Monday, July 8, 2013

Driverless Cars will up Property Prices

I think it has become pretty obvious that this will come to our city sometime. May be in ten to fifteen years. No more worrying about high COE. Shift your anxiety to property prices. Money not spent on cars are likely headed for real estate isn't it? The dynamics here is very different from the American cities this NYT article talks about.

Hong Kong and Tokyo would be interesting to watch and learn. These are cities where the folks don't throw silly money at cars like we do. Does it surprise us that their property values are markedly higher?

1 comment:

  1. property price in Singapore is not about efficiency

    but what gov wants

    they control supply, demand, and money