Bubble Bubble, burning trouble, in the Couldron of Wealth. While everyone is still wondering about an uncertain future, real estate agents (such as oursleves), are running from pillar to post at nearly all property launches, with unbelievable number of units sold, sometimes before the property is launched (in the case of 8@woodleigh, Optima, Centro and Trevista). Is it a bird, plane…no it  might be….no it can’t be a Real Estate Bubble.

Or at least whatever it is, its giving those at the ministry of national development – especially our esteemed Mah Bow Tan a royal headache! Just in the space of 2 months Mr Mah had given the market some heads-up about government land sales in 2010, hoping that this news will help send much needed coolant to the heated real estate hummer.  Specu-vestors and property buyers don’t seem to bother what Mr Mah has to say. Perhaps they aren’t so bothered about  land sales. Its too far up the value-chain for them to relate perhaps.

Our government has always worked on the principle that the market will correct itself in time, and in due course, the market will take into consideration economic factors and variables and re-align supply and demand, the most recent move seems to be a supply-side manouver. Unfazed buyers are still showing in droves at showflats, and activity has also trickled into the secondary market, affecting property valuations and transacted price.

Property analysts that still hold on to their contrarian opinion that property prices will come down any moment, seem to be proven wrong at this stage. But what other moves does Mr Mah have up his sleeve. Well my guess is as good as yours.