Quote:
Originally Posted by angie
why is everyone so sure of the demand in the rental market ( hdb/condos/etc) in the coming years?
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Easy. We have the TWO integrated resorts, F1 for the next 4 years, Youth Olympics, and soon, more funds in our Temasek Sovereign Fund which in the long term can generate respectable profits.
Even at this "worst" recession since independence (or since great depression depending on where you're from), our unemployment is only 3.3%. This shows our government is doing a superb job in making our economy extremely resilient.
Furthermore, look at the condo showroom crowds. The people can't be wrong. If they are wrong, they will be screwed. Will the government allow this to happen?
We should all stock up on stocks and property NOW when they are still cheap. When the economy recovers, we are sure to reap HUGE profits.