Quote:
Originally Posted by Unregistered
Seems like all the people is planning to cash out on their houses when they reach 55 or so for a comfortable retirement.... but just wondering.... who will be there to buy over the houses at high price? Food for thought.
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The buyers are the younger local professionals who are highly paid so they can buy these properties easily. Nowadays, young graduates can earn $200k pa very easily. So if these graduates marry, their family income is $400k pa. No problem buying a condo. There are also rich foreigners and PRs who are highly paid. So we must welcome these people to help us to retire.