Insight into Singapore's property surge and decline

There has been a lot of talk about the property market in recent years. Almost everyone has been discussing on investing in property and the rapidly escalating housing prices. A friend of mine who has no interest in property once told me: "The market is going to crash; an abrupt rise always leads to an abrupt fall." She said this at a time when the market was booming.

Such talk soon entered the boardroom, dining tables and social networking sites. Many people had only one topic on their minds and that was property. I definitely felt like a star since I was dealing in property and that's my specialisation.

Some spoke about the property bubble in the US and how that market had crashed, and yet prices kept rising gradually in Singapore. There were those who were complaining, but generally the majority were happy. Buying activity increased and cash registers were ringing at real estate companies.

However, those who didn't have the resources or means or were scared to make a move started criticising the government…

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This article was contributed by property realtor and blogger Sukanya Thalpati.

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