31 Jan '13, 4am

A good time to sell your HDB Now!

On 16th Oct 2012, i mentioned in my previous post that "I expect HDB prices to drop in the near future (2.5 years from now) before next elections start because there is no way PAP can win with the current HDB transaction prices." An update on the latest cooling measures and its impact on the property market : In short, the re-sale market will tread flat because people will not sell their second property for a discount because if they were to buy another property they will be subjected to the ABSD of additional 7% plus lower LTV. Question to you is whats the point? Hence there's no incentive to lower their asking prices. Secondly, very good news for 1st time buyers as there's a great Singapore sale for you to celebrate over the CNY. Developers are cutting their profits by about 5% across the board to off load 50% so that they have enough cash flow to commence with construct...

Full article: http://forums.condosingapore.com/showthread.php?p=364176#...

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