Hey folk
I am not a Property guy. But property are related to economy and there are a few stocks that are closely related to.
Let me start by saying in the recent General Election, so many people are asking the govt to do something about the housing market. Too high in price, take life time to pay. Now the URA have increase the supply by quite abit. With increase in supply, price will be lower.
However, external situation, ( too bad we live in a country call Singapore that depend alot on external factors, maybe if we manage to find oil in pulau tekong then we are better off) do not look rosy. As in foreigner wish to buy and flip or rent out the property, but cooling measure comes in, so the demand would drop.
Next, interest rate would never never stay so low forever, when things pick up, interest rate increase, this discourage people to borrow, people whom have borrow may have problem paying which may cause default and if too many people default then another subprime will come. But we wont be in that condition i strongly assume.
So to me property prices are going to come down. this may lead to property share being slow moving.
