Feb 2 2010, 12:53 PM
QUOTE(vdfoo @ Feb 2 2010, 09:39 AM)
some people claimed that the price of property is reaching it's peak. there are numerous of projects has been launched in the past few months, and few more projects are coming up. so by 2012/2013, there would be a lot of new property. do u foresee the the supply out number demand? even if it doesnt, hmm...i guess it would be a tough war for flippers? and for people who want rental income, tenants would have a wider choice to choose from compare to "usual time". would it be a little bit more difficult to rent out a property comparing to the "usual time"?
well, i'm wondering is it a good time to buy now?
In general, my thoughts :well, i'm wondering is it a good time to buy now?
1. Price is getting more expensive, but still has some legs for further appreciation.
2. 2012/2013 will be a challenging year for property market, while there might be a price dip, but I feel prices will not be lower than today's price levels, and dont think price will drop below dev's price.
3. Demand > supply is a possibility but its a highly generic assumption. Stick to the fundamentals, then you'll be fine.
4. Not gonna be diff to rent out a prop as long as owners r being realistic..........think the main issue here is whether one can rent it out at a profit?
Make your own conclusion and act accordingly?
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