Hi Nikitha,
I need to understand more of your objective in purchasing a private property. Are you looking purely as an investment option or you are looking to purchase for own occupation? For the latter, my advise is the same as Zhiwei, if you have the means to purchase now, go ahead and secure a unit for your roof overhead. As what many analysts have speculated on the potential downturn, we are still seeing the uptrend in prices and no one knows if we are already at the peak. There is always a risk in purchase properties at any point of time as we are unable to predict what is going on around Singapore economically to impact on the value.
Especially so if you are looking for own occupation and with the prices going upwards, it is beneficial for you to understand if your income can grow as fast as the value of properties to ensure that you are still competitive as a buyer in the market to secure your dream unit.
If there is any further assistance which you may require, feel free to let me know.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile:
+65-81577565
Email: lim.geryl@yahoo.com.sg
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