Originally Posted by
DKSG
There is this asset which many young graduate has --> parents willing to fork out their coffin money. These are like the Green Dragon White Tiger of these young graduates who will provide them the watever money to buy.
Reason being - scared next time children condemn to stay in HDB all their lives without the slightest possibility of upgrading to condos.
Go down to showflats la .. walk around, check out those buyers, if is not difficult to spot these buyers ...
The young graduate on the other hand, since free money come from parents' coffin, they just spend. If the condo cost 100-200-300K more than what they expect, nvm, ask parents fork out a bit more.
Like that, we keep our primary property booming.
DKSG
PS : The above only represents a portion of total demand, not everything. There are other segments of people buying too!