[sgbuffett]

Property is not a sure win

It has up and down cycles.

At the peak price, the most people think it a sure win investment.

At the bottom price is when the real season players come out.

Having said that the housing prices today is not particularly cheap or expensive.  Even though it is at all time high you have to remember salaries today for top 40% earners who are likely buyers of private property are also at all time high
.....low interest rates can push prices even higher if not for govt measures. Anyone who thinks there are threshold and limits should look at HK. If rich can buy as many as they want and developers can hoard landnand release supply as they wish ...the threshold can be pushed much higher.


The way for property to come down significantly is rise in interest rates, weak economy with high unemployment or significant reduction of foreign influx.

One way to put pressure on prices is to disallow foreign buyers and  allow PRs to buy only after they have been here for a number of yrs.