Whoops, missed that liked.
There are many - due to conditions placed on developers when buying property, they need to build and sell the units in a specified timeframe, otherwise they have to front the costs themselves. There's a build up in inventory at the moment in SG and December showed new home sales at their lowest levels in five years.
Aus loans are generally 25 / 30 years in length and SG rates usually kick up after around the third year (a couple of years ago they were trialling 50 year mortgages... which the govt wisely put a stop to).
You are able to borrow in different currencies, at lower rates. In HK, you can borrow in HKD or USD at rates between 2% - 3% at a 70% LVR. Though, this opens up exchange rate exposure.
A falling Aussie dollar does have positives, such as more Aussies holidaying and spending more money with the Aussie economy (instead of going abroad) and it makes it a cheaper holiday and education destination (and also helps the local manufacturing industry, which was hurt when the Aussie dollar was above US parity)... and property becomes relatively cheaper, too. Aus also has a very strong migration rate and a dropping rate of people per household - meaning more demand for property.
I agree - Singapore is a well run (and transparent) economy and will do well in the long term. I like the buying opportunities available at the moment, being at the bottom end of the market, meaning opportunity for an upswing.
I like both destinations, but not all options in either!