yeah knees jurking insurance companies....
the minutes you hit insurance it affect the long term loss of
asset value.
I think property would properly hold for another 6 months in SG.
what do you think? The kind of price from SG cannot continue to
hold.
The rentals that come from the massive influx of foreigners will
help support the prices to a certain extent. If jobs for the
foreigners start to diminish then they will leave. If the
foreigners leave (not those that live in dormitories for workers) then rentals will fall.
In such a situation, where there is uncertainty, the prices
cannot go up but as long as rentals are there to support the
property loans, it might not come down.
There are other factors like foreign money flowing in (or
flowing out) and it looks like we can expect money from the US,
Japan and the West generally to dry up (or even reverse).
Singaporeans cashing in their CPF and bringing it overseas would
be another factor.
If there are race riots in Malaysia, then the money belonging to
the Malaysian Chinese might come here. If there is a smooth
transition from the government to the opposition, then money
Malaysians parked here at the moment might go back, for it shows
that Malaysia can do democracy and that will strenghten the country.
Indonesia, with so many candidates vying for the presidency and
nobody being sued for defamation to stop them from standing, bodes
well for the country. So money from Indonesia is unlikely to come
here in the foreseeable future and
might even reverse.
Singapore is so dependent on foreigners and
foreign money, and that is the greatest failure of the PAP for not
building up a home grown, Singaporeans based economy (due to many
varied reasons like resources going into the hands of their
relatives and cronies and resources going into paying
for exorbitant property prices...
)
