QUOTE(jolokia @ Nov 1 2014, 06:57 PM)
For own stays just go ahead buy, when you need a house you just had to get one.
As for investment buy those with potential & easy let go/rent ou in future.
For speculators eventually market will reach an equilibrium that there are other better return gambling, eg. Share was replaced by gold then gold replaced by properties, soon there will be another investment people would move their target.
Since most or shall I says almost all the property are Chinese game, us Chinese had this what you call copy cat syndrome, when a group of people earn money from a investment soon rhe the whole society jump into the same pool & blood battles, then when the investment no longer attractive, whole bunch of them leaving it.
These can been seen like when some people open Karaoke every corner you see karaoke, when some people open bubble tea whole bunch jump into opening bubble tea.
Question is how long will this Property craze last, if you ask me is indeed oversupply if base on local demand, the thing is govt keep on allowing foreigner to stays here in long term,
maybe these will last another a decades or till Middle East back to peace.Bear2 is category 1 but he keep on thinking he is in category 3, he live in his fantasy future, I would says he is results from our National education policy, he is a Chinese with non Chinese mentality but lived in Chinese society. .
since a one decade has been fixed, it seems buying now and dispose it after 5 years is very good option, wonder why the transaction do goes down? well price goes up and transaction low already been known of the factor.
the BBB themselves even hear positive news like hot sale here and there, also know those are not going to work, in short, even BBB now are hesitating..
say an example, if you ask GT owner, how their flip properties are doing, they will say good, coz there are rooms for drop and price slash which result with lower profit margin but still profit ... if you ask Midfields 2 buyers, which I just meet one, he say Midfields 2 will go will go up 700k to 800k... if you ask the same Midfields 2 to GT buyer, they will give you an honest answer as to how confident the market is.
think of this way, not only GT dudes hold so long, 1 year, and still less than 80% occupants, think of Midfields 2..