TOP 3 BURNING PROPERTY QUESTIONS ANSWERED!
1. Best time to enter the market?
2. Should I wait for prices to drop?
3. Is it only for the rich?
BEST TIME TO ENTER THE MARKET?
WHEN IS THE BEST TIMING TO ENTER THE MARKET? IS THE MARKET GOOD/BAD NOW?
Regardless of how the market is doing, there are also opportunities to get a good deal. With the current COVID situation, the market will stay soft for a while. And if you are wondering if you should wait, why not take a look at what happens to the buyers and investors who decided to buy during a past crisis like Sars, Global Financial Crisis, and H1N1?
Looking at historical crises in the last 2 decades, Singapore’s property market has consistently bounced back up to significantly higher prices than the property prices before the crisis.
Based on a study of previous crises, savvy investors, and buyers who purchased their property during a downturn also benefited from higher profits ($300K as compared to $50K – $200K).
Would it be the same for this unprecedented Covid-19 crisis? Talk to us to learn more.
Wish To Understand More?
SHOULD I WAIT FOR PRICES TO DROP?
WILL PRICES DROP?
With no end of the tunnel in sight, for now, there is definitely a lot of uncertainty on what will happen in the future. However, there are ways to predict whether a certain Development is worth buying now, or whether there is a good possibility of Developer dropping prices.
Here are 3 things you can use to assess:
- Breakeven price vs Current Price
- % Sold thus far
- Transaction Volume
Wish To Shortlist The Right Property?
ARE CONDOMINIUMS ONLY FOR THE WEALTHY?
CAN I REALLY COMFORTABLY AFFORD A CONDO? WHAT IF I STOP WORKING FOR SOME REASON?
Many friends and clients have started their property journey by asking me this question. Naturally, the first concern is that property investment may be out of your financial reach.
However, with our advice and careful planning, they are surprised that they can either comfortably afford upgrading to a condo or purchase their first investment property to earn passive income.
On top of that, we provide detailed financial structures that alleviate stress about monthly financial commitments even if work/income were to stop for certain periods in their lives.
DO YOU HAVE OTHER BURNING QUESTIONS
KNOWLEDGE IS POWER, OR WEALTH IN THIS CASE. WE HAVE THE INFORMATION YOU NEED TO MAKE THE BEST DECISION.
How can I maximize capital gains and/or rental yields on my future investment?
How do I minimize risk when investing in property?
AVOID PAYING ABSD
What options do I have to avoid paying ABSD on my 2nd property?