with the recent hike in material cost, its unlikely that the property price is going to decreasing trend..maybe remain stagnant..

reasons:

(i) stiff margin doesnt allow much for developer to lower down their prices despite lower demand. Furthermore, there too many case where the developer experience cost overruns, cutting price lower would not be the best option to them..

(ii) if the price is lower, pls be extra coutious as the developer might cutting cost at the expense of quality..buying property from the reputable developer may mitigate this risk..but pricey la..

(iii) In prime area, property price is unlikely to be lower, in fact, the developer is trying to hold the their launches to enjoy hike in property prices..landed properties mahh..future value..

(iv) for small and medium size type of developer, too risky to buy from them especially during recession..they dont have back up cash to finance the construction..fully dependant on the disbursement from the buyer's financier..if they are facing cost overruns, they might just leave the construction site and winding up the company and ceased.. who will badly suffering?..BUYER>>>

p/s: this apply to new property under construction only..

Lets go back to the principle of demand and supply, bearing in mind the construction costs to determine whether the price is go up or down under various economic condition..

that also explain why some properties are even pricey although in current downturn economic situation while the other properties are not..do you realized that high ends properties are less effected even in downturn economy?

How best to explain the situation where a developer is selling their house at costs and thin margin (force selling situation) to attract buyers? they will only consider this way if the demand of their properties are weak while they are facing liquidity pressure to cover their daily operation and debts?

why the demand are weak? - it can be caused by external factor (people doesnt have money) or their properties are really unattractive and valued at lower price than its tagged..

considering the above, lets go back to supply and demand principle, as i believe all factors that mentioned in this thread are not absolutely true or wrong, but entirely depends on situation and your basis of argument.

No argument.

Thanks