Calls for prudence are too late by a few years: Colin Tan, Chesterton

[Confuseous]

Colin Tan, the property expert from Chesterton, said that this call for prudence is a few years too late when the prices are already so high and many Sinkies have already invested.

I think all the calls for prudence is unnecessary. The property prices will continue to go up and all the Sinkies and foreign investors will stand to make a lot of profit before 2030. They will be more foreigners coming here and need to buy a place to stay. And they will be a lot of hot money to be parked here in this absolutely safe financial centre and low tax haven.

Sinkies are now advised to be prudent and not to buy too many over priced properties. Would anyone want to advise Sinkies not to be warded in expensive hospital wards that they cannot afford to pay or would empty their little savings in their Medisave accounts? Would anyone want to tell Sinkies to buy flats that are within their means or even smaller so that they have more money left? Cannot? Why cannot? Oh, because the law says you must buy big flats if you have more money or stay in more expensive wards. But I want to be prudent can or not?

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[I_Hate_Pappies]

How does one defines an overprice product? What seems overprice for some are actually reasonable or a bargain to some.