Thinking 2 Yrs back... in 2008.. many of my friends were talking abt buying Hses (mostly HDB), many were rushing to get a place even before their ROM. many were super smart but always stayed low profile in school. suddenly all these ppl were like rushing to buy HDB & Condos..
in 2008, i tot it was juz a trend.. cos everyone (the SUPER SMART) is doing it.. so everyone (THE SUPER SMART's BEST FRIENDS) else just join in to buy too... There's actually a BIG SECRET behind all these...
ME>>>With such a low IQ Brain, it took me 2 yrs to figure out wat all these smart ppl were doing..
These ppl understand that the property prices were consider very low in 2008. couples were rushing to get a place even when they knew that they can only move in 3-4 yrs later. many projects have not even started the ground work & all units were already sold!!
By the time these couples move in to their "newly" purchased houses in 3-4 Yrs down the road, their property valuation price would had easily increased by $200,000 or MORE!! If its a Private Condo, they could consider to sell it & enjoy the $200,000 Profits almost IMMEDIATELY!!
Most of these young couples buy HDB apartments.. so they will only be moving in 2011-2012.. they can only start selling their houses in 5 yrs from then... which means property prices will start to fall again probably in 7 yrs down the road.. so start saving alittle everyday for the next 7 yrs LOL!!
Hope it helps :)
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