Good news or bad news?
When I read the mypaper this morning, the two news that hit me were, one, property prices could rise higher, and two, Singapore's household debt low. And these are front page news. So, what is the message? Low interest rate and high liquidity will push property prices higher. Nothing can be done about it. It is beyond our control, market forces at work. And the consolation part, Singaporean household debt is low. This means Singaporeans can afford to take on more debt, pay for higher price properties. Add the two together, what can we expect? Boom time Charlie for the developers and property speculators.