Commentary “Buy Now Before Property Prices Rise” 5 Facts You Must Know Before Making A FOMO Property Purchase

  • August 4, 2021
  • 8 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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RAYMOND CHUA
RAYMOND CHUA

Raising average prices in new launch is misleading. Typically, it’s the lowest psf or lower levels unit that sells first, and higher psf/higher level units that sells later. Hence average prices will move up.

Stacked Homes
Stacked Homes

Thanks for sharing this! We’ll look more into this in detail

caseyaff
caseyaff

The world is still very much in turmoil, splashing out on a brand new condo at historical peak prices is just a recipe for disaster (for the gullible buyers, that is).

Stacked Homes
Stacked Homes

Thanks for sharing your thoughts!

Straight Talk
Straight Talk

Given the number of new Condo launches + the number of units being built, it appears there will be an *oversupply* situation in the near future. I have lived in SG for less than 3 years, so I may be wrong. Thoughts?

Stacked Homes
Stacked Homes

Really hard to say because the demand side can’t be predicted as easily. Look at what is happening now. 1-2 years ago, no one would’ve imagined the market being so hot, let alone during a pandemic.

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