Quote:
Originally Posted by Unregistered
When they start buying, then prices will come down.
Not so soon. We are now at 1990, when prices just exceeded the previous peak in 1984 after many years. A lot of people are still hesitating on the sidelines thinking that prices had peaked because it exceeded the previous peak.
Still 6 more years for property to triple in price.
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Simple question ... Where's the stimuli for this ?
-Interest rate ? No already all time low.
-govt policy? No, govt is doing all it can to bring down prices with repeated cooling measures
-lack of supply? No, huge supply coming on stream both from existing developments and new land sites releases
-affordable property prices? No, Singapore property is way way overpriced by every fundamental measure, both in absolute terms and compared to historical ratios in 1990
It's easy to make pie in the sky assertions but a bit harder to quantify and explain those assertions with facts.