In my article on HDB, I said, it's still reasonable for a Holland V's 3 room flat to go down 20%. Apperantly, I am not the only who feel that way.
http://www.economist.com/node/16542826?story_id=16542826
I don't know how Economist derive their numbers, but hey it's the economist. Anyway, Economist indicate Singapore's property is 20.3% overvalued and Australia is 61.1% overvalued. Maybe I should stop keep track of MacarthurCook PSF. Japan is the most undervalued, at 34.6%. What does this mean to Saizen?
When I was a college boy in US, me and my friend rent an apartment to live. Unlike in Singapore, these apartments are not usually own by individuals, but operate by a corporate company or in my case operate by college. It's actually quite normal in the US. Singapore also has apartments operate by companies, but its usually service apartments which is quite expensive. Anyway, I like Saizen's business model and we will see if they can re-start to declare dividend on 26/08/2010.
interesting insight! i din know you are a fan of the economist!
ReplyDeleteThanks for dropping by.
ReplyDeleteI am no fan of Economist due to their liberal views on some of the issues since I believe in trinity God. But, I do share most of the same values with them like free trade, democracy, and etc.