The government can impose new rulings to dampen the market. BUT,
if the demand is coming from Singaporean, then you let prices go
up, singaporean complain, you let prices go down, singaporean
complain.....that is the issue.
We can't discourage singaporean from investing in
properties, we also don't want to the prices to go up too fast and
too high so that some others singaporean can afford to buy a
roof.....but it can be the same singaporean who will kpkb whatever
happens.....I know this guy who own 2 properties and still have
some cash....on one hand he is very happy that the 2 properties he
has appreciated much in value, on the other hand, he kpkb the
government because the prices went up to fast and he missed the
chances of getting a third property......
That is life man....
That's why people say they shot themselves in the foot.
For the sake of making more money for themselves, property
prices now cannot go either direction because they would upset
hundreds of thousands of people either way.
