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Housing market set for prolonged downturn: Daiwa 04:45 AM Nov 18, 2011 SINGAPORE - The housing market in Singapore is heading for a prolonged downturn and overall private home prices are forecast to fall between 22 and 26 per cent in the next three years, Daiwa Research said. "We believe the residential property market could remain depressed for several years, triggered initially by a likely forthcoming gross domestic product slowdown (in 2012) and lingering global economic uncertainty," it said. From late next year, Daiwa said, structural issues such as the rapid build-up in unsold inventory in the primary market and vacant rental units will take centre stage and keep home prices and rents in check for several years. The mass-market segment will hold up slightly better than high-end properties, supported by better affordability and the resilience in the resale prices of Housing and Development Board flats, Daiwa said. The house has downgraded its view of Singapore's property sector to "Negative" from "Neutral", adding that "it is hard for us to see the developer shares outperforming the Straits Times Index over the next six months" despite their underperformance in the year to date. DOW JONES URL http://www.todayonline.com/Business/Proper...downturn--Daiwa Copyright 2011 MediaCorp Pte Ltd | All Rights Reserved

Anyone, will there be a problem with the car, if i turn the key to ON for extended period, say, 30min?