not so Wiseman1, ur arguments are all based on personal opinions while Alex sited facts.
While its true what goes up must come down, some times it doesnt come down enough.. especially with inflation.. the value of $$ is simply diminishing... singaporeans and ppl coming in to s'pore are generally more financial savvy now and know the pitfalls of keeping $$ in banks where its value is decreasing everyday.. so wat do they do with the $$, property & shares?! no? and in my opinion, there are more people who prefer brick & motar over paper..
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