Monday, June 30, 2008

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Singapore Private Property Market Speculation Makes Demand Unpredictable

A forumer wrote this:
"trouble with spore property market is too many ppl are here to make money, rather than spend money ... but someone has to want those properties at that kind of prices for self-consumption .. otherwise, the speculative element is too great to support the market when sentiment dives... "

Minister Mah Bow Tan has also pointed out that the private property market is made of "speculators, investors and home-buyers" and now the even less predictable, specuvestors. Unless the (New) HDB market which sees real demand, the private property market is more unstable and more prone to sharp fluctuations in prices as enviromental factors change.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase


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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 :)