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#1
29-06-2013, 11:10 PM
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Property price will crash.....Mr Mohd Ismail.... you wait long long.....
An honorable member of the Coffee Shop Has Just Posted the Following:
14 Jan 2013 : Massive 50% drop in private property sales incoming: PropNex http://sbr.com.sg/residential-proper...coming-propnex Blame it on the new round of cooling measures. Private property prices will also take a hefty hit, affecting all property owners from Singaporean citizens to permanent residents. “The hefty ABSD of 5% for PRs for the first property, 7% for Singaporeans’ second property purchase and 15% for foreigners will have a drastic impact on the sales volume of private properties in the coming months. Sales volume is expected to drop by more than 50% as buyers and investors choose to wait-out and see the effects of the dramatic cooling measures," said Mr Mohamed Ismail, Chief Executive Officer of PropNex Realty. "It is predicted that the private property prices will head towards a slide of 5 to 7%. Developers had already paid high prices for the recent land bids and will not be able to sell much lower. Thus, developers are likely to be holding on to their project sales until the market recovers,” commented Mr Ismail. June 29 2013 : J Gateway preview: all 738 units sold http://www.businesstimes.com.sg/prem...-sold-20130629  ALL of the 738 units at 99-year leasehold J Gateway were snapped up at the development's preview yesterday, as buyers sought apartments at the first condominium to be launched near Jurong East MRT station in 10 years. Click here to view the whole thread at www.sammyboy.com. 
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