Hi Everyone:
This piece of news should be quite good for people who are eyeing to buy property this year. And A big thank you to all frequent visitors to the site and who are perpetually emailing me.
In line with what was said earlier, prices haven't touched base and hence we should expect to see more movements. And this is what other experts have said:
"CB Richard Ellis predicts that private home prices will fall up to 15% this year, with the falls in some prime projects more severely by between 30% and 35% in Districts 9 and 10, while Marina Bay and Sentosa Cove by between 10% and 13%.
The URA's website showed home prices at Ardmore Park declining around 30% from an average of almost $3,000 psf in February to March to around $2,115 psf in December. The URA recently revealed that about 10,450 unfinished homes were sold under the now defunct deferred payment scheme (DPS), raising genuine concerns that such homes are at risk of default or distressed sales if the economy does not recover sooner. "
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