That kind of price for me, I can grap as many as I can afford so as to leave a piece of freehold property for my children. One for each of them. Even if they eventually cannot afford a property in Singapore in the near future, they can still have a roof over their head, for many many generations to come. Its the love for my children that makes me want to shelther them from stormy weathers ahead.
The way I see it, Singapore is overly developed, no more land. LKY has already said so long long ago. Nobody gave it a thought then. Thats why they go into casinos, tourism and service industries. Thats just the way it is inordered to sustain an overly developed economy. Contrary to popular belief, no government can take over and make the economy goes up up and away infinitely. Not even when opposition party takes over governing the country. Then only way to expand is anyones guess, northwards. Again, thats just my own opinion, you are entitled to yours.
As for IM, that price is low for now. Same as its economy. IMHO, it has got to a point where situation has bottom out. Going by Buddhas law of impermanace. There has got to be a turn around and I reckon that it is just around the corner. You can choose to come on board or stay away. Your decision, you bare the consequences.
Last be not least, the exchange rate is giving us an unfair advantage. A lot of us here knows that. Even the Johoreans knows it clearly. Thats the reasons behind those tens of thousands of motorist crossing the boarder in the mornings. The lure to Singapore Dollar is too difficult to resist. And for what? Of course to have that very same edge that we have. To stretch the dollars that earn with the same effort put in. So why are we so stupid not to follow them?
