Wisdom of the Crowd: 89% of the participants in this survey disagreed with finance minister Heng that the economy does not need a stimulus package yet. The other 11% agreed.
See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1646
See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1646
Economy is still doing well. COE has not crashed.Property sellers refused to go down their prices indicating most still have holding power. Of course there will always be mortgagee sales even if economy is doing well, due to the stringent regulations on owners not being able to reprice or refinance. Since when do we see new launches selling above $2000 psf for 99 years properties. The new norm for freehold launches are selling above $2600 psf. People are still buying with new benchmark prices. $1.5 million sound like nothing to the people here. People are still rich.
ReplyDeleteConclusion economy does not needy stimulus packages.