S'pore home prices still falling

[TTTI]

Hi Big Toe,
Not sure if i posted it here.

One thing we have to take note is employment numbers. For a lot of people, because they have working income, they are able to sustain low rental yields while paying the loan. A private home is like their monthly investment plan. There are many especially the late 30s-50s age group who own private condos, rent out this condos, while they live in their first HDB flat.

So even if interest edge higher, I don't think prices will fall that much. ONLY when local employment rate falls, will we see a higher fall in housing prices.

I can't agree with this statement more.
Once unemployment rate goes up, we'll start seeing the prop prices come down faster than any gov cooling measures can cause.
Global interest rate can indirectly cause that.
As many other valuebuddies have contributed here, the SG economy is going downhill fast. 
I think many business owners will be able to see and feel that on a daily basis. The unemployment is still low currently, but my personal view is that as the interest rate goes up, more of the highly leveraged businesses, or uncompetitive businesses supported all these years by cheap liquidity, will have to change their operations drastically. Many will go belly up. 
That's when the unemployment rate goes up, and consequently, prop prices drop quickly.

Lively discussion, one of my fav threads here.