Resale Market Surge. Will It Sustain?

The Current Situation
The Singapore real estate resale market continues to surge, leaving many consumers wondering if this trend is sustainable. Since COVID-19, a significant number of buyers have been waiting for prices to drop, but the anticipated decline has yet to happen. Looking ahead, will prices finally fall?

Why Haven’t Prices Dropped?
Here are five key factors contributing to the market’s resilience:

1) Rising HDB Prices: Many homeowners have seen significant profits from their HDB sales.

2) Strong Rental Market: High demand for rental properties keeps prices elevated.

3) High Replacement Costs: Sellers are holding out for higher prices to cover the cost of purchasing another property.

4) Investor Hesitation: Investors are reluctant to sell as they may struggle to repurchase at similar price points.

5) Price Gap Between New Launches and Resale Units: The wide gap makes resale properties appear more affordable, especially with loan limitations for new launches.

What Can You Do?

Learn how to identify undervalued properties in this market.

Understand whether buying a new launch or resale property suits your financial goals.

Let’s explore the strategies to make informed decisions.

Session will be conducted over Zoom