Nobody can 100% sure price will go down soon, but I have bad feeling our economy will doom. If you have enough saving to cover, it doesn't matter property price will goes down or not. At the long run (10-20 years), property price should goes up especially freehold landed.

If 1st time buyers have enough backup (at least 6 months continuous no income)... they can buy anytime... don't wait until bank to rescue... hahahaha

http://thestar.com.my/news/story.asp?file=...4016&sec=nation

Just example. Now a lot ppls suffering to service car loan, then how about housing loan? 2-3 times more required per month compare to car loan. From this thread some believe property price going to drop (included me), some believe prime location will stagnant or increase, some believe KEEP INCREASING due to raw material. As I said, if 1st time buyer have enough backup money, just go ahead for their dream house. 1st house... normally is use for own stay, not investment.

Just my 2 cents.

Agreed, but same mindset also applied to bank loan, they stretched to 33% of income... some even stretched to 40% from bank. I found that 2 major reasons they will do this:
1) Money values keep depreciate (inflation, weak buying power in future for same money value)
2) They think their income will keep increase thru annual increment/other sources/etc.

They should be safe if they don't spend much/change their lifestyle after heavy commitment, however, if they don't have enough backup, they still trap in rainy day and their property will be lelong.
Now, i am waiting for firesales. It just like predict shares price will goes up/down (I believe recession just around). For me, no harm wait and see, unless someone need a house for the family right now.

P/S: Zero downpayment programme, it also happened to some housing development project (just need booking fee, free S & P and downpayment) ^^

Far far area... need to pay toll... nobody want to speculate

---

Added on October 31, 2010, 11:32 amThe last group of peoples join the crowd are losers. They just speculating, they just gambling now.

But then, nobody can tells they are last batch until it really happen...

This post has been edited by noproblem: Oct 31 2010, 11:32 AM

I think maybe high speculated areas... but most will stagnant and good areas still slowly increase...
developers will suffer and maybe come out 30% discount for their property launch?

This post has been edited by noproblem: Nov 3 2010, 07:05 PM

Why not? Selayang Spring condo already gave 20% for some buyers... I can see developers going upgrade this trick again as long they can convince bankers...

True correction will come soon.

10 years already still up:

http://www.globalpropertyguide.com/real-es...-house-prices/M

Look at Thailand also got up and down:

http://www.globalpropertyguide.com/real-es...-house-prices/T

Really hope a lot this kind of peoples and waiting for next 1-2 years... ^^

Earned rm3500 but repayment is rm1860... slightly miss calculation (temporary out of job, accident, etc) will easily make this property in auction list... haha
Why need to wait? I assume property price hike situation will not last > 2 years without any correction...

This post has been edited by noproblem: Nov 19 2010, 08:16 PM

haha... we've to win japan... gov pls ask bankers lent more money... reduce reserve fund....

Agreed. Maybe his living lifestyle is different and never use SG public transportation that's why SGD3K is barely enough.