Saturday, January 27, 2007

High-end Property expect to rise by 20%

DBS Vickers held a talk on investment at SMU today. I cannot remember what the stock analyst presented. I like the property forecast. The only problem is high end property is out of my reach. It is expected to rise by another 20% this year. High-end properties are those in the news recently. Properties that are selling for S$2,000 per square feet or more.

The other interesting fact is HDB resale flat price is expected to go up with the increase in CPF. The 2% increase translate to $50,000 more in load servicing. So let hope for the CPF increase. I like to see house prices going up.

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