IS it the right timing to invest in property now? or it is better to wait till next year?
Posted by Cheng Hong Chew on Jan 13, 2008 in Investing in Singapore | 17793 Views
Latest Answers by Real Estate Professionals (18 Answers)
Answer Posted on Jan 3, 2011
There is no "right time" to invest in a property. In the long run, property prices generally goes up. This is especially so in Singapore as we have limited land. This in turn limits the supply for properties.
In recent years, there is a lower supply for completed properties as the HDB has adopted the built-to-order (BTO) where HDB flats are built upon fulfilling a certain percentage of take-up. The meant that a new couple has to wait for several years or purchase a flat from the resale market. As a result, there is higher demand for resale flats, leading to higher cash above valuation, and then higher valuation during the next valuation period, and this continues.
No one knows if the current price is high, or if it would simply go higher. It is your personal judgement that helps you in making a wise investment. For long term investment, you are generally safe as prices goes up. For short term speculation, you have to be aware that the financing cost (interest rate) may increase significantly and monthly repayment may easily go up by more than $1000 when there is an interest rate hike.
There is also a CPF withdrawal limit that you have to be aware. Beyond a certain withdrawal, you would no longer be allowed to pay from the CPF Ordinary Account unless you have sufficient retirement funds. This means the entire installment has to be paid by cash.
Personally I do feel prices is high on the high side. The decision lies with you.
Regards,
Joe Tan
Mobile: 93372740
In recent years, there is a lower supply for completed properties as the HDB has adopted the built-to-order (BTO) where HDB flats are built upon fulfilling a certain percentage of take-up. The meant that a new couple has to wait for several years or purchase a flat from the resale market. As a result, there is higher demand for resale flats, leading to higher cash above valuation, and then higher valuation during the next valuation period, and this continues.
No one knows if the current price is high, or if it would simply go higher. It is your personal judgement that helps you in making a wise investment. For long term investment, you are generally safe as prices goes up. For short term speculation, you have to be aware that the financing cost (interest rate) may increase significantly and monthly repayment may easily go up by more than $1000 when there is an interest rate hike.
There is also a CPF withdrawal limit that you have to be aware. Beyond a certain withdrawal, you would no longer be allowed to pay from the CPF Ordinary Account unless you have sufficient retirement funds. This means the entire installment has to be paid by cash.
Personally I do feel prices is high on the high side. The decision lies with you.
Regards,
Joe Tan
Mobile: 93372740
Answer Posted on Feb 7, 2010
Greeting Buyer
1)Before you throw in your money,ask yourself what sort investor you are.
2 types: Fundamental investor & Property trader
2)Then you must understand the market
Property market come in stages
Upswing-Boom-decline-Depression
then follow by:
3)Research
You have to do research on the property that you are buying e.g location,price INDEX ,comparable bench mark & ur gross rental yield,net rental yield & Equity Dividend Rate (EDR) etc
All the best
1)Before you throw in your money,ask yourself what sort investor you are.
2 types: Fundamental investor & Property trader
2)Then you must understand the market
Property market come in stages
Upswing-Boom-decline-Depression
then follow by:
3)Research
You have to do research on the property that you are buying e.g location,price INDEX ,comparable bench mark & ur gross rental yield,net rental yield & Equity Dividend Rate (EDR) etc
All the best
Answer Posted on Nov 14, 2008
Dear Mr/Mdm Cheng,
That's a Million Dollar Question, everyone would like answered.
The answer lies on "What options do you have?".
If one gets a windfall of $2M (be it from lottery or inheritance) where should one put this $2M?
In the bank? At the rate banks are going under, we might be better off burying it in the ground (make sure its buried deep enough so that doggy does not dig it out).
In the share market? It's so volatile nowadays, can our heart take the "yo-yo" share prices, which are keeping Mr. Warren Buffet away.
There are investments which can give you a certainty of your returns and yeild, which can be calculated, for the next year or two.
Feel free to call or email me if you want to know more.
Kathy Ng
kathy.ng@orangetee.com
90277228
That's a Million Dollar Question, everyone would like answered.
The answer lies on "What options do you have?".
If one gets a windfall of $2M (be it from lottery or inheritance) where should one put this $2M?
In the bank? At the rate banks are going under, we might be better off burying it in the ground (make sure its buried deep enough so that doggy does not dig it out).
In the share market? It's so volatile nowadays, can our heart take the "yo-yo" share prices, which are keeping Mr. Warren Buffet away.
There are investments which can give you a certainty of your returns and yeild, which can be calculated, for the next year or two.
Feel free to call or email me if you want to know more.
Kathy Ng
kathy.ng@orangetee.com
90277228
Answer Posted on Nov 11, 2011
Dear Cheng Hong Chew
Are you an investor or speculator?
If you are an investor, we will help you find properties which will fit this profile. Our goal is to minimise risk and seek potential upside value appreciation specs.
If you are a speculator, you may want to evaluate what project & time frame are you looking at. Then scope the scale to what properties profile that will meet your objective. You would do good to factor in the new stamp duty for transactions in shorter time periods.
Should you have a clear idea what are your goals & objective, then please give me a call or email and we can discuss the options available in the market window you are considering. (this applies to everyone else of the same intention)
Best Rgds
Kevin
Knight Frank
Kev7711KF@gmail.com
92357711
Are you an investor or speculator?
If you are an investor, we will help you find properties which will fit this profile. Our goal is to minimise risk and seek potential upside value appreciation specs.
If you are a speculator, you may want to evaluate what project & time frame are you looking at. Then scope the scale to what properties profile that will meet your objective. You would do good to factor in the new stamp duty for transactions in shorter time periods.
Should you have a clear idea what are your goals & objective, then please give me a call or email and we can discuss the options available in the market window you are considering. (this applies to everyone else of the same intention)
Best Rgds
Kevin
Knight Frank
Kev7711KF@gmail.com
92357711
Answer Posted on Jan 14, 2011
Hi Mr Cheng
Properties are always an asset. If you feel it is not a good time to buy to stay, you can always buy for investment. Always a win win situation when it comes to the Singapore property market.
Should you need any advice, please do not hesitate to call me anytime.
Regards
Samantha, HSR
97638313
Properties are always an asset. If you feel it is not a good time to buy to stay, you can always buy for investment. Always a win win situation when it comes to the Singapore property market.
Should you need any advice, please do not hesitate to call me anytime.
Regards
Samantha, HSR
97638313
Answer Posted on Apr 28, 2008
hi Hong Chew,
There are 2 schools of Thought,
one is that it will drop, but with developers with holding power not launching their new projects, chances of it dropping is minimal, unless the subprime hits India & China badly and the effect on SE Asia will be bad.
2nd, it will go thru a consolidation for the luxury market, but the upper and mass market will continue to rise although at a slower pace.
will be glad to assist you. I have a lot of new project launches from as low as %500k with interest absorption. Do click New Project Launches on my website.
Do call or email me .
regards
Patrick Oei
Group Director
PatCondo@gmail.com
Huttons Real Estate Group
81 82 1338
www.PatrickOei.com
There are 2 schools of Thought,
one is that it will drop, but with developers with holding power not launching their new projects, chances of it dropping is minimal, unless the subprime hits India & China badly and the effect on SE Asia will be bad.
2nd, it will go thru a consolidation for the luxury market, but the upper and mass market will continue to rise although at a slower pace.
will be glad to assist you. I have a lot of new project launches from as low as %500k with interest absorption. Do click New Project Launches on my website.
Do call or email me .
regards
Patrick Oei
Group Director
PatCondo@gmail.com
Huttons Real Estate Group
81 82 1338
www.PatrickOei.com
Answer Posted on Jan 19, 2009
Hello,
It is obvious that the property market here like everywhere else is on a downtrend at the moment but then if you should ask any trader, how many could catch the bottom and sell at the top?
Will property prices go much lower? Unlikely to be significant if it does especially on mass market and HDB units.
I would say in land scarce Singapore. One has to look at Hong Kong to see how it came about since 1997.
The general landscape of Singapore is beginning to look like Hong Kong..taller buildings, smaller units, and growing population.
People are snapping up small units (400 to 600sf) because the amount of investment is less than S$1mio and have potential to yield 3 to 7% in rental (more than bank deposits).This is kind of similar in HK years ago.
Anyway, I would say YES, it is time to invest in property now especially in low interest rate environment and no other competing investments (worldwide) to look at.
Please note that the above is a personal view of the property market situation.
You could call me for a further discussion.
Best Regards
Justin
9660-9900
It is obvious that the property market here like everywhere else is on a downtrend at the moment but then if you should ask any trader, how many could catch the bottom and sell at the top?
Will property prices go much lower? Unlikely to be significant if it does especially on mass market and HDB units.
I would say in land scarce Singapore. One has to look at Hong Kong to see how it came about since 1997.
The general landscape of Singapore is beginning to look like Hong Kong..taller buildings, smaller units, and growing population.
People are snapping up small units (400 to 600sf) because the amount of investment is less than S$1mio and have potential to yield 3 to 7% in rental (more than bank deposits).This is kind of similar in HK years ago.
Anyway, I would say YES, it is time to invest in property now especially in low interest rate environment and no other competing investments (worldwide) to look at.
Please note that the above is a personal view of the property market situation.
You could call me for a further discussion.
Best Regards
Justin
9660-9900
Answer Posted on Jan 24, 2008
My personnal opinion, despite the volatile stock exchange market, there are still alot of projects going for soft launch sales. Maybe you can find yourself a good offer while the others are holding back?
Time & opportunities wait for no one. Strike the iron while it's hot. Get yourself a good bargain. Don't wait till everyone is buying then you join in the crowd. I have quite a few projects going on soft launch. Feel free to contact me for enquiries.
Email : dreamwerzk@gmail.com
Time & opportunities wait for no one. Strike the iron while it's hot. Get yourself a good bargain. Don't wait till everyone is buying then you join in the crowd. I have quite a few projects going on soft launch. Feel free to contact me for enquiries.
Email : dreamwerzk@gmail.com
Answer Posted on Oct 20, 2008
Dear Sir,
The current property market price is now went down and stagnan.Now is the time to buy because there are many choices and some posibilities to buy with good selling price.
More info for property investment, kindly e_mail me : el_natakusuma@yahoo.com.sg
With best regards,
Eliza Natakusuma
DTZ
mobile no. 9816 9780
The current property market price is now went down and stagnan.Now is the time to buy because there are many choices and some posibilities to buy with good selling price.
More info for property investment, kindly e_mail me : el_natakusuma@yahoo.com.sg
With best regards,
Eliza Natakusuma
DTZ
mobile no. 9816 9780
Answer Posted on Feb 7, 2010
Greeting Buyer
1)Before you throw in your money,ask yourself what sort investor you are.
2 types: Fundamental investor & Property trader
2)Then you must understand the market
Property market come in stages
Upswing-Boom-decline-Depression
then follow by:
3)Research
You have to do research on the property that you are buying e.g location,price INDEX ,comparable bench mark & ur gross rental yield,net rental yield & Equity Dividend Rate (EDR) etc
All the best
1)Before you throw in your money,ask yourself what sort investor you are.
2 types: Fundamental investor & Property trader
2)Then you must understand the market
Property market come in stages
Upswing-Boom-decline-Depression
then follow by:
3)Research
You have to do research on the property that you are buying e.g location,price INDEX ,comparable bench mark & ur gross rental yield,net rental yield & Equity Dividend Rate (EDR) etc
All the best
Answer Posted on Dec 12, 2009
Hi
When you say Invest in property, I belief you mean long term investment and not speculating .Yes this is the best time for long term investing in Singapore property .The Government is looking at 6 million population and with great projects like IR , I do not see any reason property price will not go up.
Regards
Jeffry
pchaider@yahoo.com.sg
When you say Invest in property, I belief you mean long term investment and not speculating .Yes this is the best time for long term investing in Singapore property .The Government is looking at 6 million population and with great projects like IR , I do not see any reason property price will not go up.
Regards
Jeffry
pchaider@yahoo.com.sg
Answer Posted on Nov 30, 2008
Hi,
Just want to tell u that where purchasing is concerned, the buying is now. (e.g. how much is a bowl of laksa 10 yrs ago compare to today)
Prices will increase because of value of money and adverse economic situation. so, your $1 now may not be the same in future.
If you have friends who studied finance, They will explain better than me. (I have a Bank VP at home). That's why I know a some knowledge of finance.
I hope my answer will help you.
Best regards,
PropertyGuru Jaime Lim (96998098)
jaime_property.myweb.sg
Just want to tell u that where purchasing is concerned, the buying is now. (e.g. how much is a bowl of laksa 10 yrs ago compare to today)
Prices will increase because of value of money and adverse economic situation. so, your $1 now may not be the same in future.
If you have friends who studied finance, They will explain better than me. (I have a Bank VP at home). That's why I know a some knowledge of finance.
I hope my answer will help you.
Best regards,
PropertyGuru Jaime Lim (96998098)
jaime_property.myweb.sg
Answer Posted on Sep 3, 2008
Dear Sir,
I am certain you have heard of this phrase, "Time waits for no one." So why hesitate? Good opportunity only knocks once. It depends on the individual's gut feel about the market sentiments. Who would expect Taksin to sell his Manchester City football club at this time? So, lets discuss, there are many opportunities out there waiting for you.
Call me at 9636 8506.
Thank you and regards
Eddie Soh
DTZ
I am certain you have heard of this phrase, "Time waits for no one." So why hesitate? Good opportunity only knocks once. It depends on the individual's gut feel about the market sentiments. Who would expect Taksin to sell his Manchester City football club at this time? So, lets discuss, there are many opportunities out there waiting for you.
Call me at 9636 8506.
Thank you and regards
Eddie Soh
DTZ
Answer Posted on Apr 22, 2008
Every time is a good time! Get all your resources ready to go in once the opportunity knocks on your door! Join me & my team to learn, share, help yourself & friends to rent/buy/sell/invest/off-load their properties!
Mary 8125 0248
Mary 8125 0248
Answer Posted on Jan 20, 2008
Hi Mdm, my contact as below to answer to your queries. thanks
Joanne Mok GRE Mobile no.: 9272 2922
Email Addr: top.realty@yahoo.com.sg
Joanne Mok GRE Mobile no.: 9272 2922
Email Addr: top.realty@yahoo.com.sg
Answer Posted on Jul 2, 2010
you show attend our tues 7pm seminar and update yourself ..it is free. www.catherinepang.com
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