Salary.sg Forums - View Single Post - Exploit the Recession
View Single Post
  #6 (permalink)  
Old 17-02-2009, 01:32 AM
RYL--
Guest
 
Posts: n/a
Default 4080

I don't think property is anywhere near low enough yet. If you think seriously about it, the economy is in worse state than anytime in the past 15 years, so it is not unreasonable to think that we need prices to move back to 2001 or 2005 prices before they can even be considered attractive.

At the moment we have only seen some roll back of the excesses of the past two years (i.e. we are not even back to the pre-boom prices yet). The thing now is to keep your powder dry and wait.
The sellers will have to blink first someday.

Furthermore, this not not a V shaped downturn. An upturn when it comes, is not going to be sudden and sharp. Probably more of a U shaped downturn, when the economy hits bottom, it will stay there for sometime before it starts to recover, so there is plenty of time.

So whatever you do, DON'T BLINK FIRST!


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote