Quote:
Originally Posted by lazyplane
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.
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My definition of crash is a drop of 30% - 40%, which will cause many people into negative equity. But the worst situation is that there will be no tenants for investment properties and people can't service their mortgage. Property is the worst investment you can think of right now. Our foreign labour tightening policy is just too much.