Asked by Anonymous
How is the property market in Singapore now?
218 views
2 Answers
Hi,
This is a very constructive question, which I believed a lot of people are interested as well.
There are lots of factors affecting property price. There are macro and micro level to determine.
Because you are not buying the land or whole condo, or even the whole stack. Thus even on macro level gives you an indicative on the timing, you still need to seek for the right unit on the right floor and right facing in order to gain from it.
Let's focus on the high level:
1) GDP vs PPI: these 2 indexes are closely correlated if you do an anaylsis on this. They are not leading one another but co-exist, thus looking at current low GDP rate, the timing is right to enter.
2) STI vs PPI: Some people use this as an indicator, and felt that STI leads PPI, but I have different opinion. Since TDSR implemented. Gov policy over-ride this trend, and felt that monitoring these 2 index does not reflect a correct trend.
3) Transaction volume vs PPI: These 2 indexes does gives us a good indicative. From the current primary & secondary market, it is moving towards an up trend.
4) Supply: Looking at low supply of GLS & Enbloc, we are definite that price has to move upwards. Unless CEO of development compnay prepare to step down.
5) Cost: Not only due to normal inflation that caused the cost to inflate, the additional measures required from gov is also adding cost to all developers. Moreover, those that are currently construction work were halt due to circuit breaker delay TOP also caused developer to incurred additional interest from banks. There are no way that developer going to adsorb all the addition expenses. Thus it is not surpise that we will see an upward trend on the PPI.
I'll be glad to share more if you are keen to understand the current market.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer do not reach us until we scroll through each and every query posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
This is a very constructive question, which I believed a lot of people are interested as well.
There are lots of factors affecting property price. There are macro and micro level to determine.
Because you are not buying the land or whole condo, or even the whole stack. Thus even on macro level gives you an indicative on the timing, you still need to seek for the right unit on the right floor and right facing in order to gain from it.
Let's focus on the high level:
1) GDP vs PPI: these 2 indexes are closely correlated if you do an anaylsis on this. They are not leading one another but co-exist, thus looking at current low GDP rate, the timing is right to enter.
2) STI vs PPI: Some people use this as an indicator, and felt that STI leads PPI, but I have different opinion. Since TDSR implemented. Gov policy over-ride this trend, and felt that monitoring these 2 index does not reflect a correct trend.
3) Transaction volume vs PPI: These 2 indexes does gives us a good indicative. From the current primary & secondary market, it is moving towards an up trend.
4) Supply: Looking at low supply of GLS & Enbloc, we are definite that price has to move upwards. Unless CEO of development compnay prepare to step down.
5) Cost: Not only due to normal inflation that caused the cost to inflate, the additional measures required from gov is also adding cost to all developers. Moreover, those that are currently construction work were halt due to circuit breaker delay TOP also caused developer to incurred additional interest from banks. There are no way that developer going to adsorb all the addition expenses. Thus it is not surpise that we will see an upward trend on the PPI.
I'll be glad to share more if you are keen to understand the current market.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer do not reach us until we scroll through each and every query posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
WhatsApp me at: ABLE Toh (65) 9856-9255
or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
(1) "If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)
*** You can reach me at my Singapore mobile: (65) 9856 9255 or email me at Able.selling@gmail.com.
***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!
NEW Launches Condominium in 2025 , call , whatsapp me FOR BEST CHEAPEST, LOWEST PRICE: Read More
----------------------------888--------------------------------888--------------------------->>>
(1) "If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)
*** You can reach me at my Singapore mobile: (65) 9856 9255 or email me at Able.selling@gmail.com.
***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!
NEW Launches Condominium in 2025 , call , whatsapp me FOR BEST CHEAPEST, LOWEST PRICE: Read More