2 Answers

YT Tan (陈永达)
Hi Dilemma,

are you intending to upgrade to a new launch or resale condo?

If new launch, i foresee that you will be able to enjoy developer's discounts as a upgrader.

As for resale, I feel that prices will stablise and could slightly drop as there will be lesser investors/ speculators in the market due to the cooling measures.

If you are upgrading due to your family needs and change of lifestyle, as long as you dont buy it at a ridiculous price, I will say that it's a good buy.

Just sharing my opinion.


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Dear sir/madam,

If it is purchasing for own stay, I always say that it is never too early to purchase but will be too late. You are right that with the recent slew of measures being introduced, we will be expecting some effects, but how the effects will turn out, we definitely do not have slightest of idea. You are in a good state now simply because you do not need to make a decision now having a few more months to your MOP to meet, therefore even if you see a fire sale unit selling $1m below valuation, you can only watch this unit being sold to others.

Take this few months out to monitor the market. I will be surprised to be honest if buyers go into the market to buy if prices drops significantly as I will fear that it will continue to fall further and I have no security over the asset which I buy.

Perhaps you should enjoy the upcoming festive period first and think about this about 1 month before your MOP?


Geryl LIM
Senior District Manager/Real Estate Consultant
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Mobile: +65-81577565  /+65-92787772
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ECG Property Pte Ltd (L3009759F)
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