i think you are overly optimistic. Property market in Singapore is nowhere near the bottom. We are seeing a reversal from the peak in Sep08, and judging from past historical trends a bottom in 6 months is a bit too early. Besides, rental business is not as rosy as before. Breaking even on monthly installments can be tricky.
Second, US, EU, Asia, the crisis came in three waves. We are in the last zone, hence any recovery is going to be laggard. If you are talking about buying into US Financials, perhaps i might agree, however blue chip SG counters is too optimistic.