you know as I look at investors pouring their money into "safe havens" like Swiss Franc and Gold
and taking their money out of "risky" investments like stocks and greek bonds
yet they also seem to be betting on growth currencies like Aussie Dollar.
This is really weird.
I think there is a thesis for two potentials for property...
1. property will follow other asset classes and go down..........HK property transactions and prices have already showed declines
OR
2. However we may see property prices in Singapore go up...there are multiple reasons ....SG$ is considered a safe haven currency and also a growth currency that is tracks RMB appreciation....Spore property if anything is the safest place to invest in Asia cos and its the "Switzerland" private banking country of Asia......thus people could end up buying Singapore property as a proxy for Gold. At least with Spore property you can get a 3% yield and leverage....which is a lot better than Gold!
On the other hand it may make sense to have some $$$ on the side in case prices go down so you can pick up good deals.....
what to do....
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