It could be true ( True that the remitances from US/ Abroad) is headed south!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18

Property prices can only come down if there is an over supply. There is no evidence to that effect. Remittances may have dwindled alright but this is not the only stimulus to growth in this sector. True there has been a slow down in the construction of highrise residential properties in the traditional locations.But slack demand,scarcity of land and steep land prices are some of the factors responsible for this. If you watch keenly there has been diversification in the sector with investment shifting towards commercial facilities.

Patience Pays in Guaranteed Checks

@Gekko,

Those are some of the factors driving up property prices and thereby stifling demand.In effect this slows down growth in that market segment.BTW in such an area you can only put up a maximum of 32 units but suitably 24 units in an acre for optimum results. Work out the selling prices per unit from that.

Patience Pays in Guaranteed Checks

take heed....they will come down and some will sing while others will be crying.....it will be the time to collect bones for those who will be having cash,just as it is today on shares for those who have cash........this will come to pass,but if you wish to bury your head in the sand,so be it...my 2cts.......don't ask for silly fundamentals......they don't work in such times!!

If you have money that you expect to start using in five years,it does not belong in stocks.

This crunch has been going on and only a fool thinks prices are going up as people are being laid off.....by the time property managers accept that prices are going down,it is already too late for the developers who secured loans and now cannot sell......They will fall further as the real economic shock guys have been hiding from starts to show up.