7 Views· 30 August 2022
Is This A Bad Time To Buy A Property? We Look at 264 Transactions From 2013 To Find Out
With home prices rising across the board, it seems the Singapore private property market is headed for another peak. In recent history, each major peak has been ended by cooling measures, resulting in a price decline soon after.
You might be familiar with the saying: “What goes up, must come down.” And those who’ve been waiting on the sidelines for prices to drop have continuously been repeating this mantra. So obviously it’s all everyone wants to know right now: if I buy now, is it a bad time? Does this mean most people who purchased their property at the peak will have lost money? Frankly, the answer is a bit complicated, but let’s look at the numbers from the last 2013 peak to see what we can glean from this.
- It is possible to see gains even if you buy at the last peak
- Overall, gains tend to outweigh losses
- The likelihood of gains corresponds to holding power
- Common assumptions regarding district are difficult to verify
Ultimately, time in the market beats timing the market all day. If you have to buy now and have a strong motive to do so (family planning, need a bigger space, lifestyle benefits), having the holding power is the most important thing.
For more details and a breakdown of the numbers, head over to: https://stackedhomes.com/edito....rial/we-analyse-264-
Correction: The third slide should read that gains are correlated to holding power.
Chapters
0:00 - Intro
1:14 - #1 - It’s possible to see gains even buying if you buy at the peak
4:20 - #2 - Gains outweighs losses (overall)
5:10 - #3 - Gains are related to holding power
7:29 - #4 - Common assumptions about districts are hard to verify
9:31 - Outro
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Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.
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