Singapore authorities warn nationals about foreign real estate investment

[totallyproperty]

The Singapore authorities have seen a massive outflow of funds as more and more investors look overseas for their real estate purchases. This was a direct consequence of the rising price of Singapore real estate, prior to the ongoing downturn, and the authorities have now warned investors about the risks of overseas investment.

Will Singapore investors now turn their attention back to their local real estate market?

 

[JonasSmith]

That is probably the purpose of the political rulers. They are always so short-sighted in real estate transactions.

 

[pis]

many are still watching the property trend...this explains why the trend is down for consecutive quarters

 

[dasimond]

Well, it is always advisable to know what you are buying, be it property or anything else.

Like property in England, with them out of Euro, pounds falling, is it a good time to make a purchase? Well, it depends on your risk appetite, knowledge, how much $$$$$ in your pocket.

Therefore, it can be a good time to make a purchase now as thing seems to be in the low side. Some may feel it is not yet as things could gets worst.

Who will be right ? well, times will tell.

 

[Longterminvestor]

I always think it is dangerous for politicians to get overly involved in what should be "free markets". Investors don't like being told what to do!