Is it a good time to buy?

Guowei58 · Post by **Guowei58** » Mon, 31 Mar 2008 10:03 am

definitely wait for 6 - 12 months...the U.S. is going into a recession. Don't know where prices would go ultimately, but upside of buying is very limited at this point relative to the downside...

hk203 · Post by **hk203** » Mon, 31 Mar 2008 2:39 pm

Guowei58 wrote:definitely wait for 6 - 12 months...the U.S. is going into a recession. Don't know where prices would go ultimately, but upside of buying is very limited at this point relative to the downside...

Yes...just wait!! One way to know the market....call a property agent and tell him/her that you are looking for a flat selling on valuation or S$5K above valuation. If he/she slammed the phone, means market still screw up. lolol

angelizm · Post by **angelizm** » Sun, 06 Apr 2008 4:35 am

i guess it's best to wait ya. but if you have the $$$ of course, get whatever you think it's good.
anyway, alot of people out there are now trying to get rid of their units they bought earlier on for investments... hmmm....

keepitreal · Post by **keepitreal** » Tue, 08 Apr 2008 6:07 pm

It's coming. prices coming down that is.

I checked the government site on recently transacted prices and found less transactions taking place in March. This is an ongoing trend for the last three months.

And then there is this developer who just pulled out of the enbloc on Tulip Garden's, all because they couldn't raise the capital for the project. I hope they are satisified now they've got their fingers burnt cos it's these types of idiots that prop the market up.

Post by **jpatokal** » Tue, 08 Apr 2008 9:27 pm

keepitreal wrote:And then there is this developer who just pulled out of the enbloc on Tulip Garden's, all because they couldn't raise the capital for the project. I hope they are satisified now they've got their fingers burnt cos it's these types of idiots that prop the market up.

En blocs are failing left and right at the moment. Airview Towers just got kicked out in court, Pearl Bank's been on sale for twice now but no takers, the Horizon Towers fiasco, and my own apartment's been on the selling block for months now with no movement. Things are definitely cooling down...

Good story in the Australian:
http://www.theaustralian.news.com.au/st ... 58,00.html

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Is it a good time to buy?

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