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I was looking at the headlines yesterday when I notice Mas Selamat face seems to be super imposed on the picture..
Maybe my eyesight not so good but again...what can't the gov do?:p
Hong Kong ferry services are subsidized by Gov...here in Singapore is about profit n high returns to shareholder..a ferry system to Sentosa? How much will u reakon commuters need to pay?
from your view, I can tell u are well traveled person... good luck to those that listen to housing agent n developer's bullshitt about buying now as it's gonna be expensive next year...
In fact, I expect some developer to declare bankruptcy by end of the year:p
My place (12 units apartment) at upper paya lebar was en-block at 298 psf in 2004(freeehold) now developer asking for $900-1200 psf(depends on size)
within 5 years a $300 psf property, due to market speculation n developer's had made the price jump to approx $1000 psf.. isn't it ?
Look at this thread again by early or mid 2010...most people won't believe in US property slump prediction before this financial crisis, which now devalued by almost 80%.
A $300 psf property has been speculated till $1000 psf by speculator n developer (price check - SEP 08), what do u think...
Yes, because this financial crisis is global, worst than Asian financial crisis...it will last around 2 years...
if the gov don't pump $$ n takes drastic measures..property will plunge n lose 60-70% in value:(