29 May '16, 10am

Why NOW may be the best time to buy property

Why NOW may be the best time to buy property

Property prices have fallen across the board, but home owners still aren’t biting. In some cases, this is an effect of a weak economy, and rising interest rates. In other cases however, some home owners may have taken the route of property investors – they want to wait for prices to drop, and time the market. But rather than being prudent, this could be a mistake. Investment is all about timing – Several trends in the market now indicate that it is currently the best time to buy property How far has the property market fallen? Property prices have fallen over nine percent since their last peak, in Q3 2013. Developers have started to feel the pinch, with Urban Redevelopment Authority (URA) records showing sales volumes that have fallen by almost a third since April 2015. There are expectations of further discounts still, as the Additional Buyers Stamp Duty (ABSD) for develo...

Full article: https://www.99.co/blog/singapore/best-time-buy-property/

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