5 Answers

Ivan Ng
Hi Priscilla,

It depends on your investment objectives and your financial plan. There are quite a fair number of developer sales projects on discounts now, and I will be glad to share more with you on the value-buys. Thanks and hope to discuss further.

Warm regards
Ivan ERA
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D. Kumar
Hi,

Thanks for your query!
Well it's a known fact that investment in property can hardly go wrong especially when we are a nation in scarcity crisis. However having said that, it is apt we tap onto the better properties; with attributes that will always be sought after by investors for sale in the future or tenants for rental yield. It's key you understand the procedural framework before committing.

Perhaps you can share more on your investment objectives but most importantly the requirements ; any particular type/ location/ budget.

The first step to move ahead is always getting the finances settled.
Have you gotten an IPA done? If not done so, I can link you up with my bankers who will assist you with the approved loan , at no cost. If you have your own preferred banker, that's fine too. Following that, I will conduct the financial cash computations and progressive payments with timeline to illustrate the options you could consider.

There are currently many projects with ongoing discounts and firesales as high as 18-30%! Perfect time to leverage on the weak market before some reviewal of measures are considered. Having said that, these properties must nonetheless compliment the investment objective you have in mind, as that's priority. To give a property as an example, located in the city centre, mins walk to MRT and Marina Bay, with massive area redevelopment going at huge price cuts- 2BR below $1.5m with projected yield of 4.8%-5.3%! Such yield and PSF are unmatched in vicinity! This is just a rough guide.

Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com

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Aaron Chong
Hi Mdm Quek, it can't any worse to start investing now. Just take a look at most of the new projects, where you could see that most developers had since started slashing their prices to move their units. And so it does speaks of the weak market sentiment presently as a whole. Pls feel free to let me know if you need any other assistance.

Regards
Aaron
97308455
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YT Tan (陈永达)
Good evening Priscilla,

There's no right time to invest in property. It will be good to do your own homework and analysis before purchasing a property. Some factors you might want to take note is location, price and potential. If a property can match most of these factors, you can buy.

Btw do take note that if you want to purchase a private property, you will be subject to additional buyer's stamp duty of 7% if you are a Singaporean and you will need to set aside a minimum sum of $77.5k in your CPF OA + SA first before you can use the excess.

Hope my explanation helps!

If you need any assistance or advice in your investment, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
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Geryl Lim
Hi Priscilla,

I wouldn't say it is best or worst time to invest. There is no doubt about the weakened price in condo, but rental prices are also depressed therefore if the mode of investment return you are looking at is through rental, perhaps you may wish to relook into your plans. If you have long term plans moving ahead (especially with the influx of brand new condos which have and will be released into the market), perhaps getting a freehold property with reasonable rental existing maybe a sound investment plan to get ahead, since capital appreciation will likely be the main driving factor in the return of investments in future. I do have some options for you if you are keen to find out more.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

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