Do you smell a rat? Why are property developers picking speed to launch their property within 6 months of bidding the land sale?
The Straits Times, 24 Aug 2010 reported that “Property launches picking up speed“
DEVELOPERS are fast-tracking mass market properties in order to take profits sooner rather than later, a leading local developer said yesterday.
Well, that may give a tell-tale sign that developers are riding on the waves now while the price is high and secured as many home buyers as possible.
In that way, the risks of any correction will be transferred to the home buyers. Developers is doing that becasue they may be fearful that a correction cycle is impending as the saturation peak approaches.
August 24th, 2010 | Category: Rich Way, Wealth | Leave a comment
Here is a snap shot of Singapore Property Cycle. Did you manage to ride on the waves before? Not to worry, if you have been missing the fun. Another chance will be presented to you soon, so do watch closely for the new signal to appear on your radar screen.
1993 to 1998, 1999 to 2004, 2005 to 2009, 2009 to 201x
August 15th, 2010 | Tags: Property, Real Estate, Rich Way, Wealth | Category: Wealth | Comments (3)
Overall prices of private residential properties increased by 5.6% in 1st Quarter 2010, compared with the 7.4% increase in the previous quarter.
As can see from the index chart by URA, the residential prices has hit all-time high. There are possible chances that it may be due for correction soon.
As the saying goes, “What goes Up, must comes Down.” How much will the correction be? Well, only time will tell as no-one holds any crystal ball to give a definite answer. For now, just has to wait and see.
June 11th, 2010 | Tags: Property, Real Estate, Wealth | Category: Rich Way, Wealth | Comments (1)
