21 Dec '12, 3am

My thoughts on govt land sales on 21/12

Quote: Originally Posted by radha08 Since 21/12 is such a BIG day i also better TCSS How is it PRICE of land ever going to go lower??? Lets say...Plot A sold at 300PSF PPR....then developer build and launch sold his units at $1000PSF...he managed to sell half the devt During his launch Plot B NEXT to plot A...put up for BIDDING then whats going to happen...if BID TOO LOW govt will NOT sell the land.. But the developer who bid for plot A will PROTECT himself and chances are he will bid AGGRESIVELY for plot B maybe at $350PSF to protect his investment in Plot A... NB evelopers are VERY VERY rich and can do wonders.... So if this keeps on going ON AND ON...it is just a snowball effect and land goes up property goes up....BUT BUT BUT...the one who has to be VERY VERY VERY careful is the poor buyer cos if one day the ball stops rolling you know who is going to get crushed NOT g...

Full article: http://forums.condosingapore.com/showthread.php?p=346190#...

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