As for the question, "Who will blink first?", I opined that as long as buyers have money for the high down payments and access to financing for their properties, properties will continue to be bought and sold at a price premium. From a cash-rich investor's perspective, it still makes sense to buy a property for rental right now. As even though the yield could be as low as 2 percent, interest rates that banks are currently giving for cash deposits are comparatively much lower. Full story
OPINION: Buyers versus sellers: Who will blink first? - Getty Goh
As for the question, "Who will blink first?", I opined that as long as buyers have money for the high down payments and access to financing for their properties, properties will continue to be bought and sold at a price premium. From a cash-rich investor's perspective, it still makes sense to buy a property for rental right now. As even though the yield could be as low as 2 percent, interest rates that banks are currently giving for cash deposits are comparatively much lower. Full story
