Hi there, thanks for your analysis. This is great content. Can you clarify again the point on "Greater Undersupply in pvt vs 2023" but " Pvt volumes to increase? Seems like it contradicts. In your view too for D15,, what should be the price spread between a FH full fledged condo (haig court, tembusu grand) vs an boutique apartment (Ardore & Royal Hallmark)?
Thanks for the comments! There is a luxury of choices in the resale market in 2023 due to high TOP and MOP numbers. As those supply get absorbed up, choices will dwindle. I expect the rise in volume as demand shifts to new launches with resale options being either overpriced or non-existent. On your D15 question, depending if its within Toa Nan or not, if you can get a freehold at leasehold quantums/psf , you should be pretty safe.
I foresee many people losing a lot of money in properties. Recently some property investing gurus are encouraging young couples to buy and stay in landed property on huge loans, with mortgage funded by income. With the long tenure, they are hardly paying down their principle loan amount. They are barely holding on to their property and waiting for the capital appreciation. With prices inching down, they will be forced to sell when the bank asks for huge cash top up. Already starting to see tripling of listings of bank sales this year. If interest rate remains high, buyer demand stays muted, prices will close lower. GLS closing lower will cause panic and trigger a domino effect, purging out short term investors, those looking for quick capital gains who are highly leveraged and have no holding power, long loan tenure and funding with their income. Negative sentiments on property will follow suit and prices will stay muted for extended period of time, over years. Speculators coming in for a quick flip, the money no enough gangs will be so burnt, leaving those that are funding their properties with rental income standing strong. The factor determining property prices will be rental demand.
what i meant in this context: There are good deals in developments that have just TOP, where there are quite a number of units for sale. But need to watch out for your entry quantum, make sure there is a sufficient gap to the new launches. when i said "smaller" i meant more in terms of quantum
Excellent comprehensive review. Thks
Thanks for watching!
Hi there, thanks for your analysis. This is great content. Can you clarify again the point on "Greater Undersupply in pvt vs 2023" but " Pvt volumes to increase? Seems like it contradicts. In your view too for D15,, what should be the price spread between a FH full fledged condo (haig court, tembusu grand) vs an boutique apartment (Ardore & Royal Hallmark)?
Thanks for the comments!
There is a luxury of choices in the resale market in 2023 due to high TOP and MOP numbers. As those supply get absorbed up, choices will dwindle.
I expect the rise in volume as demand shifts to new launches with resale options being either overpriced or non-existent.
On your D15 question, depending if its within Toa Nan or not, if you can get a freehold at leasehold quantums/psf , you should be pretty safe.
Thank you Sir@@TheRightMoveSG
I foresee many people losing a lot of money in properties.
Recently some property investing gurus are encouraging young couples to buy and stay in landed property on huge loans, with mortgage funded by income.
With the long tenure, they are hardly paying down their principle loan amount. They are barely holding on to their property and waiting for the capital appreciation. With prices inching down, they will be forced to sell when the bank asks for huge cash top up. Already starting to see tripling of listings of bank sales this year.
If interest rate remains high, buyer demand stays muted, prices will close lower. GLS closing lower will cause panic and trigger a domino effect, purging out short term investors, those looking for quick capital gains who are highly leveraged and have no holding power, long loan tenure and funding with their income.
Negative sentiments on property will follow suit and prices will stay muted for extended period of time, over years. Speculators coming in for a quick flip, the money no enough gangs will be so burnt, leaving those that are funding their properties with rental income standing strong.
The factor determining property prices will be rental demand.
38:16 do you mean it's good to buy smaller units in areas where there's alot of supply?
what i meant in this context:
There are good deals in developments that have just TOP, where there are quite a number of units for sale.
But need to watch out for your entry quantum, make sure there is a sufficient gap to the new launches.
when i said "smaller" i meant more in terms of quantum