Property price will come down?
'People who chase after the property market will ultimately pay the price when our property market nosedive. The property prices will have to fall after a certain peak and that is when thiings can go very awry.' Gilbert Goh The above is quoted from Gilbert's article in his blog with a title calling for the ban on PRs buying HDB flats. I think Gilbert is grossly wrong in his prediction that property prices will fall. This is one item in Singapore that will defy gravity. Several people in the know already said it clearly, that property prices will be manged to go up. It has to be as more than 80% of the population are living in HDB flats and they will suffer financial losses if the price will to go down. Up it must be. And the market forces will make sure that the demand will always exceed supply. If not, the market forces will be made to increase the demand or lower the supply. So Gilbert, sorry you are wrong. The gods will make sure that you are wrong.