New steps rain on speculators' parade

[koh_52]

This NEVER happened in the 08 and 09 downturn. So every down cycle is different.

Relac Contrarian-san.
I am sure many of us observe this scenario in Singapore as well.
As I mentioned that these cycles only work in normal times. We aren't.

Hi Con san & Arthur san,
I think those on the ground full-time real estate guys, they are the 1 can feel the market sentiment more accurately, cos they have a wider network.

The only areas that will always appreciate their value are the prime locations, prices always go much higher after each boom/bust cycle.

Agreed, which cycle is different...this time round is too much money flooding the market...the garment is installing 'check valve' in our economy, i.e. prevent outflow of money, when foreign investors pull-out... severe liquidity will cause hyper-inflation bad for the economy...so balancing both is the best.

Anyway, attached below is an useful chart on pty price index from 1960 to 2010. U may see the cycle trend yrself.