I am really worried for the future of Singapore. Our past business model is to provide services to the world.
We were heavily reliant on global trade, logistics, international travel, tourism, financial services and casino.
All of these industries were badly hit by the trade war between America and China and now by the covid-19 pandemic.
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We need good people for globalization, which has become more complex, stressful, and competitive. Which brings me to the question will there be more pain coming?
Recession is starting to bite. Might ease the end of the next year 2021.
The only card left is for Singapore to merge with another bigger country and pap minister should be wise enough to ink a humanitarian mou to request United nation accept singapore refugees amid its crowded how humid weather
Nothing to be anxious about? Property prices in the central region are still asking 10~25 per
cent above than the last transacted price. This shows that owners still have holding power.
Properties are one of the indication that recession is at its worse when half are being
dumped at 25 percent or more below transacted pri🤞ces. This has not happened yet.
Some developers are cutting prices but at today's prices which they have since put up,
and not the prices that were first launched.
Mostly they have to list a higher selling price knowing that the buyer will always bargain.
In a few instances, the resale owner put a much higher listed price to claim back their Stamp
Duties, ABSD, ASD, and all the bank interest. A few might lost money in businesses and think that selling high their property is one way to earn money. Some just felt their property is worth a high selling price thinking theirs is the best in their eyes.
Nothing goes up forever.
Nothing goes down forever.
Properties.
Economic health & wealth comes from man-made, human, and technological resources with education in investments? Some country's traditional way is by collecting higher GST, Levies, COE's, and all kinds of taxes? No other economic model to bring in other kinds of money from out of the country. Like that, I also can.
No large numbers of desperate property sellers. Most listings are more than expiry dates but they still told the agent not to entertain buyers who do not want to pay their high asking prices. Not many new listings to go on sale. Buyers have given up. They have turned to new projects. Shows economy still good for a lot.
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