Bust of property bubble

This article explains the consequence of a busting of the property bubble.

My view
Property prices are too high in Singapore and can suffer the same consequences in the future. Do not assume that land is scarce and property prices will continue to escalate. The sharp increase in recent years is due to temporary factors, such as immigration and low interest rate. The danger is that property prices (and rental rates) are out of line with income levels, and cannot be sustained.

A warning sign - there is a report that no bids were received for an executive condominium project in Jurong. It suggest that the media report about increasing property prices may be exaggerated.

Read my views about "Invest in Property" in www.tankinlian.com/ask.aspx.