Absurd housing prices

Though I have moved into my bedok 4 room resale flat, exactly 1 year, I will still kapoh by checking the prices in property guru.

Recently saw the areas around my place putting up prices at above 500k for 990 sqft. In my mind, if i have 500k, I would rather spend it on a 94 year resale Bto unit than ours which only has a remaining lease of 50plus

years.

Something isnt quite right and plus the Fed is expected to increase interest rates a few round this year, the home loan rate will only get higher. There is a real risk of not being able to service mortgage bank loans. Gone are the days of zero interest rates.

Luckily when we bought bedok, we locked in at 5 years interest for this flat. I can have a peace of mind during such turmoil times as my cpf contribution is enough to cover the monthly instalment.

Seems like the bubble (stocks, house, crypto) is able to end soon. Still accumulating cash.