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Old 27-12-2011, 01:44 PM
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Originally Posted by Unregistered View Post
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.
From another perspective, govt multiple intervention shows that the underlying market demand for Singapore property is very high - in fact it is a lot higher than the 1990s. So if the demand or property prices starts to fall beyond a certain point, the govt will have to intervene again since the govt wants stability, not a property price crash.
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