Re: The Elusive Canadian Housing Bubble
Housing prices in Singapore have gone both up and down during different periods in that long time frame. The recent escalations, post-2009, have been both rapid and have set all time new record high nominal prices. This has come in spite of the Singapore government's very significant regulations (in the past 6 years) to dampen the property market, including restrictions on LTV for both first and multiple home owners, minimum cash down payments, and stamp duties on property purchases.
The present period is the second great bubble run up, the prior one being in the early 1990s, that busted dramatically about 1996.
Originally posted by touchring
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The present period is the second great bubble run up, the prior one being in the early 1990s, that busted dramatically about 1996.
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