That is the problem with property. Instead of buying a house that can be a home, it has become buy now if not prices go up and cannot afford it. I have frens who have bought 2 years ago or more and they are doing ok as prices have gone up and they got a good location.
Property is always about location, location, location. Now yes things might be turning bad,,,but look at property in good locations and mature estates, they are still fetching a premium,,,so if u buy there u are fine. But if u are in fucked up far away locations with no amenities good luck,,,,but many who buy those locations is because they have no choice,,,its new estate which they can afford,,,I for one will not want to live in Sengkang or Punggol...unless i work near there or i envy the lifestyle,,,
yeap agreed. just like 1997 crash and 2003-5 disaster. now happenings. the bastards agents like to always spin pseudo good news and bullshit that market is always good. when market up they tell you must buy otherwise would go even higher. whne market down, they tell you must buy as tomorrow prices would jump up . only last 3 years they told everyone market would go up indefinitely and I screw them. Now I am laughing. seen a lot of stupid people who took 30 years plus loans and sweating that interest rates do not go up or they do not get retrenched!!! end of the day only the banks , lawyers and these property agents crooks ie scums of society wins(only if you listen to their bullsh!t or crap). when ever I hear these guys got retrenched or fired I feel very good. makes my day. the perfect strom is coming ala 2003>>> MERS virus+ credit crunch + higher interest rates+ slowdown in china economy. even alot of property companies in China are going bankrupt but all these news are being covered up.