Crazy Property Market
I was just reading an article about the property market in Singapore when I learnt that once again, the property market has risen to stratospheric highs.
$810 psf for a 99-year leasehold property in Tanah Merah ?? $1100 psf for a 99-year leasehold property in Ang Mo Kio? Now all they need is to find someone else who will buy it from them at $1200 psf. Come on .... it sounds like 1999 all over again.
Note: During the Asian Financial Crisis, the property market in Singapore tanked in 1996 - 1997. It staged a recovery in 1999 (like now) before falling even further in 2000, and remained in the doldrums for 5 years until a recovery came about in 2005.
$810 psf for a 99-year leasehold property in Tanah Merah ?? $1100 psf for a 99-year leasehold property in Ang Mo Kio? Now all they need is to find someone else who will buy it from them at $1200 psf. Come on .... it sounds like 1999 all over again.
Note: During the Asian Financial Crisis, the property market in Singapore tanked in 1996 - 1997. It staged a recovery in 1999 (like now) before falling even further in 2000, and remained in the doldrums for 5 years until a recovery came about in 2005.
