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17-02-2012, 12:47 AM
I foresee more cooling measures coming...
The recent ABSD and various cooling measures basically impacts those with little cash..
Rich foreigners are still buying properties in SG..
Been talking to a friend who is part-time property agent..
He said that SG properties are still considered UNDERVALUED as compared to many countries and first tier cities..
And with the open-ness of our economy, there will always be RICH foreigners coming in to buy..
The various measures by govt is also merely to cash in on these hot money...
And squeeze out the sandwich-class citizens...
Now we have demand spilling out from Residential to Commercial Properties..
Market is pretty distorted right now..
If income of citizens continues to stagnate amid sky-rocketing property prices, we will really end up like Hong Kong where rich-gap divide is so huge that the under-class stays in coffin-homes..
Just my thoughts..
The recent ABSD and various cooling measures basically impacts those with little cash..
Rich foreigners are still buying properties in SG..
Been talking to a friend who is part-time property agent..
He said that SG properties are still considered UNDERVALUED as compared to many countries and first tier cities..
And with the open-ness of our economy, there will always be RICH foreigners coming in to buy..
The various measures by govt is also merely to cash in on these hot money...
And squeeze out the sandwich-class citizens...
Now we have demand spilling out from Residential to Commercial Properties..
Market is pretty distorted right now..
If income of citizens continues to stagnate amid sky-rocketing property prices, we will really end up like Hong Kong where rich-gap divide is so huge that the under-class stays in coffin-homes..
Just my thoughts..