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My property agent called me today to promote a 500 sq ft property selling at $950/sq ft at balestier area. He claimed that the swine flu is similar to the Sars period in which after that, it is likely that properties would soar. The property is only a 15 minutes walk to Toa Payoh MRT station, good buy best buy must buy!!!
I kindly declined his “lobang”.
To put things in perspective, the swine flu is not even 1% of Sars impact. Firstly, swine flu though contagious is not as lethal as Sars. Many people have recovered from the flu virus and it is still a mystery why people in Mexico die from it.
The global financial crisis is still unfolding, GM, Chrysler and Ford may face bankruptcy and that means millions of jobs off the table. Weak recovery is expected only in 2010 2Q.
Banks are still not lending, credit crunch is still at its thawing stage.
Property market have reached the peak 6 months ago and are now sliding slowly now. Buying a property now is akin to catching falling knives. And if you are leveraging, it means catching falling knives naked!Read more...[caption id="attachment_2289" align="alignright" width="150" caption="Photo by aussiegall"][/caption]
My property agent called me today to promote a 500 sq ft property selling at $950/sq ft at balestier area. He claimed that the swine flu is similar to the Sars period in which after that, it is likely that properties would soar. The property is only a 15 minutes walk to Toa Payoh MRT station, good buy best buy must buy!!!
I kindly declined his “lobang”.
To put things in perspective, the swine flu is not even 1% of Sars impact. Firstly, swine flu though contagious is not as lethal as Sars. Many people have recovered from the flu virus and it is still a mystery why people in Mexico die from it.
The global financial crisis is still unfolding, GM, Chrysler and Ford may face bankruptcy and that means millions of jobs off the table. Weak recovery is expected only in 2010 2Q.
Banks are still not lending, credit crunch is still at its thawing stage.
Property market have reached the peak 6 months ago and are now sliding slowly now. Buying a property now is akin to catching falling knives. And if you are leveraging, it means catching falling knives naked!Read more...
[/caption]
My property agent called me today to promote a 500 sq ft property selling at $950/sq ft at balestier area. He claimed that the swine flu is similar to the Sars period in which after that, it is likely that properties would soar. The property is only a 15 minutes walk to Toa Payoh MRT station, good buy best buy must buy!!!
I kindly declined his “lobang”.
To put things in perspective, the swine flu is not even 1% of Sars impact. Firstly, swine flu though contagious is not as lethal as Sars. Many people have recovered from the flu virus and it is still a mystery why people in Mexico die from it.
The global financial crisis is still unfolding, GM, Chrysler and Ford may face bankruptcy and that means millions of jobs off the table. Weak recovery is expected only in 2010 2Q.
Banks are still not lending, credit crunch is still at its thawing stage.
Property market have reached the peak 6 months ago and are now sliding slowly now. Buying a property now is akin to catching falling knives. And if you are leveraging, it means catching falling knives naked!Read more...
