QUOTE(eltaria @ Jun 11 2013, 06:21 PM)
Buyers are waiting now too, no? See who buckle first, personally, I see supply > demand at the moment, Condo's everywhere... even existing condos are at 70-80% occupancy and there's still a new newly completed units coming up...
Interesting discussion, although some off topic, I'll say the next 1 year will decide how things go... need to see how well the new units are absorbed in the 1-2 years time.... the pre 2010 owners wont have problem holding out for higher price since their entry is low. It's what happens with the new entrance that may or may not start a snowball effect. All it takes is just a small ball to roll down the hill to trigger the rest.
Just chirping in my 2cents, not really a regular... outsider's view.
If I may add,(as another outsider to this forum Interesting discussion, although some off topic, I'll say the next 1 year will decide how things go... need to see how well the new units are absorbed in the 1-2 years time.... the pre 2010 owners wont have problem holding out for higher price since their entry is low. It's what happens with the new entrance that may or may not start a snowball effect. All it takes is just a small ball to roll down the hill to trigger the rest.
Just chirping in my 2cents, not really a regular... outsider's view.
I think certain condos can go up like on monthly basis..recently i remembered g residence..within few months already 100k increase for 1168sq ft. From my hunts i realise now a lot of joint husband and wives buying...even at such high prices 600-700 k above ...but after this group buyer capability truly depleted?
Jun 11 2013, 06:41 PM

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