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Hi ,
I am currently in rental and planning to buy property in the terrace punggol ,but i am not sure if the property current price in at its highest and is there any change to come down by this year because of worldwide impact.
Thanks in advance for suggestion..
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7 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Dear Sir/Madam,

Hi, I am Brendan!

Analysts are predicting home prices in Singapore to remain high this year due to supply and demand issues, as well as increasing construction costs.

We can also see from property price index that home prices are always on the rise throughout the past tens of years. On hindsight we can know the high and low periods.
Property price may seems high right now, but no one know for sure what will happen next.

You also have to consider your current needs for a property. Rental is also on the rise, does it makes financial sense to buy instead of renting?

If you will like to know more and have some data insights, pls contact me at 9754 5207  .
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay, ERA
 +65 9754 5207 
wa.me/6597545207 Read More
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Good afternoon,

I would think generally the property market in Singapore is very well regulated and price is influenced more strongly by government and its policies. Even if there are recessionary conditions, I would think the impact will be uneven and not all sellers will be greatly affected as households have experienced stronger median incomes and owners have built up enough savings over the years and are not overleveraged due to TDSR policies. Also the government does have quite a number of levers (cooling measures) that they can adjust and recalibrate to improve demand if the need arises. Terrace EC owners also enjoyed a good entry price 5 to 8 years back which means it is unlikely to see firesale units. Any negative sentiment may just result in slower price growth or at most in a single digit % correction, and may not even materialize.

Whereas from your perspective, it is more likely rentals will continue to spike. It may be better to purchase now while your attainable loan amount is still sufficient.

Just my 2 cents. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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When developers are still buying in land at record prices, land being the most fundamental and only resource in land scarce Singapore will unlikely see any major downturn in terms of pricing. Most landed home owners will refrain from selling in the event when market is back and hold off the sale, given that most landed owners are using the properties for own family stay and not for speculative measures. They are likely to continue staying in the property until the downturn is over.

I have been very active in landed homes transactions over the past 14 years and the above is what I have personally experienced, and if you are intending to catch the market on the low, basically what is available for sale can also be limited. Unless you are able to commit to a purchase without viewing but decide only on pricing, then I reckon probably you can wait. If you are buying for own stay where it is for the mid to long term plans, then entering now or later is not going to make too big a difference as you will very likely ride out any downturn over your holding period.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Geryl Lim
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Appreciate your sharing, base on current strong market due to indicative from Gov land sale and Sing dollar is strong in the market. I advise you to do your sums and enter soon before it is beyond your reach.
Welcome any questions at 9696 4398  via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers Read More
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Tan Pei Cheng (Pei)
Hi ,
I would be glad to assist you.
Feel free to contact me @ 97100155  or https://linktr.ee/peiproperty.
Hope to hear from you soon.
Pei @Propnex Read More
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Robbie Chen Chee Howe
Hi,

Nobody will be able to predict the future prices. But what I know for sure is that you are bleeding more money on rental the longer you delay your home purchase. If you're Singaporean, it doesn't make sense for you to rent a house instead of buying it. Even the SPRs are forking out ABSD to secure their first home, what more a Singaporean?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 
PropNex Realty Read More
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