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Sunday, 7 September 2008

So, what's with the Real Estate markets now?

Courtesy of Valerie Wu

So, what’s with the Real Estate markets now?

I was speaking with a friend of mine last night about the Real Estate market. Is it really a good time to buy US properties? Well, we both agree that it’s not a good time to jump into it yet even though property prices have come down significantly, it appears that there is room for prices to fall further.

How ‘bout Asia then? Let’s just say that you’ve to take a long term view if you really have to get a place. Definitely not for the faint-hearted.

And in Singapore? Prices have slipped a little, for buyers planning to get a property, Based on our conversation, it might be better to look at it in late 2009 to 2010 when the deferred payment scheme forces the speculators to pay up.

I would love to hear your opinions on this.

1 comment:

rahuldeodhar said...

Most of Asia is yet to experience a serious correction.
I guess you are right about the 2009-2010 timeline.
There has been a diffusion of holding - i.e. investors are more broad based - some are using real estate as currency play and stuff. Anyways it will take time till prices become affordable to real home users. Their income, loan profile will determine when the correction is over.
R

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