What would drive residential price growth?
If you were to ask me, that would be the wage growth in a country or a particular area. The second thing is the demand and supply dynamics.
If you wish to assess residential property is a good long, long term investment, it will be your mastery of this topic.
We often say that Singapore is a young country and our housing market going back to 1960, is probably 60 years old.
We have been through a period where the supply and demand dynamics have been in one direction and only until recently, some questions were asked about it.
As a person looking at data to shape my view about things, I am rather cognizant about how good is your conclusion depends on the data. If you have too little data, the conclusion based on the data, might not be as
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