The past Easter holiday celebrates the resurrection of Jesus Christ from death on the third day, a critical belief in Christianity. By coincidence, the past Easter holiday also marks the resurrection of the purchase price for a private property bought in the mid-1990s by a friend of my father-in-law. I am not surprised that it takes him almost 20 years to break-even. I just wonder how many people are comfortable telling others how long it takes for their overpriced property to ‘return to life’ again. Why PPI can be deceiving? The Property Price Index (PPI) does show that the property price peak in 2nd quarter 1996 is surpassed by a new high some time in the middle of 2010. However, PPI is an index that only shows the average price of all caveats lodged when buyers exercise their Option to Purchase. It monitors the general price movement of all private ......