now with this economy?? no way ..
property would still be booming, trust me .....
why ?
1. Singapore's population target is not reached yet, it's still
growing, all the time .... all these chaps have to stay somewhere,
and with all the rich foreigners around, private properties remain
the only option.
2. After the bank investment scams and scandals, where would be
the safest place for people to park their money, to invest ? no one
would trust banks and financial derivatives again, where else but
properties ? and there ARE a lot of cash rich people in
Singapore.
3. The goverment can't intervene, really ... sure, they are
worried, but at long as there are real and fundamental drivers for
the boom, and the two points above are real drivers, they can't do
much and they know it.
I'm taking my CEHA papers in october ... that's how convinced I
am ....
