singapore authorities aim to curb property boom
News Posted On: 14 September 2009
The Malaysian Insider has an odd property article today. Apparently Singaporean authorities are trying to let steam out of a too-fast-growing housing bubble. But wait – didn't we just pop one of those? How is it that prices are rising so fast that the term 'overheating' is being heard again already?
Ours is to reason why. It is required that we examine the big picture.
Many cutting edge investment advisers, some would say deep insiders, like Peter Schiff and Jim Rodgers, have relocated to and/or are recommending investing in Asia in general and China in particular. Your correspondent sees this global redevelopment not solely as a random affair or the product of organic business growth, but as part of a Grand Design for the 21 st century, in which to put it rather bluntly, the first and third worlds are to be no more. This century will see a general levelling in living standards across the globe, driven by trade and treaties. If I do not see a global currency in my lifetime I will be surprised.
Therefore, as the focus of the World Order moves inexorably eastwards, properties in Asia and China are being sought by investors front-running this seismic shift. Asia offers not only paradise islands galore and wall to wall golf courses, but now also the possibility of competing with, and perhaps overtaking New York, London and Frankfurt in the financial services sector.
Already manufacturing has largely departed from the first world.
Meanwhile we are told in The Malaysian Insider , 'Home prices in Singapore have soared in recent months, with transactions hitting record monthly highs, as buyers flock to showrooms for new apartments.'
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