From wuhan experiment, 2 weeks lockdown is unlikely to eradicate covid19 in this country. lockdown may be extended or reimpose again. economic uncertainty could linger longer than most expected.
if demand is persistent and strong, property overhang should not exist. however, overhang is widening. until overhang is reduced substantially, price remain suppressed.
loan repayment is a reoccurring commitment, one that not supposed to be late or miss. due to economic uncertainty and almost certain economic recession, some if not many borrowers will fall behind mortgage payment and pressured to offload. hence, price is more likely to track down in next few years.
you could track transacted price from brickz.my instead of listening to vendors and s.a. if demand is strong, number of transaction in a fixed period will be high and price is on uptrend.
if you are not in hurry; suggest you to be patient and call up more vendors, almost certain you could buy cheaper than what you saw recently.
That's a good advise. Thanks! Actually I already being contacted by couple agents.
Really put a damper on things when the price is dropping below launching price.
If only Ekovest hasn't paying so fat of LAD ...