Though i also think no bubbles coming, but,  my only concern is property tax.  This can escalate at the discretion of the government when they want to curb the property speculation. You own one private property and rent out but, if you need to fork out more than 25 or 30% property tax , thats where one will get burnt.  

Does  DEMOCRACY   need  DYNASTY  EMPERORS  ????

Do  PEOPLE  want  DEMOCRACY  or  DYNASTY ????

This day will not come, sorry to be mean, you are just 1 direction day-dreaming. As some post below, pls read it. It will slow down the property prices from escalating but will not be a burst.

Together combine and partner with my friend (50-50), we bought 1 unit at Citylight near lavender MRT, opposite the Passport office, in year 2007 at S$675 psf. And collecting rental of S$4800 monthly. Today, property keep knocking doors that someone is buying at that location at S$1300 psf. Is a 100% gain, but we are happy as the rental can self-sustain the mortgage and sinking and maintenance  fees.

This friend is rich in cash, he himself also have a unit at The Sail, a small unit, in 2007 he bought S$800 psf, I scolded him for stupid as that is just a 99 lease hold same as Citylight. Today, he handsomely sit on the growth, the rental is S$6800 and the asking psf of the The Sail, you can guess for yourself, easy S$2000 and above !

Last Dec, we partner again (he 80, i just 10 and another friend 10), we buy another property at Alexander area - the designer is HK movie star Maggie's ex-french boyfriend. 1 psf at S$1000, now already asking for S$1250 psf this month.

Last month, before CNY, we partner again for the Softland condo, the old Eng Cheong Tower tear down, oppsite Citylight, (he 90, I 10), buy 1 unit at S$1050 psf, and now asking same price with Citylight (same location at Lavender) at S$1300. We just prepare and consider to sell off and not collecting the key, this is total new, no tenant yet !

I agree MBT need to step out early, not just put on a show. Eveyone read SC Global boss Simon Cheong, comments, I very agreed, if Gov put out a tender, then back-off because the price is too low, what a coward signal.Then if price now at Super high, then Gov laugh all the way to bank. 

The district 9 and  10 has yet to pick up to reach its peak yet ! 

Just share some of my thought, I think bubble is not bursting but slowing down is for sure ! 

This may be a double-edge sword. If retirees want to change to a smaller HDB unit to get cash for the retirement may not enough when their children have their own flat and family.

PRs are "meng long guo jiang". They work hard, more entreprenuer and daring (note that the Australians do not like Asians to work so hard in their country). Before 1995, PRs were not allowed to buy HDB from open market. Many of them were forced to buy private properties. 1 Pr bought one for $400K in Mohd Sultan area in 1986. When he retired in 1996, he sold for $1.3 million. He went back to Msia. Many Prs have private property as well as HDB bought from open market, while many locals of same salary bought directly from HDB, dare not to invest in private property.

Prs who are concerned with their children's education and safety will not stay in JB if they have flats here.

Locals can start off to buy directly from HDB using only CPF for loan repayment. Then save money to invest in private property to hedge against inflation. The banks pay interest at such miserable rate is at the mercy of the global effect that we cannot control. HDB must not act like Private developer as they have a duty to help the young local couples tohave a roof so that they are more willing have children/ more children/ at the younger age. Cut down the waiting time to less than 2 yrs.

I think we need politicians to improve our lots, not to jam the highways and crowd the carparks. The Elite can rule only if they serve our ends, not their ends. 

OBAMA  CHANGED  USA  and  the WORLD  in 2009.

someone told me  SINGAPORE CHANGED  during the  LAST ELECTION.

SCHOLARS  are no longer the CRITERIA  for  potential MP  SELECTION.

i was told there are now quite a number of nOn-Scholar  MPs  in  Singapore.

Also,  when the Opposition  recruited  SCHOLARS  in 2009,

some  VIPs [forgot who they were]  warned  that:

TiME  had CHANGED.

SCHOLARS  are  nOt  the BEST candidates  who can  SERVE  the  PEOPLE.

implying  that Opposition had recruited the  WRONG  STUFF.

ALL these  are just  their  Opinions and may be personal.

TiME  will  TELL  the  TRUTH 

[TiME  does  not  LIE  and  cannot  HIDE  TRUTH]

who  is RiGHT ?

and  who is WRONG ?

Would  non-Scholar  MPs  SERVE  the PEOPLE  BETTER?

will Singapore  RETURN  to those days with  Taxi Driver and the Like  be  MPs ?

Grass Root  People  [GRP]  are close to the ground and live the lives of the PEOPLE.

would GRP MPs  make  a BETTER  Singapore?

would scholar-EMPERORS SERVE the PEOPLE better ?

[heard that some scholars behaved like EMPERORS ????] 

TiME  will  be  the  BEST  JUDGE

From  History,  Emperors in CHINA  used to have 3,000 wives.

because they had to RE-produce 10,000 princes

moderate has ENLIGHTEN WISDOM of  the  EXCELLENT  LAO ZI  ECONOMICS  on  the MIDDLE PATH.

Property  has NIL PRODUCTIVITY.

Property  scores  ZERO  for PRODUCTIVITY  in  ECONOMICS.

that was the reasOn  why the WEST  NEVER  push  prOperty UNtil  it was all started by the EAST.

DECADES ago, the working people in US  and  Europe  preferred to live in  rented houses because property were considered as  Wasting  Assets  which  lost  money over time.   Because as houses age with wear and tear,  they cannot be worth  more.

US and European  companiess  do  buy  properties  in  Singapore.

The just lease for the same reason because they are nOt  developers. 

JAPAN  was  the  CULPRIT  who  started  the  EVIL  PURSIUT to  SOAR  ZERO  PRODUCTIVITY   DRIVE  IN  PROPERTY  PRICES.

that is why JAPAN  had fallen for two DECADES and  will NEVER  ReCOVER   UNless JAPAN RETURNS ALL the ZERO  PRODUCIVITY PRiCES back to  SQUARE ONE.

JAPAN  had the 1st Property Credit sub-PRiME 

nOw is  USA

neXt  is SingapOre ? ? ? ?