SgLinks.com

05 Apr '12, 9pm

Property price trends: Taking stock: What if it takes a long time for prices to fall? As for the rise in suburba...

Many have been earnestly seeking advice on what they should do after the Urban Redevelopment Authority's flash estimate on Monday showed overall private home prices falling in the first quarter for the first time in nearly three years even as suburban prices continued to rise. First, let me clarify the comment I made on Tuesday when I said that resale market activity was picking up momentum again. Resale volumes are picking up simply because the market was "dead" before - a knee-jerk reaction to the latest round of cooling measures introduced last December. Notwithstanding this rebound, the trend of declining sales volume in the resale market will continue simply because upgrade demand for existing homes are being drawn away by more launches of Executive Condominiums (EC). That trend will not change unless the supply of ECs grinds to a halt or demand tapers off. Despite th...

Full article: http://www.todayonline.com/Business/Property/EDC120406-00...

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