By Getty Goh
Not too long ago, I wrote two articles to remind readers that the property market is cyclical and that a correction was due.
In the recent weeks, we have been receiving a series of bad news from the stock market as well as the global economic outlook. Some of the negative news includes the US debt ceiling debacle, the downgrading of US credit rating from AAA to AA+, Singapore government lowering its economic forecast and the increasing concerns of a double dip recession.
With so much bad news presently in the market, it seems like conditions are ripe for property prices to drop. If a property market contraction actually happens, the main question on many investors’ minds would be how long the downturn will last and when they should jump into the property market again.
How long did past downturns last?
To give you an idea of ...
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