Hi,
Based on historical trends of wars that happened in the recent past, the answer to your question is: there will not be much impact to the property market in Singapore should a war break out between the Koreans.
In fact, based on deduction, the property market in Singapore will rise further. Should a war break out, the property market in Hong Kong, Japan, and China will be greatly affected because of their proximity to the Korean Peninsula. Singapore, on the other hand, is too far from Korea to feel any adverse effects.
If investors cannot invest in real estate in Northeast Asia (Hong Kong, China), where else do you think they will go? Of course, the clear answer is Southeast Asia (Singapore).
If anyone is waiting for a war to break out in Korea so that the property market will fall, I believe it will be futile.(And they should not be gleefully waiting for bloodshed so that they can make a killing in property)
And if anyone is thinking to sell their property because they fear war is imminent, I would advise them to think rationally and consider clearly if they really think the property market in Singapore can fall because of a war that is far away.
In any case, tensions are high at the moment but I believe no nation will want war(esp. the world powers and neighbouring countries). They will do their utmost to prevent war.
Thanks!
Regards,
Richard Wan
Black Diamond Real Estate Group
richardwan@live.com
94363793
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