Originally Posted by
alamak
Singapore property is rising b'cos of Liquidity inflation attributed to global QE2 /QE3 .. tonnes of printing money flooding market ..EuroZone crisis ...
Singapore property is ever rising b'cos of our gahment positioning Singapore as financial hub, Casino hub, education hub, medical hub , free trade policy, liberal immigrany policy eg easier PR, Citizenship - a global free city for elite and rich , no capital gain tax , polkcy that entice these people, policy that do not punished wealthy indulgence at the expense of welfare of local citizens.( i.e citizen absolutely zero protection, look at trade union etc), Look at the Casino .. easy money laundering of PRC, Mymnana Junta etc
Singapore property is forever rising b'cos of the PERCEIVED DEmand small land vs NEED to accomodate 6.5 - 7 millions (2.5 to 3 millions of PR, quazi-Citizens), easy access and leaving ...
HOWEVER, like all thing in nature there WILL surely BE a TURNING PT when the above policy are changed and reverse ... like when there is a change (hike) in Interest rate ..a global mkt crisis like 2009 ... change Gahment in 2016/2021 etc
The easy Dilemma is for those already in (long time ago > 5 to 10 yrs) .. When When .. waiting to cash out if need to ..
The damn perplexing dilemma for those not in yet is "Should I ever get in - in view of the global uncertainty ..."
BUT the most worrying Dilemma is for those just hopping on-board is "Did I get it right .. Did I overcommit .. at right psf .. at right location and those with MM uniit ?? future rental /Resale value/ CMxx " and "Will I ever get out safely if ever I need to get out ??"
Like those in trading futures, No one can be more certain than yourself ..make sure can cut-loss or else look for better safety option to park your real money (not borrowed money). Property is only a hedge against inflation at the beggining and not at the end .. especially in view of global uncertainty ... When in doubt Don't do anything No gain no loss ...
My simple view b'cos I am in the first case.