If I were you, I will aim to buy a property when prices come crashing down. A car no matter how cheap or expensive will last only 10 years. Buying a good property during the downturn and selling it off when the economy picks up, you can easily one buy one or two cars just from the profit alone! It has been done!
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Originally Posted by Unregistered
I also think there will be a global economic crisis next year. We have too much oversupply of properties in the market. Vacancies are very high, you see empty condos everywhere, at night there are condos which are dark as not many people staying there. Condos are empty because not enough tenants. Owners will have to sell at a loss if they have no choice due to financial problems.
I wish COE prices will drop to $20k next year so that I can scrap my current car and change to a brand new car. I paid $60k+ COE for my car and if COE drop to $20k, I can just scrap it and get a new car. |