Shakespearean Property

THE MAESTRO SPEAKS:

"Bubble, Bubble, Toil and Trouble..."

This line in Macbeth was certainly written for the stage, yet at the heart of its many-layered meaning, Shakespeare could have injected an ounce of speculative foresight into the famous line from the Three Weird Sisters.
The fiefdom of the house of Macbeth was reaching crisis point, and with the bubbling of the frenzied excitement and desperation of madmen and power-hungry warlords, the entire history of a nation was encapsulated in this frivolously naughty chant.
Fast forward a couple of centuries and what do we have? The bubbles have come and gone, and the fiefdoms of the world have been inexorably drawn into a mesmerising whirlpool of interconnected relationships, more intertwined and interdependent than a pair of conjoined twins.
The USA is still in the midst of recovery; whether that succeeds is still a good guess. China's flirtations with decoupling its renminbi from the US Dollar and its latest public relations embroilment with Google does not seem to have much of a halting effect on its overzealous economic effervescence.
Here in Singapore, we could be witnessing the birth pangs of yet another property boom. The signs are there: long queues at recent launches, fast sell-outs, ever-rising PSFs, and new projects. The job market appears to have stabilised, the stock market presents itself as robust, and people are generally in a mood to celebrate.
Remember the quote?
The first signs of bubbles should be appealing. It enraptures, tickles the tastebuds, and sounds attractive. After that, when it peaks, be watchful and plan your strategy well. Get your portfolio in order, and restrain yourself from over-investing.
All in, that is easier said than done. And what kind of timeline are we looking at? 3 years is a good bet. But don't take my word on it. Look at the cauldron yourself, and reflect.