Quote:
Originally Posted by Unregistered
Singapore property prices will continue to rise albeit at a slower rate
Low interest rates will be here for a long time. The Fed already said so.
Anyway, with Singapore's limited land supply and high demand for properties (not only from locals but foeign investors that see the strong SGD a plus as opposed to the weaknening USD), prices will likely rise over the long run. Thos who bought with a long time horizon for their own stay should not be concerned even if price corrects. Any correction in Singapore property prices is an opprtunity to buy more properties.
Many of Singapore's rich and famous millionaires and billionaires make their fortune from property.
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fully agree. as someone calculated above, prices are very much affordable now. the young people who are complaining aren't willing to go to outskirts to live. they should learn from the hong kongers, who are already crowding out once unpopular locations such as sha tin. we still have the northwest, a big part of north east, tekong and ubin.