I think these trends are signalling that we are near a turning point in the property bull market. The insiders are turning cautious while the "man on the street" average investors are still rushing in. Middle income families are rushing to buy high-priced HDB flats and mass market residential properties and small-time investors are snapping up "shoebox" industrial units with a fairly ambiguous rental market.
At the same time the wealthy and developers (the "insiders") are turning cautious on the market, and the weakening global economic situation means that the yields of the industrial and commercial properties could be at risk. Full story
