Serious Massive retrenchment and pay cut but properties still snatched up?

[JurongEast]

Is fake news or serious one? I dun think cash rich ppl will consider buying now. Those that needed loans will not be granted easily. So who is buying?

If u read economic history, this is very common during chaotic time such as during war whereby many people are jobless and dying of hunger but the prices of precious metal and stones just keep increasing.

 

[blackmondy]

Any news that can enrich the Piss And Poop is not fake news.

 

[cow138]

If u read economic history, this is very common during chaotic time such as during war whereby many people are jobless and dying of hunger but the prices of precious metal and stones just keep increasing.

Why would that be the case? It's good opportunity but the prices are not exactly low. And this is long term investment in uncertain economic condition going forward.

 

[hbk75]

If u read economic history, this is very common during chaotic time such as during war whereby many people are jobless and dying of hunger but the prices of precious metal and stones just keep increasing.

Bricks and cement are not gold or silver.

 

[hbk75]

Singapore never short of property buyer.
Be it for personal roof over the head or an investor.
Also there are lots of foriegners here and the buyers number boost.
If Singapore property to remain for Singapore citizens only and the population control cap.
Then there wont be property boom all this time.
Then PAP goverment will be crying to their bank.

Thats why Singapore property wont crash.
Dont dream.

It is all about jobs and jobs. Once u have enough ppl unemployed. U see whether it drops or not.

 

[shittypore]

The cash rich will be waiting for lelong Sales.