6 Answers

Is your friend also looking to purchase a property?

Question here is, if you come across a dream house, priced ideally within your financial means, would you rather give it a miss because price is coming down and allow others to buy this unit? When 3rd quarter comes, you do not find anything ideal and has to settle for something less than ideal?

Did you friend indicate how much more will the price be sliding? 10%? 30%? 50%? It is very important to justify such remarks with statistics and analysis, especially so if he or she is not intending to purchase or sell any real estate, whether the market moves or not will have little or no impact.

If you have a genuine need to purchase and have come across a right home with right pricing and attributes, I do not see why you should give this a miss.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
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Edvan Lee CK 李钊昆
It is literally a million dollar question. The question you have to ask yourself, if prices did not fall and start going up, am I ready?

If you would like to have a more objective discussion, let's meet up for coffee. I am reachable at 8424 1222  . Happy journeying!

Sincerely,
Edvan Read More
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Hi,

You might want to hear from your friend also his reasons for saying so and has he bought any property in recent years.

It depends on the location (OCR? RCR?) and sub category of private property (new launch? resale? Or size?) you are looking at. The government has reiterated many times that it is looking for a soft landing of the private property market and will stand by to intervene if prices drop too sharply and quickly. Although past 14 quarters have seen fall in prices, it has been marginal.

If you have specific location & requirements, the same unit may not appear for some time. Perhaps I can hear more about your plans to offer more objective inputs?

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

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Robbie Chen Chee Howe
Hi,

I'm not sure how well-connected is your friend, that he can influence housing prices.

In my opinion, nobody can tell for sure 100% prices will rise or fall. Unless your friend is LHL or Donald Trump?

I have seen countless times, smart people trying to time the market, and end up not being so smart afterall.

Most importantly, ask yourself what is your objectives of the purchase. Are you comfortable with the purchase? Should the market really fall after you purchase, are you able to hold it for the next 3 years?

If your answers to the above 2 questions is a NO, I will strongly advise you not to purchase anything, because you're just not ready for the commitment.

Property investment is a mid-long term game now. Gone were the days where you can buy today and sell tomorrow. We have a 3-year SSD locked-in now, so any purchase, you will have to hold it a minimum of 3 years to avoid the penalty.

Let me give you a scenario (where property prices weakened in 4th Quarter 2017 and crashed in 4th Quarter 2020):

June 2017 Price $1,000,000
Dec 2017 Price $950,000
July 2020 Price $1,200,000
Dec 2020 Price $1,000,000

If you know the above will happen, at which point would you buy your property today? In June 2017 or Dec 2017?

Ultimately, what I'm trying to say is, it matters is not when you purchase, it's also about when you sell the property.

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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Hi, in fact it is totally the other way round. Base on year to year transaction, HDB as well as private properties are moving up!

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

It is wise of you to seek the opinions from professionals like us. We are in the market and we are more aware of the current sentiments as compared to people who are not in the market.

Sentiments can usually be determine by the numbers of calls I receive inquiring about my properties on sale or the number of viewings that I conduct every weekend.

Sentiments are improving as more buyers are coming back to the market due to the fact that ABSD is here to stay and the govt has recently relaxed the cooling measures by cutting short the SSD from 4 years to 3 years. In a low interests environment, more buyers are entering the market to purchase a property. Developers are also bidding aggressively for land as seen the the last few Government Land Sales program. They are replenishing their land banks in view of improving market conditions.

If you have holding power, the earlier you enter the market, the higher the probability to make a good profit PROVIDED you purchase the right product.

Please feel free to contact me so that I can understand your objectives better and based on that recommend you some suitable products!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
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