Results won't stop em'!
This Friday, the government will be out with numbers to show increase in HDB resale prices for April to June. We can then see how much exactly has the property prices rise by, in terms of region as well as the different sectors like offices, industrial properties as well as shops.
This is to give an idea of how well properties are doing and some speculation as to whether the Government will step in to 'slow it down'--- in fear of property burst perhaps, or even whether property is 'too hot to handle'
I feel that regardless whatever is in the report, property will still remain sizzlin' hot! (excuse the pun!)
My reasons:
First, property, although as 'fast and furious' as it is, is still relatively new. And that people are taking the plunge to get whatever they can from it. Milking it for what it's worth is definitely an understatement. Although they're many players in the market, it will still take quite a while for property boom to slow down.
Take for example the case of the 'bubble tea'. It's the sought after drink with 'pearls', the black starchy edible balls, and that people are willing to fish out at least S$2.50 to S$3.00 per drink. Competition soon followed through with a bubble tea joint in almost anywhere nearby, and of course, funkier names. And then the prices dropped to remain competitive. At this point of time, I'd say 'SweetTalk' manage to stay on, charging a 'bubble tea' at S$1 each or S$1.20 at interchanges.
Key take away from here: It entered the market at a later time when the bubble tea fad was slowly dying out, and not to forget the reasonable price that people can come to terms with.
With that said, this brings about my second reason. Property boom is different in Singapore, compared to the bubble tea craze. Singapore is a small country and in property, we talk about space. Now Singapore does not have enough space. And property investors know this; that it is now or never, to secure at least a spot where everyone else is also fighting for. No matter what the report holds, i'd still say that property investors would probably take with them other areas that might be good to invest in, but definitely not slowing down even if it is overheating.
We then look at the Government to see any hint of 'stepping in'. I would say that it will still not stop property investors from being part of or getting a bigger share of the pie.
Nurwidya Abdul
ArchivesThis is to give an idea of how well properties are doing and some speculation as to whether the Government will step in to 'slow it down'--- in fear of property burst perhaps, or even whether property is 'too hot to handle'
I feel that regardless whatever is in the report, property will still remain sizzlin' hot! (excuse the pun!)
My reasons:
First, property, although as 'fast and furious' as it is, is still relatively new. And that people are taking the plunge to get whatever they can from it. Milking it for what it's worth is definitely an understatement. Although they're many players in the market, it will still take quite a while for property boom to slow down.
Take for example the case of the 'bubble tea'. It's the sought after drink with 'pearls', the black starchy edible balls, and that people are willing to fish out at least S$2.50 to S$3.00 per drink. Competition soon followed through with a bubble tea joint in almost anywhere nearby, and of course, funkier names. And then the prices dropped to remain competitive. At this point of time, I'd say 'SweetTalk' manage to stay on, charging a 'bubble tea' at S$1 each or S$1.20 at interchanges.
Key take away from here: It entered the market at a later time when the bubble tea fad was slowly dying out, and not to forget the reasonable price that people can come to terms with.
With that said, this brings about my second reason. Property boom is different in Singapore, compared to the bubble tea craze. Singapore is a small country and in property, we talk about space. Now Singapore does not have enough space. And property investors know this; that it is now or never, to secure at least a spot where everyone else is also fighting for. No matter what the report holds, i'd still say that property investors would probably take with them other areas that might be good to invest in, but definitely not slowing down even if it is overheating.
We then look at the Government to see any hint of 'stepping in'. I would say that it will still not stop property investors from being part of or getting a bigger share of the pie.
Nurwidya Abdul
Labels: bubble tea, edible balls, government, HDB, pie, pricing results, property, sizzlin' hot
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