Hi,
Rather than ask if now is a good time to invest into properties, ask yourself what is your objectives and what can you do to maximize your returns on the funds you have, be it in banking products or property investment.
Your bankers will of course tell you that property investment is not so good. If you understand, Bankers are also commission-based, and also have their own KPIs to meet, and now is a difficult time for alot of them to meet the target set by their employers.
Bankers will of course try to push their banks' investment products to you. I'm not saying the bank products are bad, but you will need to open your eyes wide before jumping into any investment.
Likewise for property investment, not all properties is worth investing now. You will need to understand the property landscape, zero-in to the District to invest in, and carefully pick up the good buys.
What you said of the oversupply in the market is true. But have you asked who is the main culprit for this oversupply situation? Firstly, you will have to understand why is Government opening up so many Government Land Sales to Developers for the past few years, and allow such oversupply situation to occur. Is the Government out to crash property prices? What good will they stand to gain if Singapore property prices crash? Or are they anticipating and planning for the future?
Lastly, let me ask you a simple question. Would you rather buy in a Buyers' market, or in a Sellers' market? I think the choice is clear. A good move today, you will stand to enjoy the rewards in the years to come, while a bad investment property choice today, you will end up getting stuck with little room for capital appreciation. So, be very careful, and assess what is the best option for you today.
Should you need any further assistance in matters relating to property, please contact me at my mobile
9748 6305
. I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty
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