QUOTE(Rooney1985 @ May 31 2013, 04:12 PM)
I wouldn't ask who would gain but rather who would lose the most. My feel, its gonna be the financially weak and greedy property flippers who entered late and are still in the market... current conditions look like a stalemate in asking prices and available funds/ affordability of the market.... If the downturn follows... well... good luck.
Those who bought for own stay and what they can comfortably afford have nothing to fear in the downturn.
Those who bought for own stay on a stretched budget may have to cut back on consumption in situations where job losses arises in the downturn.
Those with ready funds can go on mega sale shopping spree at the expense of the first category (the biggest losers).
Agents will probably be out of jobs as well cos, in downturn everything goes... Its exactly like a situation of mega sale, everything is just on the shelf and its for sale. You don't need sales people to help you out or explain. They're so desperate to sell and recuperate funds that they're not going to share the consideration with agents.
Anyone working in developer companies may face retrenchment. Even those in related industries (as per the earlier article on furniture). Those holding developer stocks may also suffer if developer's books are not healthy...
Sooo... before up camp ask questions (which they always love to)... which category you fall into? (Already have a feeling some up camp gonna ask, so what category you're in?)... But isn't it already obvious?

lol. i am asking who stand to make the most because am trying to see whether there's any opportunity for myself to benefit from a property downturn.
am not really bothered by who loses the most as it wouldn't benefit me in anyway.
as to which category i belong to, i was classified by someone as a DDD camper.
but i would like to term myself as a property enthusiast. it doesn't really bother me so much whether property prices goes north or south or sideways.
i believe some are ridiculously overpriced.
and i can't fathom why some props are not moving north as it should commands.
but in hindsight, i do hope for higher property prices on overall because i dislike the fact that we are cheaper than most of our neighbouring countries. it belittles our purchasing power and our option to migrate (eg a kiasuland fella can buy our props but not necessary vice versa).