Saturday, January 26, 2013

Cooling the property market


Despite its limited land,
Singapore has long had one of the most open policies for foreign buyers here.
 
This has caused prices to spiral and cut into its voter popularity in recent years.
 
Recently, a friend read with incredulity
that a S$1.5mil private condo in Singapore was described as medium-cost.
 
“How on earth can a graduate start-up hope to afford one?”
he asked.

1 comment:

Snowy Beagle said...

"How on earth can a graduate start-up hope to afford one?"

Why on earth should a graduate start-up *expect* to afford a condo at that phase in life?

Does a graduate start-up in London or New York or HK or even KL expect to afford a condo during the initial phase of his career?

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