Quote:
Originally Posted by Unregistered
Simple question ... Where's the stimuli for this ?
-Interest rate ? No already all time low.
-govt policy? No, govt is doing all it can to bring down prices with repeated cooling measures
-lack of supply? No, huge supply coming on stream both from existing developments and new land sites releases
-affordable property prices? No, Singapore property is way way overpriced by every fundamental measure, both in absolute terms and compared to historical ratios in 1990
It's easy to make pie in the sky assertions but a bit harder to quantify and explain those assertions with facts.
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Biased analysis. What about
:
- hot money. US on recovery, while europe and china will soon embark on QE => hot money will flow in again.
- immigration policy. if you read carefully our ministers' comments before, during, after elections and their current messages, the trend is toward "easing" of immigration. unsurprisingly it's always "talent is important".
- developers faking it. they will do more stunts to boost demand.
- wannabes. lots of young people overstretching themselves. they will rope in their parents and grandparents.
- affordability. just ask MBT. it's always affordable. average graduate couple now earns $6k or more. 50% DSR is $3k. borrowing for 40years at 1% will allow them to take a $1.2m loan. prices now are extremely affordable.
i bet my last dollar that prices will go up another 50%.