Property price is more affected by supply and demand.
As a result of our leaders foresight in building the integrated resorts and foreign talent policy, there is a great deal of demand for Singapore properties resulting in a huge property boom.

If PAP can continued its enlightened policy of importing more foreign talents, the property boom can still continue for years to come.

However, there is a fear that ungrateful S’poreans will pressure pap to moderate the foreign talent policy to moderate the property market. This is already taking place.

In summary, property prices will continue to go up if PAP can be voted to stay in power.
Otherwise, I will be out of a job and looking to migration instead.

Hope this helps explain why the property market is booming. Obviously if there is no demand, there wont be enbloc and enbloc only applies to condo I think.

Regards
Property agent

Generally, most singaporeans change cars every 3 years, so in 12 yrs, they would have gone thru 4 car ownerships. For a 3 yr depreciation on cars (Jap and Conti), it can range from $30K to $100K per yr, so go figure how much money can be lost in 12 years, just having a set of wheels..

Youngsters these days are out of touch with reality and I think this recession, hopefully a long and deep one, will discipline them

The youth these days are soft, borrow heavily, gamble heavily and have no sense of discipline. Too much Western influence and start behaving like Americans who always spend beyond their means

In the 1985 recession, graduates could not get jobs and had to take $400 a month salary and this was when there was only one NUS

Now everybody has degree. A long and deep recession is good for the well being of the country