By Mr. Propwise
It’s that time of the year where we sum up what happened in 2012 and peer into 2013 to divine where the market may go. While I’m not a fan of forecasting (the type that says “the market will fall by 5% in the second quarter”) because I believe that the future is not knowable with any certainty, I do think it’s important for investors (and really anyone looking to buy a sell a property) to take stock of where we are in the market cycle and analyze the factors that affect the supply and demand of property to make a good decision.
A quick summary of 2012
We had two additional rounds of property control measures by the Government in September and October 2012, aiming to cap the proliferation of shoebox units and tighten mortgage financing respectively, bringing the total measures to six since the first ...
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