WHY YOUR PROPERTY PRICE DROPPING? REAL LIFE CASE STUDY! SELLER MUST WATCH! / Singapore Property

The video explains that property prices drop not just due to low demand and high supply, but primarily because of desperate sellers setting new, lower benchmarks (0:16-0:52).

The speaker illustrates this with a case study of a seller trying to sell a property for $1.8 million for over a year (0:52-1:41). When a neighbor, who was more urgent to sell, sold a similar unit for $1.65 million, it set a new benchmark for the area, making it very difficult for the original seller to achieve their desired price (1:47-3:32).

The speaker emphasizes that sellers who are "not urgent" often lose out because there are always "urgent" or "desperate" sellers in the market who are willing to drop their prices to sell quickly (3:54-5:00). This phenomenon is particularly prevalent in the HDB (Housing & Development Board) market, where sellers often need to sell their current HDB flats due to new purchases like BTO (Build-To-Order) or EC (Executive Condominium) units (5:26-6:10).

The core message is that desperate sellers create competitive pricing by lowering their asking prices (6:30-6:44). This attracts buyers who are not desperate, as they see these lower prices as good deals, leading to new, lower benchmarks being set in the market (7:28-8:50). The speaker warns that this is a "real-life scenario" that is already happening in the Singapore property market, even if it's not yet reflected in official statistics (8:51-9:47).