Quote:
Originally Posted by Unregistered
Well, I respectfully disagree. This is the time to buy. Economy is on a v-shape recovery and despite PM Lee's message of "moderation" Singapore will continue to bring in more foreigners to hit the planned 6.5 million target because we have already built our infrastructure and houses to accommodate this target. If not, there will be a worse backlash when we have "ghost malls", "ghost IRs" and "ghost condos". Between this backlash scenario and inflated housing prices, the government has no choice but to choose the latter.
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Whether or not prices will continue to go up for more than 2 yrs, we only need common sense to have a general idea. In every market, there will be upturn and downturn, where greed and fear will rule. When everyone's making money, nothing can go wrong. As recent as 3 yrs ago, ppl were banking on 2008 Beijing Olympics China story, what we all didn't see was the financial tsunami creeping upon us. Just think that all the excesses will be wiped out in one fell swoop. When fear rules, nothing is right....never-ending cycle.
Well, it's cool to agree to disagree. I'm just a property-less guy with an opinion
