Some people said;
- land is no longer made. price will rise indefinitely.
- property is about location, location, location. premier area price will never drop.
- high end property price will never drop.
But in reality;
Home prices on Sentosa have fallen about 40 percent since 2012, compared with a 28 percent drop in 2008, Cheong said.
Prices of some condominiums slumped as much as 45 percent from 2007, when they were first sold, at auctions earlier this year by banks that repossessed them, according to Maybank Kim Eng.
A bungalow on 11,280 square feet of land on Treasure Island in Sentosa Cove was sold for 53 percent below the peak this year, while a 7,341-square-foot property on Paradise Island was priced 39 percent below the record S$3,214 per square foot, URA data showed.
Apartment prices on Sentosa have dropped about 43 percent from two years ago, data compiled by real estate research firm StreetSine Pte showed. Two units at Turquoise, a high-end condominium on the south side of the island, changed hands at 45 percent discounts to their initial prices in the second quarter, as banks sold them off in auctions, Maybank Kim Eng said.
http://www.bloomberg.com/news/2014-11-05/b...erty-curbs.htmlOpportunity to pick up some dead chicken in sentosa? anyone?
No need so far away our bukit beruntung can be qualify as example of price drop as much as xx%.. But it is just small dot of kv property..