WHY I KEPT EMPHASISING THAT WHEN THE TIME IS RIGHT.. DONT WAIT... The following video will help you with the answer. Ive uploaded this video that a friend of mine shared with me as I do not tune to channel 8, so I did this initiative to share with the non-mandarin speaking committee or those who have missed it. The show start with the presenter giving a good question, will there be an oversupply for HDB flats? for the past few years I have always tried my level best to reach to the consumer through various media like radio, FB and many more. I have raised the issues about supply and demands many years back and I can understand the government have done their very best to meet with the resident expectation. Nonetheless I had voiced out about one day the influx of HDB in the Resale Market will soon come, due to the heavy production of New flats since 2011 till to date. Well its never their mistakes as like he mentioned in the end that No one can predict when price will rise or fall, which I totally agreed with it. So moving forward; He mentioned that the board have step in to stabilise the current situation by reducing the supply by 10% this year which normally release 4,000 units every TWO months and further reduction next year up to 25% which will goes back to quarterly BTOs opening. Not only Public Housing, it is reducing land bids too for Private residential. So, what will be the repercussions from these step? I leave it to you. He mentioned about adjusting the cooling measures but not likely to be soon. Looking at the illustration he mentioned that the rise of property index have raise 55% since 5 years ago and it is way too far from the raise of salary. I find it realistic. If the level of affordability is way far for your needs, then there are a lot of trouble to the financial institution to supply the mortgages. I did mentioned too in radio interviews that the property index will only be healthy again once the prices and affordability met. So, if you are one of those who are selling due to certain reason that you need to. Like he mentioned is to be realistic and place yourself on the ground. Meaning follow with the market flow. And If you are purchasing, like he mentioned not to predict or forecast the property cycle. By the time you know it, you have lost your bargain units. So sort out your needs get yourself a good bargain units on sale today and live your life for the better future. Furthermore he himself realised and mentioned it as its a BUYERs Market. I have helped many clients and they had never regret it as we will always give the best solutions to them. I can help you too for a solutions out. Urusan Hartanah Anda Dengan Satu Jenama Sahaja EJEN HAN KAN ADA!!! 81682313 Propnex Ambassador
Posted on: Wed, 22 Oct 2014 13:04:51 +0000
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