When you flip open the papers or turn on the news nowadays, the common buzzwords are “INFLATION“, ” INTEREST RATE HIKES” & ” LOOMING RECESSION“.
These aforementioned occurrences do intrinsically affect us in varying degrees. With the stability of the economy called into question, people are naturally more prudent in the way they spend their money. As much as our human instincts force us to play it safe during times of uncertainty, what if the best opportunities are present during these times?
Amidst inflation & rising interesting rates, the property market remains absolutely resilient.
As you can see from the two articles below, Liv@MB and Piccadilly Grand are two very recent launches, and the reception was outstanding. Both of them sold more than 75% of the units in just the opening weekend alone.
Why do Singaporeans continue to spend or invest their money in real estate?
If you are sitting here wondering why, what are the secrets they know that you don’t?
For one, people who know what they’re getting into and take action during a crisis or times of uncertainties tend to make more money. If you’d take a look below and see, in the 2016/17 and 2018/19 periods, you’ll notice that the interest rates were at one of their highest points in recent years. See Chart > Private Property Price Index VS SIBOR chart
With that in mind, is it true that if you buy during the peaks of high-interest rates you will not make money or stand to lose out? You will be very surprised to find out that not only did interest rates barely affect anything, there are still people who made staggering profits of over $400,000 like the two examples below – Lakeville and Seaside Residences
You must be asking yourself, why did these people dare to take action?
It is simply because they have knowledge of the real estate market and did their due diligence by assessing their finances & risk involved. That is why it is essential for you to learn before you take any action, especially during this period when there are many lingering uncertainties.
There is a general rule of thumb that 80% watch on as 20% of the people makes money
We can always design our own future instead of falling into the wrong side of the spectrum by default.
What is Your Next Step?
Wait & See?
Make a Move Now?
DM me here, you’ll learn how you can navigate through crisis and make the right moves on your property journey.
You May Also Like …
Jayson Ang – October 1, 2024
Singapore's property market has long been considered a lucrative investment sector, attracting investors and speculators looking to profit from the...
Read More
Jayson Ang – December 17, 2022
Lately, there has been an increase in scams related to real estate. Scammers are pretending to be real estate agents...
Read More
Jayson Ang – May 12, 2024
Investing in property is an excellent way to build wealth and secure a stable source of passive income. If you...
Read More
Jayson Ang – January 20, 2023
TLDR Understanding Cash Over Valuation (COV) is crucial when buying a resale HDB flat in Singapore. COV is the additional...
Read More
Jayson Ang – March 15, 2024
Renting property in Singapore can be a challenging task, especially for those who are new to the country. With Singapore's...
Read More
Jayson Ang – September 14, 2024
Singapore, a melting pot of diverse cultures and flavors, offers an incredible array of dining experiences for food lovers. Japanese...
Read More
Jayson Ang – December 31, 2022
TLDR When deciding to sell your house in Singapore's competitive real estate market, timing is crucial. Selling during a seller's...
Read More
Jayson Ang – March 15, 2024
TLDR Real estate agents can sometimes use deceptive tactics to push sales. Be cautious of claims about other interested buyers,...
Read More
Jayson Ang – June 24, 2024
Singapore, a melting pot of cultures and cuisines, is a food lover's paradise. Among the myriad of dining options available,...
Read More
Jayson Ang – July 18, 2023
Top 5 Tourist Attractions in Singapore Singapore, a vibrant city-state located in Southeast Asia, is known for its diverse culture,...
Read More
Jayson Ang – July 16, 2024
Singapore, a melting pot of diverse cultures and culinary delights, offers an exquisite high tea experience that caters to both...
Read More
Jayson Ang – March 18, 2024
TLDR Younger generation in Singapore is reshaping house hunting by showing a preference for quality of life over location. Millennials...
Read More
Jayson Ang – December 22, 2023
TLDR The article discusses various challenges faced by residents living in massive condo complexes in Singapore. From long elevator wait...
Read More
Jayson Ang – December 18, 2022
TLDR When it comes to property transactions, understanding the factors influencing rising prices is crucial. The pandemic has driven up...
Read More
Jayson Ang – January 2, 2025
Singapore, a thriving city-state in Southeast Asia, has become a magnet for foreign investors looking to capitalize on its booming...
Read More
Jayson Ang – October 23, 2023
TLDR Understanding property valuations is crucial for both buyers and sellers in the real estate market. Property valuations involve two...
Read More
Jayson Ang – July 10, 2024
The future of Singapore's property market is shaped by several emerging trends that reflect cautious optimism, enviable locations, and sociable...
Read More
Jayson Ang – January 4, 2024
TLDR This blog post delves into various aspects of the Singapore property market, including topics such as decoupling, 99-1 property...
Read More
Jayson Ang – August 17, 2023
TLDR A recent sub-sale transaction in Midtown Modern set a new record with a 2-bedroom home selling at $3,150 psf....
Read More
Jayson Ang – May 10, 2024
TLDR The housing landscape in Singapore reflects evolving aspirations and desires, especially among the younger generation. Owning private property is...
Read More
