Beware, housing crash indeed is coming and will be fully felt in 1 year time.

- already, distressed sales from buyers losing their shirts in stock markets, FX markets are starting to appear.

- People talk about Casinos developments like a magic pill. who will visit these casinos once it is built, when ppl have already lost their jobs? maybe hardcore gamblers do.

- Current demand of housing is coming from influx of foreigners employed in the service cyclical industries (retail, banking) When economy goes down the toilet, they will packing back homes. Rental will come tumbling down soon.

- defered payment scheme has led many to enter into property transactions without a thought that they will eventually for a bank loans. Up to 80% of new condo purchases for past few years (until SG gov prohibit this) are bought via this scheme.
Many of these do not eventually qualify for a bank loan and will be panic to get out of the market to get losses as soon as condo prices drop by 10-15%.

- increased participation of leveraged players (i.e. hedge funds) in Singapore real estate. A massive de-leveraging process is taking place around the world, as liquidity is died. No more funding, no more credit. Banks are scared of lending out especially to real estate investments(or rather speculations) as they repaired their balance sheet, and also inter-bank cost of funding is high. Once these leveraged players collapse in next few months, you will expect distressed sales coming up soon

Previous banking crisis last around 2-3years, so get out of the property market if you can now.
Conserve the cash and invest when it reach bottom when there is blood on the street (i.e. distressed sellers dominating 40-50% of sales in mkt)