i think you should take a much broader view. But primary reason
SG is too small a pool to substain high value property on its own.
Our property has price beyond the market. There will be high
property value in SG don't get me wrong but there will be a section
of home owners that are marginally stretch will get slaughter.
these days outflow of financial capital is faster than
we swallow our lunches.
depreciation of currency will be regionally and not subjected to
locally so your appreciation in property value does not necessary
take place. Income does not adjust accordingly. But Credit
will diminish as fast as depreciation of currency. There
is actually Price theory!!!
in any case I agreed foreigner do not need the loan to
buy property in SG, but they also do not want to use their
money to buy most of them come to SG and take loan if it fail the
most they throw the Key back to the bank.
Jobs for the Real "Foreign Talent" will dry up they will leave.
It will take a toll on Renter market. Slowly trigger down to
ownership.
The recent downturn in North America demonstrate that global
work force travel where the jobs goes. I know resume from UK,
Europe, NY. L.A. H.K. India, All come to Singapore. There are
even headhunter in the US placing jobs in Singapore competing for
the headhunter market. It can all go different
direction easily.
SG population is only 3.5 - 4 million with properly a workforce
of 2.5 million that hasn't changed. Try substained the
current value it ain't going to happen!!!
Hi, thanks for your views.
There will be high property value in SG don't get me wrong but
there will be a section of home owners that are marginally
stretch will get slaughter.
Definitely. I agree. But my point is, most are cash rich, so a
majority would not be marginally stretched.
these days outflow of financial capital is faster than
we swallow our lunches.
Financial planning I guess. For me, it flows in faster. But
that's for now.
depreciation of currency will be regionally and not subjected to
locally so your appreciation in property value does not necessary
take place. Income does not adjust accordingly. But Credit
will diminish as fast as depreciation of currency. There
is actually Price theory!!!
Depreciation will cause regional properties to appreciate. Sg
will appreciate even faster due to higher perceived stability.
Credit diminishing only assumes that buyers need to borrow to
buy. But my point again, is that buyers are cash rich; they do not
need to borrow much to buy at all!
in any case I agreed foreigner do not need the loan to
buy property in SG, but they also do not want to use their
money to buy most of them come to SG and take loan if it fail the
most they throw the Key back to the bank.
The property prices here are cheap in comparison to their
networths.
Also, the en bloc local beneficiaries are still roaming around.
Jobs for the Real "Foreign Talent" will dry up they will leave.
It will take a toll on Renter market. Slowly trigger down to
ownership.
There are just too many pple and too little jobs in the
countries these FTs come from. The push factor comes from
there.
When some leave, others will enter.
The recent downturn in North America demonstrate that global
work force travel where the jobs goes. I know resume from UK,
Europe, NY. L.A. H.K. India, All come to Singapore. There are
even headhunter in the US placing jobs in Singapore competing for
the headhunter market. It can all go different
direction easily.
Agreed. But this has been happening all along, and we still have
increasing population.
What's more with increased unemployment rates in those western
countries.
SG population is only 3.5 - 4 million with properly a workforce
of 2.5 million that hasn't changed. Try substained the
current value it ain't going to happen!!!
There are people who buy multiple properties without renting or
staying in for years. E.g. Peter Lim
btw, Sg population has reached 5 mil.
That said, all my words are just mere words. It's not just the
thoughts and ideas and words we have, but the actions we take on
our thoughts and ideas and words that will benefit us.
Thanks for reading :)
