For the past five (5) days, we have seen many news headlines surrounding the local property market.
Questions were rised whether the current surge in buying interests will result in a bubble when it's time to start paying the mortgage loans and whether any intervention should come in to reduce or stop any speculative market movements?
Further evidences may show the end of the recession and the signs of early recovery in Singapore's property market.
The buying just seems to go on. For example, Centro at Ang Mo Kio Hub attracted tons of interested buyers in its VVIP preview which saw most of the to-be-released units sold within the second day. Not to mention Optima at Tanah Merah MRT where by developers were forced to open the showflat late last night when the queue formed outside was way beyond their expectations.
The common explanations for the buying surrounds the reasons of the increased investors sentiment in the stock market, accumulated buying interests from people who have cashed out since the start of the financial crisis, upgraders and specu-investors who do not want to miss out the attractive deals of new projects.
So, don't be surprised when you find the shopping centres, town centres, coffeeshops, car showrooms, and sports facilities a little empty this weekend, and wonder where the crowd when?
You know the answer?
Catch them at locations found under my entry on "GSL"
