banks also has sales target especially collection department... non prompt payments will reduce their collection target..

remember the property is being speculated... cars are not...

by foreclosing the property inflated ones... banks are actually pulling the property market down .ie correcting if defaulters many...

now, banks want money, once auction you will see many takers around be it runner, agents, buyers and etc.. the price auction price is affordable..

remember property price today is because ppl cant afford not because they cant buy..

with new buyers from foreclosed property... price are lower and most time reflective of the property at that point of time.. and banks loans are more often that not hit 90%..

good point to note government can force banks to do so if they are serious in correction..

Mb a few issue need to be address before jumping into those conclusion:
a) what can 38 k or even 50k buy?
b) does subsales market offer such cheap prop?
c) does it worth the value flipped prop
d) does bank give due valuation of 90% especially newly vp prop.

dont you tink this is high entry too.. 750k palm walk 3 cant get 90% loan but 80% loan..

meaning 20% DP= 150k? Or less? What can 38 k or 50kbuy? Not even 10% I presume..

Mb can ask bank officer and agents about dis..

I agree with UFO .. private treaty are most been selling.. but transacted price via this surely a slashed ... furthermo4e.. cant hide when S&P time.. ppl check vendor ccris.. ctos b4 releasing loan and etc.. dun get urself in trouble..

with nearing auction proceedings must have been commenced.. ccris sure all koyak will raise suspicion.. bank can abort the loan even offer letter was given..it provided in loan agreement..

Waiting here also. To buy one more prop.

But not because not enough money.

Because not wanting to pay for overvalue prop.

This is my opinion and choice. Nobody has to agree or follow. Dun shoot me.

For me, I park under my flexi current account to save interest n can withdraw immediately when need the bullets...

If u oredy dun have any loan. Then how?.   

No no no,
I saying no loan but got bullet now. So, where park the bullet ?

I m lumping all BBB groups together and address lahh..so it a case of false alarm.. less profit..

actually since you ask ur agent in d lowest transacted price.. and no such record.. surely your agents know of d highest price around agents selling point or average price transacted.. this should be got record gua..

there are list transacted 560k.. 580k lowest spec..those should be the average ones...

now we have 490k and  535k..transacted post 5 months vp.. oh we are now profit less and not drop..

just wondering.. Gs spirit and jolokia posted b4 and even myself with new article confirming d same that CHINA AND SINGAPORE drop 30% and 7% respectively.. I m wondering what kind of drop is it?

a) drop from asking price as we discussed?
b) tigers version of drop from purchase price?

my guess is a... what you said.. readers are waiting for your replies... or the newspaper is wrong should not write DROP but LESS PROFIT  instead..

we now basically have ur answer... advice ur mates to step away from drop from purchase price.. that is negative and dangerous..DDD dun behave like dis

really ... if I were to say sth like dat already goreng..  outnumber issue spotted..selective comments too.. kochin leh? Zuiko leh? Important man MINOLTA?..

readers you evaluate drop or less profit? When there is staggering transacted price 560k.. 580k.. minolta even confirm no units below 560k.

The crucial question is...

" is it PRICE DROP or LESS PROFIT"
China ans singapore is price drop or less profit?

No one denies he is profiting .. no need jump.. [COLOR=red]but look at owner 97k still dun want let go..[COLOR=red]

greedy perhaps? Or no buyers like the rest 180 units because of run down shops down there?

as tigerr and man u said.. 97 k a lot wor take long time to save too..  pointing the gun to wrong person.. the selker upon profiting 97k feels not enough.. he wants to whack 200k..

greedy?

Other than ghost towns, the rest of cina stil healthy. Maybe I'm wrong.

bank values upto 550k according to agents..

i never say i am unhappy or has personal vendetta against owners of GT.. this is naive.. ppl wont sell you their prop just because you are unhappy..

i think is fair for you to judge what are DDD means... drop (we have new term less profit) from asking price and not drop from purchasing price..

maybe he type too fast..

750k was just an example..

Only if bnm economists are smarter and better than fed.

When do think bubble will burst ??

I m not hoping for the said  kind of drop tigerr meant..

drop from asking / transacted price is the better way of gauging the price..

so few% drop has started in few units in green terraine only? I m hoping such correction will occur ..

this could be a start..better than calling less profit right? That aimint dude looks lost when he blurted his petty 700k example..

tigerr on the other hand believe DDD wants to drop below purchase price.. too much too ask thou..

i personally think by those time, effect of GST would have blend in..

well , correct lor.. lesser profit... but longer the owners hold, profit getting lesser and lesser with no tenant... it will break even eventually or minimal profit with risk of not able to sell off..

prop getting old, as i recommended GT vs Emerald residence example.. there is a limit to the price to GT.. after certain increase it turtle just to cover loan.. too high of tutling up will make you far and farer away from bank valuation, thus losing it attractiveness and old features and competative market surrounding with 1400 at least number of units coming excluding GT..

For him current unit he move in di..  another 1 units purpose dunno.. if for investment.. good luck to him.. sufficient lectures already given..

so is the market now relying on these demand?

This thread Sien edi.

have you seen amaya kah? he is like missing together with his service apartments...