In a recently concluded Salary.sg poll, 62% of the respondents think property prices will correct within 2 years. However, 22% believe there will never be a correction. 🙂
By the way, the article that accompanied that poll was republished by CPF at their IM$avvy site.
If the current downward pressure on stock markets is to persist, there’s a good chance that condo prices and transaction volume will follow suit. The STI index ended 2.4% lower today, hitting a new low since 4 Mar. European and US stock indices are also in negative territory as we speak.
Invest wisely. Save up cash and wait for the right time to buy.