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Private-property prices fall sharply in core area


Mustank
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dont know whether is it got outliers in past transactions which pulled down the transacted psf :huh:

 

I believe so.

 

Outer region, core region, whatever region...unlikely the price will crash up to 30% if rental rates do not fall..prices of property is always pegged to how much rental it can fetch.

Edited by Rickster
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Funny, got all this terms, core central region , outer region....

 

sound professional to have "technical" terms mah. even more stylo when they purposly use acronyms - core central region CCR, rest of central region RCR, utside central region OCR

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just fall until those it hurts those foreigners...

 

I tell you..ABSD means nothing to most foreigners. They want a safe haven for their cash, they don't care about returns for they already have biz providing them cashflow. As long as their offshore assets are protected whatever level of ABSD is levied they will pay.

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I tell you..ABSD means nothing to most foreigners. They want a safe haven for their cash, they don't care about returns for they already have biz providing them cashflow. As long as their offshore assets are protected whatever level of ABSD is levied they will pay.

 

depends what time of foreigners. gcb types no problem the middle income ones will be scared.

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Take all these reports with a pinch of salt. If CCR is now averaging $1500, who would want to buy a LH, punggol at 1400 when the gap is so close?

 

you are right! no way!!! :excl:

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I tell you..ABSD means nothing to most foreigners. They want a safe haven for their cash, they don't care about returns for they already have biz providing them cashflow. As long as their offshore assets are protected whatever level of ABSD is levied they will pay.

 

You're right, 10% tax on investment is nothing for those from the mainland.

Those that are cheering about the price drop, obviously they're too poor to own any property currently.

What make them think they can afford should the price drop further?

Edited by Davinci
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Take all these reports with a pinch of salt. If CCR is now averaging $1500, who would want to buy a LH, punggol at 1400 when the gap is so close?

 

this is a very good question and i am wondering about it.

 

Dun understand why people willing to pay so much for 99LH in OCR.

 

Any ideas why?

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