Your search results

My 6 Factors to Consider When Buying a Property in 2023

Posted by Jayson Ang on March 11, 2023

| 0

As the housing market shows no signs of slowing down, many of us may feel left behind, questioning whether it is time to purchase a home or wait for the market to level out. Recently, some of my clients opened up about their own experience about selling their property last year, fearing that inflation and rising interest rates would make it difficult for people to obtain mortgages for real estate. To their astonishment, however, property prices in Singapore remain unscathed and they now accept that they may never lose momentum.

If you’re considering buying property this year, I’ve identified six essential criteria for making a wise decision in 2023.

Please remember that this is only my opinion and experience;

Living in close proximity to an MRT station is a major advantage when it comes to selecting a property in Singapore, even though the country is quite small. This is due to areas being less easily accessible, as well as the potential for capital appreciation, rental demand, and amenities that are often nearby.

Living close to reputable schools is a highly sought after feature for many parents – and for good reason. As the father of a three-year-old, I can attest to the anxiety of locating a suitable home in close proximity to a quality school, preferably within a one-kilometer range.

The availability of new launches in the area is a major factor to consider, especially for investors. After all, these properties often boast modern amenities and tend to be more appealing to prospective tenants, which can lead to a higher return on investment.

Buying an older property may seem like a bargain, but in the long run you could end up forking out more on maintenance and renovations. The fourth criterion to consider is the age of the property – it pays to think ahead!

Price is a critical factor when considering a property purchase. Although a cheaper price tag may seem like a bargain, it’s crucial to determine if the asset will retain or increase its value over time.

As interest rates remain uncertain, it is of utmost importance to ponder if you can make the mortgage payments in the long haul – and the interest rate is the final criteria to keep in mind.

To sum it up, purchasing real estate in 2023 can be quite a challenge, but by taking into account these 6 factors, you can reduce your risk and maximize your return. Remember, acquiring a property is a major investment, so dedicate the time to investigate and make a wise decision.

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …

All Buying Tips Opinion Selling Tips

My Dad’s Agent Utilised Misleading Information to Coerce Him into Selling His HDB” – 4 Pushy Sales Techniques You Should Be Aware Of

Jayson Ang – September 16, 2025 –

TLDR While Singapore’s real estate sector is more regulated, some agents still use high-pressure tactics that make buyers uncomfortable. Common...

All Opinion Reports

Is the Dream of Homeownership Becoming a Steeper Climb?

Jayson Ang – December 6, 2023 –

TLDR The article discusses the evolving trends in the Singaporean real estate market, focusing on the affordability and accessibility of...

All Buying Tips Opinion

Fresh Take: Old vs New Condos in District 15 — Which Gives Better Value in 2026?

Jayson Ang – April 6, 2026 –

TLDR District 15 condos show a nuanced split between old and new developments. Freehold projects have driven much of the...

Mandarin Top 5

Top 5 : Best Themed Cafes in Singapore

Jayson Ang – November 15, 2024 –

Singapore, a vibrant and diverse city, is known for its eclectic mix of cultures, cuisines, and attractions. Among the many...

All Buying Tips Opinion

HDB’s Policy Shift for Young Couples: Progressive Step or Cause for Concern?

Jayson Ang – June 27, 2025 –

TLDR Starting July 2025, HDB will let young couples—where at least one partner is a full-time student or NSF—defer income...

All Buying Tips Opinion

Strategic Patience: Why Some Singaporeans Might Benefit From Delaying Home Ownership, Even With Enhanced Grants

Jayson Ang – July 10, 2026 –

TLDR The Fresh Start Housing Scheme in Singapore now offers up to $75,000 in grants for eligible families buying shorter-lease,...

All Blog Posts Buying Tips Opinion

7 Lesser-Known ‘Minor’ Condo Problems That Could Lead to Major Issues Down the Line

Jayson Ang – October 11, 2024 –

TLDR When choosing a condo, it's crucial to look beyond MRT station proximity, developer reputation, and price. Overlooked details can...

All Buying Tips Opinion

What’s A Fair Price For An HDB Flat in 2025? A Savvy Buyer’s Guide

Jayson Ang – November 5, 2025 –

TLDR There’s no single “fair” price for HDB resale flats—what’s fair depends on your needs, motivation, and timing. To navigate...

All Blog Posts Buying Tips

An Essential Guide to Buying a Home in Singapore 2023

Jayson Ang – January 17, 2023 –

TLDR When navigating the complexities of purchasing a property in Singapore, ensure you meet eligibility criteria, consider affordability factors, and...