Will Msian Khaw's Plans Lead to Perfect Property Storm by 2013?

[Confuseous]

DTZ : "...in a worst-case scenario, problems could unfold as early as 2013-2014. If all the ingredients come together it will make a perfect storm...these ingredients include falling demand, more supply and higher interest rates all kicking in together."

Add in the high default rate of HDB housing loans and we will have our own BIG BANG!

http://www.cnbc.com/id/43191167

 

[GeylangCheongster]

If perfect strom and property values fall by 50%, I will vote for him

High property prices are a structural problem. I believe Mah Bow Tan's stupid comments - of course including MM' repent and SM's other remarks - contributed greatly to the PAP's loss of votes

There are many young couple swho caanot afford housing and feel insulted everytime Mah says it's affordable

Property prices rose 40% in two years - to drop back 50% in two years would be good. So some speculators get burnt, so what?

Fuck high property prices