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I am SPR. Currently renting. Thinking of buying now but with the high interest rate and high HDB housing price, is it a good time or should I wait a bit?
Is economic crisis will happen soon? Will that affect the HDB housing price within the next 5 - 10 years time?
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2 Answers

Hi Chwee Chen,

In general, real estate prices will continue to rise, with very occasional bleep along the way, but the bleep will not be as significant as the price increase. While interest rates are relatively higher than the past few years, it is still amongst the lowest in the world and prior to the low interest rates era, the general interest rates in Singapore has been hovering around or above the 3.6% mark from my understanding speaking with veterans in the industry, therefore if you are intending to wait before purchasing, it could be a bad idea. In real estate, we always advise clients to buy to wait and not wait to buy.

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!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi Chwee Chen,

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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