Hong Kong property has collapsed by 30% and Singapore may be next

[Boonsiong]

My pal working in MND told me that Singapore cost of doing business is very high and non sustainable and this is especially true after the collapse of HK property.

In order to balance this, Singapore government may engineer property collapse here.

 

[Boonsiong]

Hong Kong's property market is currently experiencing a significant downturn, with prices falling by roughly 30% since their peak in 2021. This decline is the largest and longest the city has seen since the Asian Financial Crisis. Several factors are contributing to this slump, including rising interest rates, reduced demand due to professionals leaving the city, and a weaker economic outlook.

 

[Narong Wongwan]

Sg property prices will never drop.
It’s all in pap hands and vested interests to prop up property prices

 

[Boonsiong]

Sg property prices will never drop.
It’s all in pap hands and vested interests to prop up property prices

There is another option if government wants to maintain high property prices.
Government will cut business taxes to make it lower than HK.

In that sense, cost of doing business in sg will be comparable with HK.

However, government will have to increase gst to 15% in the next 3 yrs

 

[WangChuk]

My pal working in MND told me that Singapore cost of doing business is very high and non sustainable and this is especially true after the collapse of HK property.

In order to balance this, Singapore government may engineer property collapse here.

hkeeland not yet fully burst lah ... last time burst until many hkees do supermen superwomen ... now still havent Marvel yet

 

[Ah Max]

hong kong property prices collapse coz it has loose its edge ever since ze sino-british joint declaration becum a ‘historical document’.

 

[Chase]

My pal working in MND told me that Singapore cost of doing business is very high and non sustainable and this is especially true after the collapse of HK property.

In order to balance this, Singapore government may engineer property collapse here.

1. Property agents preached that Singapore learnt a hard lesson during 1997; our country will not allow another residential property crash, eg. consistently selling BTOs higher to support the market. I beg to differ but I am nobody.

2. If you are refering to industrial properties, then yes, there have been some weakness lately. It was rumored the number of closing MOM registered factories hit a new high in the last 12 months (mid-2024 to mid-2025).

3. Lastly for commercial properties, it is a nice playground because there's no ABSD. A lot of funds bought local commercial properties and shophouses after COVID, causing rentals to increase (as you said). However, Enterprise Singapore is going around to tell SMEs that they should relocate to nearby countries and not dream about lower rentals in Singapore.

 

[congo9]

Hong Kong property correction is not going to end well. Unless the economy of China regain it's momentum.

I doubt it's going to happen. What is happening now in Hong Kong is a mirror of what is happening all over in china now. That's why record nos of China move towards Japan, south Korea , Malaysia and Singapore

 

[eatshitndie]

once british-era property laws boh pa kei in hk and ccp real estate laws take over, hongkies are truly hong kang. from freehold down to 69 years lease, those with multi-million-dollar mansions at victoria peak sure jump.

 

[WangChuk]

once british-era property laws boh pa kei in hk and ccp real estate laws take over, hongkies are truly hong kang. from freehold down to 69 years lease, those with multi-million-dollar mansions at victoria peak sure jump.

true hor ... Ah Tiong only soompah give HKees 50 years grace and no change ... after 50 years they can rightful impose all the Ah Tiong Laws on Hkees in front of UN and UK ... AMDKs oso suck thumbs siao siao lan lan look down stare between their thighs ....

 

[congo9]

My pal working in MND told me that Singapore cost of doing business is very high and non sustainable and this is especially true after the collapse of HK property.

In order to balance this, Singapore government may engineer property collapse here.

Singapore cost of doing business is high because the government keep increasing the land costing. Pay the highest coe just to drive , pay the highest utility tariff , pay the high rental，pay the highest salary for the government In turn have to pay high high to the civil servant down the rank.

 

[syed putra]

My pal working in MND told me that Singapore cost of doing business is very high and non sustainable and this is especially true after the collapse of HK property.

In order to balance this, Singapore government may engineer property collapse here.

I don't think that is a good idea. PAP already trying to reduce cost by outsourcing or sharing some business with JB. Data centres being very obvious.

 

[True Believer]

If the SG govt sends more foreigners packing to reduce property and COE prices, there will also be unhappy S'porean home owners. The govt cannot please everybody here.

 

[eatshitndie]

true hor ... Ah Tiong only soompah give HKees 50 years grace and no change ... after 50 years they can rightful impose all the Ah Tiong Laws on Hkees in front of UN and UK ... AMDKs oso suck thumbs siao siao lan lan look down stare between their thighs ....

22 years left.

 

[True Believer]

22 years left.

In S'pore, the PAP controls the prices of property and cars; buyers have to pay our dues to the greedy govt.

 

[eatshitndie]

In S'pore, the PAP controls the prices of property and cars; buyers have to pay our dues to the greedy govt.

every pappy ministar buys gcb in sg and huat ah!

 

[Boonsiong]

Nice

 

[laksaboy]

Basically Hong Kong died in 1997 and whatever nonsense that is happening in mainland China will also happen in Hong Kong.

 

[Boonsiong]

Basically Hong Kong died in 1997 and whatever nonsense that is happening in mainland China will also happen in Hong Kong.

Nice