I dont think personally the prices will go down due to the cost of raw materials...no doubt the demand will subside considerably and the supply is higher than the demand but the developers wouldnt want to incur losses of newly developed properties...

what they may do is supply new apartments/condos/houses with "additional furnitures/airconds/cabinets" at "no extra cost..."

or if they lots of money, they may just hold on to it til the market gets better....(which is unlikely)