Saturday, February 9, 2008
About this Blog
By: Sotong
Posted: 19-10-2007
In every bubble mkt, there is always a reason or beautiful picture that lead people to "Over-paying" for the assets.
In the 1990's, our govt forecast gowth of 10%, economy was doing much greater than now. Ask the businessmen and they will tell you that the mkt conditions are getting tougher than before. You may nopt believe it, our govt was so optimitic abt the mkt that even propose to link up our MRT to JB, malaysia. A crazy now but then at that time, everything was so bullish.
One of my friend who is in insurance told me that his client was doing very well in his business and bot a land to build a factory with a cold room. He went bust before the factory was ready, victim of the property downturn.
Smart Buyers Collection: In every bubble market, there is always a reason or beautiful picture that lead people to "Over-paying" for the assets.
Smart Buyers Collection is a collection of words of wisdom by various Singapore property watchers.By: Sotong
Posted: 19-10-2007
In every bubble mkt, there is always a reason or beautiful picture that lead people to "Over-paying" for the assets.
In the 1990's, our govt forecast gowth of 10%, economy was doing much greater than now. Ask the businessmen and they will tell you that the mkt conditions are getting tougher than before. You may nopt believe it, our govt was so optimitic abt the mkt that even propose to link up our MRT to JB, malaysia. A crazy now but then at that time, everything was so bullish.
One of my friend who is in insurance told me that his client was doing very well in his business and bot a land to build a factory with a cold room. He went bust before the factory was ready, victim of the property downturn.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment
Dear visitors:
Your comments are most welcome!
The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
Smart Buyer :)