Prices and sales still holding up

[Musicwhiz]

Heard a few of my friends upgraded to a condo from HDB. But size of the condo's much smaller. Not too sure why they wanted to pay more and get a smaller house. Makes no sense. Well, different folks, different values. I would very much prefer a larger living space(big landed house if possible, if not, at least a decent sized HDB.)

I do know of one relative who recently bought a shoebox condo for "investment". But the funny thing is the property will only be ready in 3 years time, hence it is not "rental-ready". In the meantime, interest is only a super-low 0.98% per annum, and this person is also gainfully employed.

So I guess high employment and super low rates are contributing to this trend.

But personally I think some people throw caution to the wind by leveraging, thinking that real estate is the only prudent investment. In actual fact, the gearing you take up makes it far more risky than it appears to be.