I received this email from a reader and provided my take on the situation:
Reader's email:
Dear AK,
I have only recently read your blogs and I must congratulate you for your passion and energy in keeping up such an engaging community going.
I have been in Singapore for a little over two years and am renting a condo with my family of four. I had applied for Singapore Permanent Residence but that hasn't come through. One of my intentions after becoming a PR was to buy a condo but obviously that has to wait (with all that one is reading about on prospects of property market in the next 2-3 years and the supply glut...I am just beginning to think may be that's a blessing in disguise :)
With the above intention, I've been keeping my money in rather safe but unattractive bank Fixed Deposit. Now that am not buying at least for another ......