By Property Soul (guest contributor)
The Easter holiday celebrates the resurrection of Jesus Christ from death on the third day, a critical belief in Christianity. By coincidence, this past Easter also marked the “resurrection” of the purchase price for a private property bought in the mid-1990s by a friend of my father-in-law, i.e. the current market prices have finally recovered to the level that he bought it at.
I am not surprised that it took him almost 20 years to break-even. I just wonder how many people are comfortable telling others how long it took for their overpriced property to “return to life” again.
Why the Property Price Index can be deceiving
The URA’s Property Price Index (PPI) shows that the property price peak in the second quarter of 1996 was surpassed by a new high sometime in the middle of 2010. However, the PPI is an index that ...
