This is a continuation of my previous post.
The chart below shows you the various government measures. It is interesting to note that the government has implemented 5 rounds of cooling measures since 2009.
I am not sure how MS came to this conclusion but they are expecting residential price to tall by 13% by Dec 13?
In my mind, I was expecting the consolidation and correction (if any) will probably take longer and will hit the 180-200 levels only in 2014-2015.
To reach 180 levels in such a short span of time, you will need sentiments in the property market to become really bearish and i can foresee that happening only if we have another Lehman like crisis. Perhaps another "too-big-to fail" company from Europe or US going belly up and affecting the sentiments all over the world. That will be another Global Financial Crisis. (Remember don't miss this chance to buy should it happen again!)....
Happy property investing.