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Old 30-08-2011, 10:32 PM
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Originally Posted by Wiseman1 View Post
The answer to your first question: You are dead wrong. Singaporeans have grown complacent and overly optimistic on the property market due to the relentless increase in prices over the past couple of years. What goes up must come down and prices had declined by as much as 50% in the late 90s property crash. It would definitely happen again, not if but when, and my gut feeling is it is coming within the next few months.

You can see it happening already
aiyo, don't be sour grapes. singapore today is different from the 90s, so many highly paid bankers, lawyers and civil servants nowadays. if you need a home, just buy within your budget no point cursing the market. even if financial crisis returns, the most we will see is 20% correction from current prices, but with low interest rates most people can afford to hold.
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