Quote:
Originally Posted by chnrxn
Is property still viable as a way to build wealth in Singapore, in the light of the current situation?
With the large numbers of fresh new HDB BTO, DBSS, EC, and private developments being launched since 2010 till now, what are the chances by 2013-2014, of:
1. the supply of housing exceeding demand, leading to a fall in prices and rentals,
or
2. the population or number of foreigners increase more than the new supply, continuing to prop up the prices and market?
What are your views? |
Yes buy now. All the printed money in the world has to go somewhere and assets is the best place. But make sure you can exit quickly when the Fed and others reverse their monetary stance.
I would go for commercial properties cos there are no 'cooling measures' imposed. Residential is too sentiment driven and government seems keen on pleasing the crowds by imposing funny restrictions that don't seem to work (I think it will create a crash instead but not so soon).