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Hi Christopher,

Nobody can predict how the market will trend but theoretically speaking, and in my humble opinion, higher financing costs (interest rates) may bring more sellers to the market (especially the over-leveraged ones) who are open to more reasonable prices for their units. However, this group may just be a small number, and interest rates are reportedly, only to increase gradually over the next 1-2 years. The TDSR mechanism has also introduced prudence for purchases for the last 2 years, hence unlikely there are buyers who have overstretched, especially those who bought with long-term occupancy in mind.

Thanks and may I understand what kind of plans and objectives are you considering at the moment? Hope to discuss further and learn more about your requirements and insights.

Warm Regards,
Ivan Ng
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Hi Christopher, no one could give you a definite answer. In fact, even the government is saying that it is too early to remove any measure and so many predicted that the market is still going to be slow come next year.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Christipher,

It is somehow like a chicken and egg situation. When interest rates rises, the pool if eligible buyers may reduced due to their eligibility to obtain financing for their purchase which may result in buyers withdrawing from purchase. On the other hand, like what most my fellow professionals have indicated, we will see more sellers who have over leveraged put up their properties for sale but what are the chances that they may slash prices to liquidate is anybody's guess as the existing pool of owners are far better prepared to weather any storm than the last round of financial depression. There are definitely chances of having a fire sale unit but such units are unlikely highly marketed and maynjust slip your attention.

Moving forward, may I know what your plans are?

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Regards,

Geryl LIM
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