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PR Newswire
03-12-2012, 12:06 AM
In my opinion, the only way for property prices to 'crash' is through unexpected black swan events.
The government controls booths the levers of supply (i.e. new builds) and demand (i.e. new foreigners) of real estate. With the knowledge of potential headwinds, regulation of lending and ownership policies, and a conservative forecast of economic growth, real estate prices are within their control.
Notwithstanding global conflicts and epidemics, growth in singapore should moderate (~2%) in the coming 2-3 years, and then resume stronger growth (~5%) as American, European, and Chinese economies improve. The next bubble is likely to be in Asia/China. And Singapore property will be hit pretty hard. But this is probably 6 years, or longer, away.
I wouldn't expect real estate to become cheaper anytime soon. But neither will I be buying one. If you're going for your first home, you probably shouldn't wait though. Likewise, coes are going to remain elevated for a long time now. This is the new normal.
There are, however, still good stocks to buy out there.
The government controls booths the levers of supply (i.e. new builds) and demand (i.e. new foreigners) of real estate. With the knowledge of potential headwinds, regulation of lending and ownership policies, and a conservative forecast of economic growth, real estate prices are within their control.
Notwithstanding global conflicts and epidemics, growth in singapore should moderate (~2%) in the coming 2-3 years, and then resume stronger growth (~5%) as American, European, and Chinese economies improve. The next bubble is likely to be in Asia/China. And Singapore property will be hit pretty hard. But this is probably 6 years, or longer, away.
I wouldn't expect real estate to become cheaper anytime soon. But neither will I be buying one. If you're going for your first home, you probably shouldn't wait though. Likewise, coes are going to remain elevated for a long time now. This is the new normal.
There are, however, still good stocks to buy out there.