19/10/2020
Received quite a number of clients' enquiries on this articles ever since it was published.
Most of them are asking "how come property market is still so hot even though we are in a pandemic? Doesn't make sense leh" ๐ค
Yes, common logic has it that during financial crisis -> financial / property market will fall
So what causes this "phenomenon"? To put things into perspective, this can be explained in following points:
- Low interest rate environment. Yes, is that simple, low borrowing rate spurs people to want to leverage on it to purchase property
- Singapore is well positioned for a global recovery. And when this happen, property price will surge
- It has been a few months since the pandemic started, and investors have observed that our property market has been coping well, thus giving them the confidence for their purchase
- Although the pandemic has affected many Singapore households, but not all are feeling the brunt of the economic fallout.
So if you are still waiting for 'opportunity', do you think property price will fall when the pandemic is over?
Give me a call now to find out what are the opportunity buys available in the market right now!
Geraldine
9731 1778
The private home market continues to defy gravity amid the pandemic, with last month's sales up for a fifth straight month to hit levels not seen for more than two years.. Read more at straitstimes.com.