Hi Ravi,
There are a few schools of thought in the Market now.
1. Investors believe that there will be an impact to the property market due to the impending US debt crisis in the coming months. They expect to get some properties at a good price around that period before the prices goes up again.
2. Research has shown that property prices in Singapore has nothing to do with demand vs supply. It is affected mainly by market sentiment. In an added note, even with the new developments in the pipeline, it will only serve to soothe the pent up demand in the market as of now. And after the properties are completed, there will still be no over supply based on calculations.
3. There is over supply in the market and the prices should drop. Regardless of how the market behaves over the next few years. (this is believe is the least of worries due to data shown in part 2).
I would advise my clients to buy based on past performance of the developments. You would also want to take the rental and cash ROI into considerations.
Feel free to contact me if you need any other advise, cheers.
Ken Tan
96461490
Huttons
more info, go to www.96461490.com
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