 2 month delayed version on URA website? or any erbsite carry information on prices with shorter delays?

  2. #2
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    Default Re: is it a buyer's market for properties now?

    try hdb website.
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  3. #3

    Default Re: is it a buyer's market for properties now?

    official statistics? it would be months later. personally i saw a few houses that is valuated in August and is still unsold. one of the owner has even repainted the house to boost the chances of getting high COV if transaction is deal. I was laughing oll the way ( i was shown the same unit 2 months later...)

    previous COV value, those agent will tell you that minimum is 30K. to be sure, we need to offer 40K.. i thought what the hell is happening to this country. all opportunist are so damn greedy. PPL speak that kind of moneyt like paying for a can of Coke. wonder how could afford 40K with 5% cash of the unit valuation upfront.

  4. #4
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    Default Re: is it a buyer's market for properties now?

    wonder if this is possible......

    Developer X works with Buyer A and Seller B to put up a fake show

    Buyer A gets money from developer X and pays $100K COV or pays >$1M for house

    Then after sale Seller B pays back part of the "show" money back to developer X

    Developers X, Y & Z then say...hey...now surely our condos and landed houses are worth more than that...now the price is at least $2M for each condo ...and our landed house price is now >$10M ...take it or leave it.

    a short while later....repeat the same fake show....and push prices up to new higher level.....

    developers X, Y and Z laugh all the way to the bank....

  5. #5

    Default Re: is it a buyer's market for properties now?

    it could be, my dear ricohflex.. it all about acting and putting up a good show.

  6. #6

    Default Re: is it a buyer's market for properties now?

    Quote Originally Posted by dRebelXT View Post
    judging from the media, sales going down.. buyers hold their money..
    is it possible to find out real time transcation prices than the 2 month delayed version on URA website? or any erbsite carry information on prices with shorter delays?
    for real time transaction, you have to be actively looking out in the market.. ie on the ground

  7. #7

    Default Re: is it a buyer's market for properties now?

    Quote Originally Posted by ricohflex View Post
    wonder if this is possible......

    Developer X works with Buyer A and Seller B to put up a fake show

    Buyer A gets money from developer X and pays $100K COV or pays >$1M for house

    Then after sale Seller B pays back part of the "show" money back to developer X

    Developers X, Y & Z then say...hey...now surely our condos and landed houses are worth more than that...now the price is at least $2M for each condo ...and our landed house price is now >$10M ...take it or leave it.

    a short while later....repeat the same fake show....and push prices up to new higher level.....

    developers X, Y and Z laugh all the way to the bank....
    yes.. china allows this.. news report that..

    Quote Originally Posted by dreaming View Post
    for real time transaction, you have to be actively looking out in the market.. ie on the ground
    yes i saw one ad, price revised down within a week..

    Quote Originally Posted by dreaming View Post
    it could be, my dear ricohflex.. it all about acting and putting up a good show.
    yes.. the consumer confidence thingy is all about that.. the obamas.. the feds.. the scholars.. all post good shows.. through 2008 untill today..

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