Referring to the topic, I think the price will be stagnant/increasing subject to gov policies & economy performance. Not really a chance to drop.

According to my father, the price has been increasing all these 30 years except it went down for a while in 1987,then shot up all the way until this year. A double - storey bought for 140k back then was sold for 600+k this year despite the drop in 87. Ofcoz the price is increasing crazily only in these last 4 years.

According to Milan Doshi (property market cycle) , the price goes upward, stagnant for a short period, then climb again.

This post has been edited by clarence1986: Aug 21 2013, 03:32 PM