It is interesting to know that after the implementation of the recent cooling measures, many eager buyers are waiting for Singapore’s real estate to “crash” or turn bearish so as to get a good deal. Many buyers even arrogantly tell sellers and real estate agents that the asking selling prices are too high and would prefer to wait for prices to fall.
While this seems to be trend (maybe due to their past experience), but it also shows that many people are not that educated in their financial IQ, as many bank on the current talk of the town, rather than looking at the bigger picture of things. Private properties prices are still holding good and for certain segment even soared higher. This is true for the category of Good Class Bungalows (GCB). In fact, it was reported that there was an increase of 30% in terms of sales and prices compared to last year. Will it continue to be bullish both in landed and non-landed private properties? Well, if you have been following the global market, you would agree that more people are choosing to invest in Singapore real estate for obvious reasons. If people still think that prices are high and want to wait for crashes, then I would say that they will regret this as once you spot a great investment with great ROI, you should invest as it is for the long run of positive cash-flow. Are you a savvy real estate investor? Awesome!