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 …
Jayson Ang – June 28, 2024 – Share
Investing in a property with good access to healthcare facilities in Singapore offers numerous benefits for both homeowners and investors....
Read More
Jayson Ang – February 11, 2025 – Share
Singapore, a vibrant city-state known for its diverse culture and rich history, offers a plethora of unique experiences that go...
Read More
Jayson Ang – July 5, 2024 – Share
TLDR When it comes to the evolving landscape of property development in Singapore, developers are facing new challenges and opportunities....
Read More
Jayson Ang – July 27, 2023 – Share
Top 5 Rooftop Bars in Singapore with Amazing Views Singapore, the Lion City, is known for its stunning skyline and...
Read More
Jayson Ang – July 17, 2025 – Share
TLDR Shorter lease HDB flats are typically about 22–25% cheaper than their 99-year counterparts, based on both resale and BTO...
Read More
Jayson Ang – April 14, 2026 – Share
TLDR Older freehold condominiums in Singapore are losing their edge in en‑bloc deals due to several structural shifts. Developers increasingly...
Read More
Jayson Ang – June 14, 2024 – Share
Conservation shophouses are a unique and valuable investment opportunity in Singapore. These historic buildings are a key part of the...
Read More
Jayson Ang – August 11, 2024 – Share
Investing in Singapore property has long been considered a lucrative and stable way to build wealth. However, like any investment,...
Read More
Jayson Ang – January 8, 2023 – Share
TLDR The Singapore residential property market has shown resilience in 2022, with price growth in both private housing and HDB...
Read More
Jayson Ang – March 11, 2024 – Share
As one of the world's most densely populated cities, Singapore has undergone significant urban redevelopment over the past few decades...
Read More
Jayson Ang – January 26, 2023 – Share
TLDR When selling your house, turn perceived disadvantages into advantages. For sun-facing homes, use UV sheets and blinds to manage...
Read More
Jayson Ang – September 28, 2025 – Share
TLDR Singapore’s housing debate is fueled by headlines about million-dollar flats, but most resale 4-room flats in over 10 estates...
Read More
Jayson Ang – March 25, 2024 – Share
Investing in a condo in Singapore is a popular choice for both locals and foreigners. Condominiums offer a range of...
Read More
Jayson Ang – December 7, 2022 – Share
https://www.youtube.com/watch?v=B1NTnjxDPy4 Jayson Ang, also known as the Singapore Property Swapper, is a certified Propnex agent and top 1% producer who...
Read More
Jayson Ang – August 1, 2026 – Share
TLDR Seletar, once seen as a remote enclave defined by its Aerospace Park and colonial bungalows, is on track to...
Read More
Jayson Ang – August 21, 2024 – Share
Investing in property in Singapore is an attractive option for many, given the country's stable economy and strong demand for...
Read More
Jayson Ang – July 5, 2023 – Share
TLDR When selling your home in Singapore, ensure you pay off your outstanding home loan, refund any CPF monies used,...
Read More
Jayson Ang – January 24, 2025 – Share
Singapore, a small yet prosperous city-state in Southeast Asia, has long been an attractive destination for foreign investors. Its strategic...
Read More
Jayson Ang – February 21, 2024 – Share
Singapore, a beautiful city-state known for its stunning architecture, lush greenery, and vibrant culture, is a photographer's paradise. The island...
Read More
Jayson Ang – August 27, 2023 – Share
TLDR When considering buying or selling property in Singapore, it's crucial to understand factors like Additional Buyer’s Stamp Duty, Loan-To-Value...
Read More
