Quote:
Originally Posted by Margin call your head
Used saliva to mark? Pui.
30% drop? Come on, you can do better than that with your so called global markets business for 20yrs. You are not even sure in which segments of the properties market will be impact and you dare to put across 30%. Please, don't say that without any justification and analysis. In properties markets, there are few segment which would be impact, but I would think the no. would be hovering around 5% to 8% drop. Those are in the commercial and industrial sectors. Residential sectors (private) would not be affected much except for landed properties at near city location. Suburban leasehold will be able to maintain at present psf.
My advice to already committed owner, to keep your job and continue to service your properties loan, don't rush into such unjustified speculation that was is happening in US and Europe will affect your properties price. Those are just coffee shop uncle speculation.
HDB flats resales price will continue to rise, until 2008. However, if our population reaches 7 million by then, it will continue the momentun. |
When the US market crashed, average property price/income was 4 times. In Singapore today, median resale
HDB price to median household income is 8 times. Like I said, not sustainable.
You want numbers? Check every fundamental measure or ratio, and you will find that property is not just overpriced, its way, way, way overpriced.
Only compensating factor is liquidity, and that has proven to be a fickle bedmate in every asset class, in every country around the world thru out history.
Believe it or, I leave it up to you. But mark my words, at least 30% within 5-yrs.
I've never been more sure about anything.