Are property boom or bust?

[koja6049]

with the further tightening of immigration, sure bust

 

[SBC]

Will continue to taper very gradually till ABSD is removed or when flood gate is opened further.

 

[Perisher]

Actually from most opinions, it seems like 1 action from government(removal of cooling measures) can greatly boost the whole property market.
So even if bust, for whatever reason, it is also temporary.

Mid-long term, property is still gonna be boom.
My2cent.

 

[OwenMania]

so long as the employment rate remains ok, the property still can hold a while more... people will hold until they cannot make it, then kena bank auction.

i think the current yield of 3% is too pathetic to be classified under "investment". because most units are 99 leasehold, they are actually depreciating about 3% every year. so the rental is barely enough to cover the cost (depreciation & loan interest). please correct me if i am wrong.

 

[Genosis]

Expat workers decreasing.....

http://www.cnbc.com/2016/05/31/singapore-rents-driven-lower-despite-rising-numbers-of-foreign-workers.html

 

[BennyT]

Expat workers decreasing.....

http://www.cnbc.com/2016/05/31/singapore-rents-driven-lower-despite-rising-numbers-of-foreign-workers.html

Yes.. you can see on the rentals. alot are doing short term rentals. desperate liao

 

[Genosis]

Yes.. you can see on the rentals. alot are doing short term rentals. desperate liao

Ya.....My friend's shoebox condo around East Coast cannot rent out for more than a year liao......

 

[RollingPig]

Government will step in, no worries. PAP huat uh!