It is great to have a forum like this where views and opinions are shared. Mindless bickering and flaming for no particular reason is downright childish and unnecessary.
At least, if I base my decision to buy an apartment from the information that I gather around forums, I know what I am in for. I am prepared for the upside, the downside and aware of the risk I am taking.
If the downside materialises, I am prepared and willing to pay the price for the risk I take.
Agree with a lot of forummers that prices are really high and a bubble could have formed or in the process of forming.
But at the same time, the fundamentals are there too for prices to remain firm. Population increase, foreigners infiltrating our country, hot money from stimulus packages all around the world flowing in.
At the same time, the govt should really take care of the lower end of the population stratum. Housing is expensive, medical costs are high, cost of doing business and administrative expenses are pretty significant vis-a-vis profit margins.
It is quite sad that Singapore should reach a stage where the poor are neglected and the borderline cases find it hard and meaningless to live and work here.
It is pretty depressing.
If you know all this already, why start a thread with the title "ARe property prices too high?" Is this not mindless, childish and unnecessary? Your words exactly.