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I am planning to buya second property as an investment but currently i own a HDB flat thus will be subjected to ABSD. I have advice from some friends and agents that it would be best to wait till 2nd half of next year since most of them predict the price will hit the bottom and the cooling measures will be removed. Any advice?
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4 Answers

Hi,

Which location and project do you have in mind for this investment? It depends on the district's attributes and whether it has been impacted much by the cooling measures. Thanks and hope to understand your objectives so as to value-add to your plans.

Warm regards
Ivan ERA
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Dear investor,

With a pinch of salt, if we were to advise that you enter the market now against your friends' advise to hold until 2nd half of 2016, whose advise will you take given that we are doing sales of property for a living?

I believe more importantly, we need to look at the profiling of your investment. If you already have a specific project in mind that you are keen in, perhaps you should make your move now before the choice units are snapped up. Choice units of any projects are units that will generate good buyers' and tenants' interest, therefore easier to liquidate in times of needs. Units with undesirable conditions will ultimately drop down the pecking order from buyers and tenants alike.

Last but not least, are those friends of yours also planning to make their move and making plans for specific projects? In any form of investments, it is very important to make plans for it and react to the situation instead of moving along with the flow of market and be the result of market forces. If you purchase 1 day early, you make plans earlier according to the market to circumvent the situation rather than wait for another day for market to decide what you should do.

Makes sense?

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Evening,

If anyone can advice you that the property pricing will hit bottom and the cooling measures will be remove by mid 2016, I would deem that all of them are of high net worth. I don't think anyone can predict what is going to happen on the next minute. Hence, it would be ideal to purchase your second property based on your requirement and budget.

Do contact me further should you require additional assistance.

Regards
Mike Lim
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GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred Experienced SG Realtor

The selling trend will only happen when interests rate reach more than 3% per month. Punggol HDB selling at near 800K and new BTO punggok at 500K.

Pricing of HDB BTO also increasing yearly. Buy while you like the property that all. As a ordinary SC :) Nobody can tell you the future ..

Call us now, we can explore further in detail.

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