Quote:
Originally Posted by Unregistered
Quote:
Originally Posted by Unregistered
I agree.
There was a quote from a billionaire investor on property investment timing for the Singapore market that I thought was pretty insightful.
He said he would never buy into a market when the govt is intervening with cooling measures because the govt has unlimited bullets, hence the market will definitely come down - just a question of time. He would rather wait until the market falls, and the govt cine in with supportive or liberalisation measures before jumping in because its much easier to reach your destination when u have the wind behind you.
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May I know who that billionaire investor is? Could you provide a link to the source please? |
I don't know which billionaire investor he is referring to, but I'm very sure it is not one of the following 22 developers.
Quote:
The Straits Times
Dec 8, 2011
Chestnut Avenue tender attracts 22 aggressive bids
By Cheryl Lim
A bidding war has erupted among 22 developers, the biggest field in about two years, to buy a plum landed housing site in Upper Bukit Timah's Chestnut Avenue.
The closing of the tender on Thursday came just a day after tougher residential property measures were announced.
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I on the other hand am able to provide a link to the source:
Chestnut Avenue tender attracts 22 aggressive bids
The underlying logic is very simple. If the government is implementing cooling measures, that means the market is hot! Just like those hot careers the government has to implement quotas.
Whereas those careers that nobody wants, the government has to keep promoting and advertising them.