Excellent analysis and insight. haha.
According to your view, now we should hope HDB price to drop, becuase then Condo market drop even more. However one thing special about Singapore is that even though private property market slugguish, the HDB market has been quite stable. This explains why in 2nd Q, price index bouched back even higher. One theory goes that as the population of PR rises sharply in recent years, the demand keep the HDB market hot. |