Friday, August 22, 2008

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Inflation Impact on Property Price: Two-edged Sword

Bull said:
In time of high inflationary pressure like this, the skyhigh construction cost alone is enough to push up further the property prices ....

Bear replied:
To go on and on talking about how the skyhigh construction cost alone is enough to push up further the ppty prices shows your total self-centredness, thinking that all buyers must buy just because you think they must. Here's the truth, skyhigh construction costs work against the developers first and foremost, making it even more expensive for them to hold their unsold inventory. Here's another truth, more than 90% Singaporeans already own their homes so there really aren't many "must' buy people around. So while developers may be able to hold for a year or 2, most buyers really can wait indefinitely. This is the true picture that most buyers themselves have missed.

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 :)