Who want to do a year end shopping for half the price condominium? You may do it this weekend in River Valley.
I read with interest the news that the price of condominium is plunging fast and the transaction volume is shrinking. The fact that luxury condominium Luma is going to be relaunched this weekend with about 50% discounts to last year $2,800 psf price tag is shocking.
When the market is red hot last year, the so call market expert is predicting that price is going to go up another thousand dollar psf. This is not dissimilar like analyst predicting that crude oil price will hit $300 per barrel when it hit $140 at peak. Crude oil is selling in less then $60 now.
Who need an expert now?
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