Wow, only 15% sold? Finally emotional buying starts to settle.
Actually even the 1st phase pricing is too high already in my opinion. 2nd phase sales response really made me drop glasses.
Last 2 years property is definitely in a euphoria state. Gurus seminars popping up like mushrooms. Coffee shop talk is all about frying properties. As long as can get loan approve, just buy buy buy. Almost all property launch also kena sapu clean clean.
Now that the buying starts to slowdown. People stop buying new launch, here are the questions to answer for us to predict whether a crash is coming.
1. Last 2 years, how many percent of people who went to ballots are buying for own stay?
2. If there are not for own stay, can they sell in profit after VP? Developer can no longer sell in their new launch.
3. If they can't, is there a market for rental? Can they get at least a 3% rental yield if interest rate stays the same? If interest rate continues to go up, then rental yield needs to be higher.
4. If they can't rent, can they pay the bank installment and hold?
5. If they can, will the economy continues to be good? Last 2 global recession was in 1997 and 2008, is the next one around the corner?
Cyperus Serviced Residences, Tropicana Garden Phase 4
Nov 2 2014, 09:41 AM
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