Wildy the Journeyman (into_the_wild) wrote,
Wildy the Journeyman

:: Creeps ::

:: Creeps :: 

Having focused on the property market since last June, 
(Ever since I invested in a tiny apartment in District Two)
I see how property prices are creeping upwards
Slowly and surely. 

In the post-apocalyptic Lehman aftermath, two
Septembers ago, real estate was going for a bargain. 
In 2009, property prices continued to dive. And then,
All of a sudden, prices climbed steadily from May to June.
Then July. And August. Relentlessly upwards. 
It has not stopped since.

While I was doing my property search in May, 
I could find many listings in River Valley going for $800k. 
Now all of them are going for more than a million.
In spite of this, luxury homes are all snapped up. 
I am sure most, if not all, units at 76 Shenton have been
Snapped up during the VIP preview today. 

Sometimes, when I drive past the many luxurious homes.
When I drive along the many branded cars on the roads, I think about
The many rich and well-to-do Singaporeans that exist amongst us.
There must be a lot of them around. 
I wonder how they arrive at their current wealthy status. 

I then ponder over what it takes for the average Singaporean
To accumulate enough capital in order to invest in such a home.
It must take one many decades to make such an investment! 
Nevertheless, for the average Singaporean, like me
(and perhaps, you, too), it is never too late to start
Saving the pennies for that dream home. 

And honestly, will home prices 
Fall again? 
I wonder.

Tags: musing

  • A Complete Quantum of the Seas Experience

    Since the last Royal Caribbean Cruise trip ended abruptly with a COVID scare, I was determined to use the cruise credits for another trip before the…

  • :: 2016 Trip to Rajasthan, India ::

    :: 2016 Trip to Rajasthan, India :: My most recent trip to Rajasthan, India was a fantastic trip for me. It reinforced what I decided to set…

  • :: 但願人長久 ::

    :: 但願人長久 :: 明月幾時有, 把酒問青天 不知天上宮闕, 今夕是何年 我欲乘風歸去 唯恐琼樓玉宇, 高處不勝寒 起舞弄清影, 何似在人間 轉朱閣, 低綺戶, 照無眠 不應有恨, 何事偏向別時圓 人有悲歡離合, 月有陰晴圓缺 此事古難全, 但願人長久, 千里共嬋娟…

  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.