Remember the time when CapitaLand was going on some all-time high because people were speculating they'd win the Sentosa IR bid?

The rises capped at a certain level way before the real race began with CapitaLand-Kerzner, Eighth Wonder and Genting International.

Property stocks are now rising in similar fashion, after research reports show how both the residential and commerical property markets are going to do a lot better this year.

The latest two stocks riding on this is Singapore Press Holdings and SC Global.

SPH will be soft-launching Sky@eleven condominium next month, and SC Global has two developments under construction in the prime district.

I think it's a little too much to be heading into property counters right now.

Firstly, the local market's rising too much for my liking.

And secondly, these stocks may very well be at their highest in a long while to come.

People who have bought into stocks like Keppel Land, CapitaLand and the like a few months back may find their bank accounts to have ballooned somewhat, but I think they should take their money out now.

And yes, that means I wouldn't even think of buying in now.

If anything maybe you should just take your bulk of cash, and invest it in some real property instead.

If a two-room condo at the Waterplace at Tanjong Rhu could fetch rent of at least S$2,500 a month, imagine how much more you'd make with your money in a condo.

Serene Lim