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Singapore needs more hospitals than condos?

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abbby
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Singapore needs more hospitals than condos?

Post by abbby » Sat, 25 Jul 2020 11:18 am

Looks like the case...we won't need so many new condos.

https://www.channelnewsasia.com/news/cn ... d-12962360
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tt1973
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Re: Singapore needs more hospitals than condos?

Post by tt1973 » Mon, 27 Jul 2020 2:23 am

There is certainly too may condos!

New condos are so overpriced yet buyers are snapping them up, most will get burnt come resale time. Rental yield VS sale price does not make sense anymore.

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Max Headroom
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Re: Singapore needs more hospitals than condos?

Post by Max Headroom » Mon, 27 Jul 2020 8:57 am

And malls.

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PNGMK
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Re: Singapore needs more hospitals than condos?

Post by PNGMK » Mon, 27 Jul 2020 10:08 am

tt1973 wrote:
Mon, 27 Jul 2020 2:23 am
There is certainly too may condos!

New condos are so overpriced yet buyers are snapping them up, most will get burnt come resale time. Rental yield VS sale price does not make sense anymore.
There is literally no where else to put money unless you want some overpriced, risky equities or commodities. We are close to negative interest rate time.
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tt1973
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Re: Singapore needs more hospitals than condos?

Post by tt1973 » Mon, 27 Jul 2020 12:02 pm

Quite true, the property buyers have too much cash on hand to splurge on overpriced cars and properties.

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