Dear fellow property investors,
According to a report from Channel News Asia website, http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1112824/1/.html
City Development chief said in his interview that the property price will drop between 3% to 5% this year. The transaction volume will also be down.
Just a reminder, the bank's housing loan rates will never be kept at the current low rate. Once the rate increase, I believe there is going to be quite a number of fire sales out there.
Hong Kong and China property bubble has reached uncomfortable level. What will happen if it pops?
Current Libya and some North African countries' crisis causing the oil prices to roll over $100.
The stock market is currently undergoing correction.
With all these news happening at the same time, do you think that the day for housing prices to drop will come soon?
Build your warchest and continue your search.