My cousin says property prices will continue to rise as long as interest rate remain low.
Agree. As long as people think they can afford the monthly installments, they delude themselves to think they can afford it.
My cousin says property prices will continue to rise as long as interest rate remain low.
China is one big wild card.we have china behind us too. china is big enough.
http://www.singsupplies.com/showthread.php?t=56514
property prices here will only go up. the only factor is how fast or slow.
Hi Forummers,
Do you think that property prices are too high now ?
About to collapse soon ?
Please share your views. Thanks.
China is one big wild card.
what they do, they do it big.
ie: when they buy stuff, they buy in bulk.
Singapore being the small place it is, would experience a bigger demand than usual. supply being constant or dropping, that would result in a upward movement in prices.
only thing is when they (the chinese) let go. now, why would they want to let go of the property they acquire?
Is the sky blue? U moron
So, obviously, I am a moron..
By the way, I am a member of the PAP Youth Wing.
That was what prompted me to buy a private property in 1995. MM said something to the effect of:
" I cannot make the small group of people who haven't own property happy by bringing the price down, and thus make the majority of those who already own properties unhappy "
I was trusting of the Govt and naive.
"Property prices cannot come down"
That was what the Americans said before the recent sub-prime crisis 2 years ago.
That was what the Japanese said before their bubble burst about 15-plus years ago.
This is what most Singaporeans are saying now.
Rather than having the entire nation concentrating on how to put productive resources to good, creative use, Singaporeans are basking in the comfort of high property prices and continuing to speculate in real estate sector.
Good luck.
Hong Kong has the whole of China behind her. This is good enuf reason for the high prices in HK.
What does Singapore have ?
Looking at past trend, one can still go long on HDB flats. Buy on support, resist buying on spikes and paying high COV. 20 years on, you can still make money.
there u go. mystery solved.
Wait for pullback, what is called a correction. Then look around for value buys.
Well 30 years ago, u can buy a nice flat for $50K and can sell now for $450K. In those days the mandate of HDB was to really give people affordable housing. Those days are long gone. Don't mislead people like that. Today, you pay $450K to $500K for a flat. In order to make the same amount of money, you have to sell for $900K in 30 years. Can or not? What is the market for $900K flats 30 years from now? What is your household income needed to qualify for a mortgage on that large an amount? If so easy to make money, kindly ask around and see how many sinkies have actuallylost money on their flats in the last few years.