I take having a piece of property in Singapore as a hedge against inflated asset prices. It is a form of tax imposed on the citizens. So long as you hold on to passport, there is no way you can have no exposure.
If you all try to sell, your so called asset falls.
I think we must find a balance to "milk" the system.
Depending on your circumstances, a look at our neighbours is not a bad idea as the asean area is the next wave.
Like all things in nature, there is a way to do it. You may agree or not agree and with it the reward and pitfall.
The era of one way up for Singapore is over. The American crisis is not over. It is frightening. It maybe just be the beginning. USD1440trillions of OTC derivatives cannot see the light is still buried in the Shadow Banking system.
So long as there is no innovation in Singapore and with present policy , there is no hope.
In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists.
–Eric Hoffer – Longshoreman, Philosopher