hurry, property prices shooting up!
Boomtown Charlie, Property prices on the rise Everyone in the business is using his loud hailer shouting that property prices are shooting to the sky. Quick, quick, go out and grab one before it is too late. My rich neighbour already bought 4 properties, one for son, one for daughter and two for suckers. Where are the suckers coming from? Most heartlanders have one or two children who would probably inherit the little flat they have bought. The rich, like my neighbour, have already bought all they wanted, and in excess, and waiting. Sure there will be a few young couples who have made it and wanted a place of their own. And these will have to play catch up if they can afford it. But many young people will not have enough, with the kind of pay they are getting, to buy those skyrocketing price private properties. Where is the demand coming from? Maybe some foreigners going for the top end. What about the general market, the HDB market? Is there really a demand to chase prices up? The memory of the balloon bursting is still deeply etched in the minds of many who have been made bankrupt. Bang, bang, bang, propery prices going up!