For those who have been on the sideline like myself, and I believe there are many of us, the property prices have not come down enough for us to go in. So, I say let it drop a little more, and we will come in to soak them up.

The government has many tools and measures at its disposal to control the property market. And they have to balance between keeping the prices affordable to first time buyers, protecting and attracting investors and reducing the outflow of money to other countries.

Swee Yong's article, in my view, is an indirect plea to the government to review and remove the cooling measures to breathe life back into property investment sector. He pointed out that singapore properties are beginning to look unattractive to high networth individuals, both locals and foreigners. And the consequent of that is that good money will flow out of Singapore or not come in at all. This is not good for our economy. But at the same time, the government has to keep the electorate pacified by reducing the number of foreign talents here.

At the end of the day, people will switch sides once they bought their property. That is, for first timers, they want to buy their homes on the cheap. Once they bought, they would want to see their home prices rise. So it is a very fine line for the government to walk on.

That said, it is also true the government will also ensure the property prices will not collapse. This makes investing in property in Singapore attractive in my view. That's why I am closely monitoring the price movement.