Many people in Singapore believed that property prices will never fall in Singapore, due to our limited land and strong economy. They should take into account another important factor - demand for the land. Right now, we are enjoying strong demand from foreigners working in Singapore. But this demand can fall, when there is a global recession. At that time, there will be an over-supply of property and prices will fall. When prices fall, it can take a long time to recover. http://www.cnbc.com//id/45477559
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