Agree that property looks bad but just curious what is your definition of property crash ?
If u think property goes down by 50 %, then u r looking at STI below 1850.
Can happen meh ?
Think even if drop, at most 25-35%. once hit this kind of level, govt just needs to u turn policy and the property will bounce up again.
Quote:
Originally Posted by Unregistered
The number of foreign employment has
crashed.
With the impending huge oversupply of properties coming, there will be empty condos everywhere. There will be more and more "ghost condos".
Those property investors, especially the middle income hdb dwellers, will be in deep trouble. They will have no tenant and their salary is not enough to service their mortgage. Worse still, interest rates is rising.
The property market will crash unless we bring in a huge number of foreign workers and foreign talent immediately to rent the empty condos and empty hdb flats. There must also be a big cut in property supply to solve this huge problem. |