Do yourself a favor Teddy.
Go subscribe to a service that helps you find out who are the purchasers in recent sales.
After a few years of stagnancy, people's incomes have increased, according to Minister Khaw about 30%. Give a couple of years more and we would already "reach" the low 2009 levels, which suggests that this is a low benchmark to have set to begin with.
The only way to seriously derail the demand would be a SARS level situation.
Originally Posted by
teddybear
Singapore's property price growth is because of increasing population where the new residents are affluent / rich and hence property price can increase...........
If you don't have growing affluent population, then property price will no grow.
Given the very strict tightening of foreigners coming to Singapore to work, and as long as the hard-hitting property cooling measures are in place, Singapore property prices will not go up, but rather, continue to drop until next recession...........
If you really want to buy now, make sure you have a lot of fire power come next recession because interest rate will initially shoot through the roof, could hit 10% p.a. just like in the 198x. Nothing is impossible, you are fore-warned!
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.