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Tuesday, September 9, 2014

Home prices ‘to fall 20%' by 2016

read:
http://www.channelnewsasia.com/news/business/singapore/home-prices-to-fall-20-by/1354620.html

so many are complaining about expensive houses in Singapore.

BUT what if prices of homes fall by 20%?
will many start complaining about falling (negative?) values of their homes?

according to the report - loan curb, slower flow of foreign workers and rising interests rate may cause up to 20% fall in home prices. wow~!

should this happens, will this fall attracts investors to start speculating / entering the property market?

or will this fall mark the start of a new era where people will no longer see property as a form of lucrative investment?

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