Singapore Homes Most Affordable as Rents Climb

[Musicwhiz]

Our property market is different from US. We have 20% down payment and banks here conduct vigourous check before loan being approved.

I hope Singapore will not experience similar predicaments in US and Southern Europe in future else a lot of people will be suffering besides falling property price.

I certainly hope it;s a case of "This Time It's Different". But history has shown time and again that it's not.

Looking at how leveraged some of the people mentioned in the article are, it's really scary to contemplate what would happen if interest rates rise rapidly and unemployment rate also rises.....