For those who are too lazy to watch the video to the end, a quick summary:
- Sale volumes are expected to go up because of population rise
- The strong economy will fuel demand
- The Govt is mainly concerned about mass market sector
- So far Singapore's transaction values are down 30%, so it is not worrying
- There is a lot of supply and unsold units, prices will not run away
- Developers are holding back high end units because they think that market is not as robust yet
- 'Prices need to be running away faster than they are now' for authorities to take action
- Suggests to increase the supply of land to influence the market
- It is difficult to come up with measures to temper demand
No comments:
Post a Comment