Actually, it only fell 4%; this makes one wonder about some of the other predictions for the Singapore land markets are also in error. It is January and everybody wants to make predictions about how 2015 is going to turn out.

Let’s just see what they said according to their crystal balls about 2014 and how much of it actually came true.

Sol Acres

Singaporeans are regarded as land crazed buyers of properties. However, the Singapore government has put brakes on that runaway vehicle and is starting to restrict new properties from being developed.

Which is prompted the doomsayers to predict anything from a 20% rise to a sudden downturn of over 20% in the coming year for Sol Acres.

In fact one bank director is reportedly warning of a 10 to 15% drop while others only predict a falloff of 5% over the next 2 to 3 years.

Choa Chu Kang Sol Acres

Another interesting forecast predicted a 6 to 8% drop in private property and an 8 to 11% downturn for each HDB resale apartments, condominiums, and EC such as Sol Acres.

However, again this didn’t come to pass in the market remained stable.

Private property dipped 4% …