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Does any agent think prices of property will go up in 2017? I've encountered some who think so, though most don't think so. If you do think that prices will go up, what are your reasons? Thanks!
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4 Answers

Robbie Chen Chee Howe
Hi Lionel,

Demand vs Supply is the main factor that caused prices to go up or down.

Other factors include external factors like Government intervention, and economic conditions.

There is no one person in this world who can dictate where the prices will go, not even Singapore Government or US President Donald Trump.

Singapore Government can only influence the market by introducing cooling measures to try and control an overheating market. They are "reacting" to the market condition, to stop the prices from going up further. They are not "dictating" where the market should go.

Reason is to hopefully to have "safe landing" for Singapore property owners should a recession comes about.

Rather than asking whether prices will go up or down (which nobody can give the correct answer), these are some of the more important questions you should ask yourself instead:

Why should I Buy now?
What will happen if I wait for another year to buy?
What is my action plan for the future?
How can I let my money work hard for me?

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
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  • LU
    Robbie, and so how do you answer those questions you posed? THanks.
Hi Lionel,

I believe the question is what is the best way to work on your money if you are coming in from investment perspective. If you are looking at the timing to enter the market, then perhaps it will be a case of should you enter now or should you wait further for it to come down further and pick up whatever units available for you to pick up then.

Or would you be keen to listen to how to enter the market now and project out a schedule on when you should exit. There are many seminars in the market at the moment for you to plan out your investment during such a climate. Do you think that you are able to get 10% returns from your investment after 18months based on today's climate?

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
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Hi Lionel,

It will be hard to predict future price movements and therefore some will tell you prices will go up next year whereas some opined that prices will fall.

What I can share with you is that prices have stabilized over the past few quarters with a increase in transaction volume.

This could be a sign that the market has bottomed out and it could be an ideal time to look out for bargain buys. Nobody will be able to accurately captured the bottom of the market and therefore when there are tell tale signs that we are near the bottom, it will be a good time to start looking!

Please feel free to contact me so that I can understand your objectives better and assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
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(E) nick96444854@gmail.com
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GAN ENG JOO ONASSIS
Dear Lionel,

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Just do not buy if you dun comfortable. Are you going to avoid buying property forever as long someone discourage you from buying.

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