Quote:
Originally Posted by Unregistered
From another perspective, govt multiple intervention shows that the underlying market demand for Singapore property is very high - in fact it is a lot higher than the 1990s. So if the demand or property prices starts to fall beyond a certain point, the govt will have to intervene again since the govt wants stability, not a property price crash.
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I agree.
There was a quote from a billionaire investor on property investment timing for the Singapore market that I thought was pretty insightful.
He said he would never buy into a market when the govt is intervening with cooling measures because the govt has unlimited bullets, hence the market will definitely come down - just a question of time. He would rather wait until the market falls, and the govt cine in with supportive or liberalisation measures before jumping in because its much easier to reach your destination when u have the wind behind you.