11-04-2011, 12:07 AM
(08-04-2011, 10:06 PM)koh_52 Wrote: My take:
1. Rental gradually taper down, due to implementation of harsh 16% SSD, those that bot now cannot sell their ppty for the next 4 yrs...they are taking a high risk cos within 4 yrs, many things could happen...currently, more and more ppty are putting up for rent. Hence, supply more than demand.
2. Interest rate is sure to rise by end of this year, at wat percentile, maybe moderate increase, my guess..but again anything could happen...e.g. Papies lose 1/3 majority, swee! foreign fund mass exit, ppty market crash.not likely to happen but i wish it will, hehe...my ppty drop by 30% also nber mind.
1. I remember our govt wants our population to become 6.5 million and currently its only 5 million? A recent survey conducted shows alot of people from China and India are very interested to make Spore their 2nd home.
2. Yes, rate will increase but i seriously doubt it will increase to more than 3.5% within the next 4 years. In 2006 when the global economy was at its peak, Spore loan rate was only 4%?
Those who bought properties during the last recession period are very safe imo. Now, dont think its cheap to buy property since Property Price Index is > than the median per capital Spore GDP.