Kitchen Culture backs out of property joint venture
Kitchen Culture has decided not to participate in a property joint venture. Most probably, it has read the tea leaves and sensed that a property crash may be right ahead in a few years time, making it unwise to commit funds at this moment. City Development straight talking CEO, Kwek Leng Beng has warned of an oversupply of residential units in 2014-2015. When even property honchos get worried, we should be worried too.
Those complaining of high condo/resale flat prices may finally be getting their wish fulfilled.