While generally this is true. It does depend on how people view Singapore. Singapore is well known to be attractive for some citizens of other countries when they want to get their assets out of their home nation and into somewhere close by and safe.Max Headroom wrote: ↑Mon, 28 Sep 2020 10:21 amMal, generally people here haven't yet caught on that the fat property years are behind us. Hot money still flows into property... until it doesn't.
You can't have more units than people to live in them without prices going down. It's a matter of when.
Again though, I feel this is a good thing; it gets rid of the froth, deflates the bubble. Normalcy is where it's at, when it comes to homes anyway.
I think this particular curb that Max Headroom has linked, is more about artificial inflation of sales figures, rather than curbing property prices.malcontent wrote: ↑Tue, 29 Sep 2020 7:02 pmThrowing up more curbs indicates fear that property prices could go higher, no?
This latest move by the URA is aimed at curbing a property market practice believed to be inflating private home sales figures, while encouraging financial prudence in home buying amid a weak economy and uncertain employment climate.
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