Agree. What the government is doing will only help to curb development, not demand because demand cant be controlled; population will increase exponentially; say back in the 80's 5 million adults gave birth to an average of 2-3 kids; by now there'll be 15 million adults getting married and will continue to give birth to like say, 20 million kids. Population is ever growing and land supply is constant. We observe the trend of more young graduates moving out of the rural areas to the city too, note that this number will only gets bigger. Eventually, one will need a home. Affordability is an issue hence when property prices increases, adjustment need to be made on our lifestyles > cutting on entertainment /cheaper cars/.

I ask myself la, If I dont have enough money, I can live with cheap cars, public transport, cheap meals etc etc but I cant live without a house. So the trend forward, a bigger chunk of ppl income will go to home repayment instead of oth nonsense. Hence, non- necessities industry (luxury cars; premium entertainment outlets/eateries, beauty saloons) will suffer more.. just my 2 cent la

join income with spouse lo..thats what everyone is doing now i guess. gone are the housewives day
and more young ppl will rent..and only buy later..