I have been trying to sum the situation for 8 months - to no avail - while prices climb. As they should cause we have inflation and low intersest rates - which makes no sense - we should have higher rates when inflation is up. But the dollar peg takes care of that.
Then there's the stock market - down 25 % - which normally lead to lower property prices - but not now cause we have low interest rates....
Flu - well I think everybody will try sit this one out - so no bargains there.
Supposed supply shortages which will push prices - whether real or not the newspapers keep saying it and people believe it.
Money from the mainland flooding in.
Its a quagmire of possibilities - Prices might keep going up - but there are issues like affordability and possible higher interest rates in future. On the other hand prices are now where they were TEN years ago - so some consider that fair.
I give up - and nobody knows. Hope that helps.