Dear buyer,
It is quite logical to think that since the interest rates are rising, then prices may soften, however, we will need to examine the situation further to understand how many owners maybe affected by the hike in interest rates that they are no longer able to finance the property purchase and need to sell urgently at a significantly lower than market price. I believe that in order for market to slow down and price soften, this is a result of not only a random few transactions, but a result of mass fire sale in order to effect a price downtrend, therefore if we look at how the authorities have controlled the real estate market for past few years, the introduction of TDSR to regulate the borrowings by home buyers will likely to have cushion the impact of interest rates hike a few years back. With a recent tightening of the TDSR for housing loans, this will effect provide further safeguard on the owners capability to finance their purchase, and with a more than hot rental market now going on, chances for price softening in the market is really extremely remote from my observations.
Of course, these are only my personal opinions and you may wish to look into more sources of data and information to do your own due diligence.
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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