Mar 5 2011, 10:00 PM
QUOTE(property101 @ Mar 5 2011, 09:05 AM)
when there are so many people are waiting for the property price to drop (and then buy), i wonder if it really does drop, how low can it go..
Added on March 5, 2011, 9:17 am
agree, when a condo priced at 500psf, built up 1000sf, selling at 500k, people (used to) say it is crazy to buy condo at 500k
right now, there are more developers are launching studio / soho, priced at 500psf but build up is 400-500sf, still selling like hot cakes, one unit for less than 250k, still affordable
ltv 70% i feel there is only very very mild effect, it is not that gov is stupid, gov just dont want to over kill the market with single strike
those who purchase property ended up as bankruptcy.Added on March 5, 2011, 9:17 am
agree, when a condo priced at 500psf, built up 1000sf, selling at 500k, people (used to) say it is crazy to buy condo at 500k
right now, there are more developers are launching studio / soho, priced at 500psf but build up is 400-500sf, still selling like hot cakes, one unit for less than 250k, still affordable
ltv 70% i feel there is only very very mild effect, it is not that gov is stupid, gov just dont want to over kill the market with single strike
paying installment more than earning.
Is is like a bomb waiting to explode.
Just go to AKPK and u know what i am talking about.
when ppl buy , they just dont think.
Quote
0.0137sec
0.29
7 queries
GZIP Disabled