Property Market Crash

[Jedi]

I have read from various forums and social media platforms that some people are praying / wishing that the property market in Singapore will crash.

Do you believe that such phenomenon will occur?

Yes, prices have come down but a crash is unlikely even when global interest rate hiked in my opinion.

 

[diver-hloc]

Many people wish many things... change of govt, property market crashes... and mostly, kena TOTO/4D....

Will it happen, maybe... but better still, could those 'Internet Expert' provide us with a date WHEN will it happen instead of just saying it might...

Much like 'The End Of Time', '2nd Coming Of Christ', 'The Apocalypse'... etc, which some has said 'Its Coming Soon'... and yet have not happen for hundreds of years... :think:

 

[brapodam]

Many people wish many things... change of govt, property market crashes... and mostly, kena TOTO/4D....

Will it happen, maybe... but better still, could those 'Internet Expert' provide us with a date WHEN will it happen instead of just saying it might...

Much like 'The End Of Time', '2nd Coming Of Christ', 'The Apocalypse'... etc, which some has said 'Its Coming Soon'... and yet have not happen for hundreds of years... :think:

Just like the Fed interest rate hike also :bsmilie:

 

[pinholecam]

Gov turns the immigration tap on and off as it pleases.
So I doubt it will happen easily.

 

[donut88]

I have read from various forums and social media platforms that some people are praying / wishing that the property market in Singapore will crash.

Do you believe that such phenomenon will occur?

Yes, prices have come down but a crash is unlikely even when global interest rate hiked in my opinion.

Those ppl are either just spreading fear or doing it for own interests.

They could be property agents, potential investor or buyers who wish for price crash so that they can have cherry picking. Agents will have more biz. All doing for self interests.

Always rem that ppl always have own agenda for doing or saying things.

I also heard of foreign countries watching Singapore after LKY era. They are secretly wishing that SG will fail without LKY. Our failure will mean better for them.

 

[petetherock]

Sometimes people hope for a crash, and end up losing their jobs and becoming part of the crisis. Be content, enjoy what we have.

 

[Dfive]

I have read from various forums and social media platforms that some people are praying / wishing that the property market in Singapore will crash.

Do you believe that such phenomenon will occur?

Yes, prices have come down but a crash is unlikely even when global interest rate hiked in my opinion.

Hoping it falls about 20%... so over-inflated false market full of suckers buying.... lol :smilie: :bsmilie:

 

[baletan90]

Property prices may come down 10%30%, but I highly doubt a full blown market crash. In any case, the government is able to stop it.

 

[Sion]

Many people wish many things... change of govt, property market crashes... and mostly, kena TOTO/4D....

Singapore will be invaded by this before 2050s when the alien forces are ready for a final galaxy attack.

 

[loath]

I have read from various forums and social media platforms that some people are praying / wishing that the property market in Singapore will crash.

Do you believe that such phenomenon will occur?

Yes, prices have come down but a crash is unlikely even when global interest rate hiked in my opinion.

it will come down but a crash is unlikely.one main reason is probably we are land scarce.population is will always growing but land size remains the same.unless our size is comparable to Indonesia or Vietnam,it will never happen.

 

[albertri]

Singapore will be invaded by this before 2050s when the alien forces are ready for a final galaxy attack.

meeeow ^_^

 

[Dfive]

Property prices may come down 10%30%, but I highly doubt a full blown market crash. In any case, the government is able to stop it.

Like governments stopped the GFC ?

 

[Dfive]

it will come down but a crash is unlikely.one main reason is probably we are land scarce.population is will always growing but land size remains the same.unless our size is comparable to Indonesia or Vietnam,it will never happen.

Not that land scarce at all.... its just been retained by the Government for their OWN buildings / infrastructure etc... drive around you will see lots actually.

 

[yqt]

The Gov will not let anything drastic to happen to the market this or next year because, this year is SG50 and this year end or next year likely to be election, if crash that they also crash :bsmilie:

 

[UncleFai]

What crash? Still got agents laughing all the way to the banks...

http://www.straitstimes.com/news/si...-nets-26-year-old-property-agent-15m-20150529

 

[albertri]

What crash? Still got agents laughing all the way to the banks... http://www.straitstimes.com/news/singapore/more-singapore-stories/story/record-deal-nets-26-year-old-property-agent-15m-20150529

I know a couple both are full time agent and they both own a car. I am now thinking i think i choose a wrong career -_-

 

[Bukitimah]

There will always be a new peak and you will never know when is the lowest. There are many factors that will affect property prices. Among those, I would consider the general economy. If you can't even find a job and where is the next meal, what property are your talking about?

The rich will always benefit in this game simply because they have 'holding power'. If you are not into investment but looking for a roof over your head, anytime is a good time as long as it is within your means. When property prices keep shooting up, it is no good to the people, especially the next generations. They will be slave to this artificial economy.

 

[albertri]

1st I would like to apologized for the statement I will be making some of us will dis agree I'm sure...

I think we did this issue ourselves specially those who did it already or have done it. What most of us did to the property market was all due to greed as human we are greedy by nature. What did some if not most did? they buy and sell property they treat property like stocks.

I most other country people buying property or house for family and for future... in Singapore sadly we treat property like stocks we buy them and sell them some of us here would stay in one area for only few years then move again. In your life time how many times you have move house in Singapore? and ask your counter part in the US/ Australia/NZ etc the same question

So when property market price drops its due some or most of us its got to do with greed....

Once again I do apologize for the statement I am too a home owner who just few years back bought a property during high time so I know how it feels to bite the bullet.

 

[donut88]

1st I would like to apologized for the statement I will be making some of us will dis agree I'm sure...

I think we did this issue ourselves specially those who did it already or have done it. What most of us did to the property market was all due to greed as human we are greedy by nature. What did some if not most did? they buy and sell property they treat property like stocks.

I most other country people buying property or house for family and for future... in Singapore sadly we treat property like stocks we buy them and sell them some of us here would stay in one area for only few years then move again. In your life time how many times you have move house in Singapore? and ask your counter part in the US/ Australia/NZ etc the same question

So when property market price drops its due some or most of us its got to do with greed....

Once again I do apologize for the statement I am too a home owner who just few years back bought a property during high time so I know how it feels to bite the bullet.

We, as SG, is a victim of our own success.

We become so successful, that at the same time, are caught in this cycle of rising prices and materialism.

Blame no one except ourselves

 

[Bukitimah]

We, as SG, is a victim of our own success.

We become so successful, that at the same time, are caught in this cycle of rising prices and materialism.

Blame no one except ourselves

I magi e home is just $100k and your children have no problem buying to live in. You didn't pay millions thus your saving goes to other investment and quality of life spending with your family when they were young.

Another scenario, you laid $1 m and work the **** out of your life hopping one day you sell it at $3M to retire a good life. Your children now need $10m and you help to contribute your $3M. They are still in debt and you don't have $ to retire. Both you and your children still get to live in the same house whether they are $100k or $3M!