Monday, October 13, 2008

About this Blog

Compare current US Subprime Crisis with Asian Financial Crisis

I strongly disagree that the current US financial crisis is not as bad as the Asian financial crisis.

From the onset, we've been in denial, defending the Asian economy with new theory like the "Decoupling Theory". Though the Asian financial institutions look strong so far, if you look around with more caution, you'll see hairline cracks in several Asian economies esp those with a bloated real estate bubble. Whether these hairline cracks will erupt into a full blown 1997 Asian financial crisis is yet to be seen. I'd want to remain cautious.

Even if the Asian financial institutions remain strong, which is what we all want to see, the Asian economies are undoubtedly going to be hit. Singapore economy, for one, has already fallen victim.

I won't say that this is going to worse for us than the Asian financial crisis but I won't be too quick to discount the possibility either.

In short, I'd not encourage property hunters to step into the market just yet. There should be no action until price is down considerably (for me, it's 40% and more).

Posted by Anonymous in the Singapore Property Forum

May also want to read:
History of Singapore Property 1960 to 2008
HDB Resale flats Price Index 1990-2008: Graph & Chart
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


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 :)