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Saturday, October 3, 2009

Property bubble in Singapore

The bubble in the property market during the past six months is due to the following factors:
a) perception that the economy will get better
b) low interest rate
c) marketing tactic of property consultants
d) lack of information for customers

These activities help to create a false market, leading to a speculative bubble. It is not sustainable.

Some of the risks that will lead to the busting of the bubble are:
a) second dip in global economy (quite likely)
b) higher interest rate (a certainty)
c) control over marketing practices (not likely)
d) government measures (already in place)

Consumers can get better informed by searching this portal or by investing $25 in a property report (and save much more by avoiding a costing mistake).

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