Memories of a property bust
It wasn't too long ago when property prices were driven sky high and let to a financial crisis. Then punitive measures were taken to curb the incessant demand and price increases. It was just a bad dream. Don't bother with it. Now all efforts are channelled to build hi end world best properties and at ethereal prices. Obviously many Singaporeans are not going to be beneficiaries to such exuberant enthusiasm. Several million dollars price tag are beyond the means of many Singaporeans. It is only for them to ogle. Then build all these high end properties for who, for what? Is this the best way to use our scarce land resources? And the profits from such sales and developments, for who?