Noticed agents are all stating the market index is up hence the condo price will go up too (personally got such experience when I call for enquiries). But property is not directly linked to shares...it is more linked to bank interest/valuation, govt policies, land allocations (supply vs demand) etc.
When somebody earn from shares e.g. 100K they can immediately buy a car but not possible to change/buy a propery as have to evaluate cash downpayment, cpf, loan installment etc. SO agents stop using stock market to jet up prices, of course if there are any takers willing to buy at higher price than valuation then congrats for getting such customers.
btw, ST index went down today...so am I going to see price reduce immediately?