TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Confessions of a Bubble Boy

Category: , Posted:10 May 2013 | 06:00 am

It's a strange bizarrism that today is today and tomorrow is tomorrow, no matter if it's this very minute or ten years later.
I'm sitting sky high and the the pilot has taken a sharp left out of Kuala Lumpur heading to 37,000 feet. Soothing the savage beast is sounds of the Arctic Monkey's "Suck It and See". It's loud and noisy but not nearly enough to muffle the sounds of the jet engine, which is oh so close, and oh so far away. Brick by Brick goes the next track as I try to recall if Malaysian Airlines serves alcohol.
My inner beast, longing for a tasty beverage turns to thought of all things bubble. Not that silly singer Michael whatever his name is (I can't recall and the lines all tend to blur anyway when it comes to suit-wearing youths trying to do a Sinatra), Sammy, Dean and the Rat Pack would sort him out in short order.
During my travels through Asia this year at various real estate and hospitality conferences one topic that often comes up in softly spoken tones, generally behind closed doors, is concerns over an impending property bubble.
Developers of course fear the bubble in a huge way. More so than cheating businessmen fear their wives or tepid travellers garner sweaty palms whenever bumps start to shake things up on a rainy nighttime trip to nowhere.
I like the bumps. Bring it on. But the larger world of institutional capital, stock exchange and bankers live in terror of the unknown. Life must be scripted and don't deviate from the plan. Singaporeans know such a scenario all too well.
Ah, my mind drifts as I spot wine bottles being rolled down the aisle by the tropical clad flight attendants. Drinks are on the way, yet the menace of overheated property markets gone mad with success and greed continues to find its way into my subconscious.
Sadly in the west, those colonial misfits who remain living in the past have cast great sheets of bubble wrap across their own landscapes and now have reverted to dinosaur mode with the impossible task of popping each and every bubble. It's not going to happen, no way, despite the gigantic feet the size of a largish SUV.
Asia's more highbrow, mature, stabilised markets have of course brought in a few ice cubes to chill out surging property speculation. While the guys in the emerging markets, hell they take their drinks straight and are out back downing shots like there is no tomorrow.
Clearly the fear of the bubble remains an underlying concern and as the big machine known as property pumps long into the night, the inference of a too far, too fast bubble effect remains only a reality to those sorry paranoid souls who worry about global warms and true democracy.
My own fears go much deeper. Will Bella the flight attendant be back for refills before we descend into the carmageddon traffic chaos of Jakarta? Did I pack my black shoes for tomorrow's conference or will I have to don the same black slippers I am wearing on the plane?
I don't want to be the one who popped the bubble, but if all else fails I may just have to wrap my feet in that bubble wrap tomorrow and hope for the best.
And yet, no matter what – tomorrow is tomorrow and today is today.

Other News

Read more

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
Read more

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
Read more

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
SiaJai logo

Thailand's Leading Homecare Marketplace