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The flipping of off plan real estate as a short term money making opportunity has been the name of the game in Singapore since before 2005 fueled by such very popular proven practices in the USA, Europe, China, HK and more recently the UAE this short term attitude to real estate investment is the cause to what may become a long term problem for average Singaporean families who are just simply attempting to get higher on the property and social ladder, basically the Singapore private property market has priced the majority of Singaporeans and PR's ( Permanent Residents,) out of the market place, making the dream of the private condo and landed detached/ terraced home purchase, a luxury which will now only be enjoyed by wealthy foreigners and very few cash rich Singaporeans.
With thousands of brand new condos due kopar at newton price to be built in Singapore in 2011/12 we also have to ask ourselves, "Who is actually going to rent these properties?" As we must assume that most have been purchased as an investment and whilst the option of flipping the property on to a new buyer has now depleted this still leaves a lot of investors with bank loans to re-pay and plummeting rental levels to cope with.