Originally Posted by
xox
I assume "long term" in your response refers to within our lifetime. If so, there's only one direction the prices are going - down south. Prices are getting lower, not higher and let's not forget developer is adding all kinds of special "goodies" to entice people to buy.
The land may be limited, and so is the population. Singapore's population is shrinking. More Singapore families having less children and the young ones are migrating. Less FTs too thanks to the government's stricter and stricter rules to appease its citizens.
And there is no new foreseeable engine of growth. Electronics going away. Biotechnology is a failure. Pretty epic one too with "free" education down the drain - apparently PhD prefer to walk naked on the streets. The casinos ain't bringing in enough dough.
Alright, enough said. Let us not kid ourselves with castles in the air.
.....Property prices goes through cycles.... the way you descrbe it, the downward trend is gonna be worse than the last one with all the economic catastrophes.....are more such dooms comingagain in waves? Less FTs? Less Does not mean negative? Population shrinking?Hmmm I thought we are projecting 6M population......Young ones migrating? What are the figures?....hmmm oh I just remember you are a property agent right?
.... have you quit selling properties? CMI? Perhaps its high time you pack your bag and migrate.....hahahahaha
“Be fearful when others are greedy. Be greedy when others are fearful.” - Warren Buffet