Lately, analysts from Moody's say that charting the property price and GDP shows that prices are in line with growth, yet some people thinks that prices have run up too fast (recall the record setting price for the Sentosa Cove bungalow)
Even bankers have divergent views, some saying asset bubbles are forming across Asia while others say their loan book is strong.
Personally, I'm a chart person, what was previously at a peak can go higher and watch out for parabolic rise just like the '97 peak. Recently prices have plateaued, building a base for the next leg up? Correction? Love to hear your thoughts.
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