There’s a famous saying that goes,
“History is merely a list of surprises. It can only prepare us to be surprised yet again.”
Talk about an astute saying.
Especially so when you hear the same usual comments every property cycle.
“Property prices are too high! There’s no way it can keep going up!”
“$900 PSF for Punggol? Siao, who will pay that kinda price!?”
Here’s a teaser of a property pessimist that you would usually encounter.
But look at what has happened since then, the cycle has moved on – the value of properties in Singapore has risen up and up.
For those of you who’ve been around for long enough, you’ll know that the property market operates in cycles.
This means that while you have periods of long growth, there are also periods where prices are stagnant, or worse still, dips.
Sure, you might think that property prices