The number of articles in the newspapers and the recent highlights on the property market is really giving me some adrenaline rush to find out where we are in the property cycle. Just like property stocks, I believe private properties are cyclical in nature as well, meaning there will be ups and downs.
If you refer to the PPI in URA website , I think we are not far away from the previous peak in 2008 and 1996. From chartist's point of view, we are near resistence level. When you are near resistence level, you need more buyers to help to push the price past the previous high. The next few quarters should be quite interesting for property market.
Disclaimer: The content in this blog contains purely my personal opinion and it is in no way a substitute for professional financial advice. You should seek advice from a professional financial advisor with any question regarding your financial matters.
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