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Real Estate Realities by Ku Swee Yong

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9.

Predicting the sun will rise in the East

 

21 June 2013, TODAY

There is a proliferation of new property research and new faces in the media commenting on the property market.

It is healthy for the industry to welcome new blood but tough for new blood to prove their research worthy of public consumption. I first started to publish publicly in 2006 and one of my early pieces was criticised by both senior members of the industry and the public. It was a forecast made in late 2006 stating that Singapore residential prices would surpass $4,500 psf. Between the announcement of the forecast and the transaction that vindicated my forecast, a period of about nine months, I received comments such as “talking up the market”, “over-zealous”, “who ...

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