OCT 8 — Property investment has become so attractive to so many people here, it seems, that it may actually have reached the point where it is increasing risk and crowding out other investments that could be better for the Singapore economy.
One challenge of the focus on property, then, is that a large swathe of Singaporeans may become too dependent on residential property for their financial security. If anything negative happens in the Singapore property market, that security is at risk. The aftermath of the housing bubble in the US shows how severe the risk can be.
Putting so much money into residential property investment may also stifle entrepreneurship and innovation. Full story
