Hi,
Firstly, may I understand you are looking to purchase for home stay or investment? This will determine different recommendations we can value-add to you. I guess your question is on everyone's mind now, including my clients, but in my humble opinion, if one is purchasing with a long-term horizon of 5 to 10 years, in the long-run property will still do well. It is also how confident one is in Singapore's economy for the medium to long-term, which I believe we have strong economic fundamentals in terms of economic growth, low unemployment rates and growing median housing incomes for the past few years.
If one's concern is down to a demand-supply issue, I will be glad to share with you my analysis of the macro numbers. My humble conclusion is that this enlarged supply of dwelling units for the next 2 - 3 years is to absorb the pent-up demand in the years where there is a deficit of housing units, which partly drove the strong run-up in residential prices of approximately 60% from 2009. Notably, we do see the government saying they are not looking to crash the market, and they are trying to return it to more sustainable levels.
In my humble opinion, this is a good time to purchase as it is a buyer's market now where you have more choices, especially in the Primary market where you see Developer giving more discounts to draw in buyers.
May I have the opportunity to discuss with your further and value-add to your requirements? I will be glad to share some value-buys. Thanks and hope to speak soon.
Warm regards,
Ivan ERA
97432395
ivanng10@gmail.com
www.ivanng10.com
Read More
