This is a continuation of the last post talking about Singapore property market's imminent crash. I wrote most of what is below before the additional cooling measures were announced. Now that foreigners, and even Singaporeans are slapped with additional stamp duties and smaller possible mortgage loans, Sky Habitat should crash faster.

So we can now see that supply should outstrip demand and Economics 101 tells us that prices have to fall. But wait, there are all these global rich people that will simply buy up Singapore right? The Chinese super rich love Singapoore. So do the Indian billionaires and Indonesian tai-tais. Not to mention Singapore's own rich people. How can Singapore property fall?

This has to be my favourite argument (and my favourite counter argument). Logically, it is hard to debunk. Yes Singapore has always been a safe haven and has attracted a lot of money. In fact, it might ...