The constant question on "if I earn so-and-so money and have this-and-that fixed expenses so do I qualify to buy a house" is getting on my nerve too...

Thus seldom see me posting in these topic anymore as I've given piece of my mind so many times.

Regarding property price droppings is like shopping for hand phones maybe not that drastic but similar concept. It doesn't matter because first, it's affordability and 2nd - is it worth it. It's a simple concept but ppl just like to complicate things. Also, have mentioned countless times...it also differed when the said property is meant for own stay and investment. If it's for own stay....f@rk price drop as it shouldn't be seen as investment which I still personally think that it should be liability.

Price increase because of demand and also material cost.
But that doesn't meant that price wouldn't drop either.
Thus in the sense of market demand is less and supply is more, than there would be obvious drop in price.

But like I mentioned, it's all about one's affordability and not a forecast on when the price is going to drop.

This is what we term as speculation.
Also price increase in property is because of higher material cost in this sense so they forecast a 30% hike in price.
But like you mentioned, it would take a drop in demand, a slow down in economy, a hike in interest rate, a recession, a wrong rumour/hearsay to bring the developer down from Millions to nothing.

Trust me, if you've compared and hiring/interviewing oversea grads and local grads long enough; you'll come to Dreamer's generalisation.
Anyway, it's OT.

errr..this discounts are always there no?!....

After reading 15 so pages here and you're asking for fresh opinion?!

What you should do now is to list down your doubts in order for others to help you.
The question you've asked had been discussed many times and everyone has their own opinion. You'll just have to do your own homework and make your own decision. That's how it works here.