Greedy owners

An article was featured on the money page of Straits Times on Monday 1st of June. Owners are raising their asking prices as they think there is an uptrend coming. Today PM Lee warned that the recession is not over. Either one of the two parties is wrong. I think our PM is right. In my opinion the Singapore economy is being propped up by the government. The SPUR program is keeping retrenchments to a minimum. If people are losing their jobs, how are they to buy real estate? My advice to agents: Educate your sellers. My advice to sellers: Wake up from your dreams. The reality is that you have to sell at market valuation if not you risk not being able to sell your property. If you are not an urgent or serious seller (ie. you do not have to sell to free up cash) then please wait for the economy to recover before placing your property on the market. Buyers behave similarly. Anything left on the "shelf" for too long will be deemed unwanted. Do you want this to happen to your property? Reality: There are still more sellers than buyers.