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25-02-2014, 11:14 AM
I think some locations where different races congregate should be fairly stable even in down periods.
If you look at the stakeholders of the industry namely real estate agents are still making money though not like before. At one stage after sars in 2005/2006 agents were struggling to take home $2000 a month no typo there. 2007 onwards market started moving up then 5 years market boom. But market started going down from 1997 asian financial crisis that's like a 10 year correction period before it started going up.
So cooling measures started a year ago in 2013 it could be at the beginning of up to 2022 2023 10 year cycle and interest rates haven't even started going up yet they just only now draining the liquidity from market.
If you look at the stakeholders of the industry namely real estate agents are still making money though not like before. At one stage after sars in 2005/2006 agents were struggling to take home $2000 a month no typo there. 2007 onwards market started moving up then 5 years market boom. But market started going down from 1997 asian financial crisis that's like a 10 year correction period before it started going up.
So cooling measures started a year ago in 2013 it could be at the beginning of up to 2022 2023 10 year cycle and interest rates haven't even started going up yet they just only now draining the liquidity from market.