If you can afford the property today and are willing to hold for
there will not be any
big drop in prices
even when the market adjusts in future. The main reason why the prices are holding so strong is because of the effective government cooling measures that were put in place. The intention of the government is very clear - they aiming for
gradual growth in the property market
instead of crashing the market. This is something good for all homeowners and investors out there to take note.
Hence, if you are
trying to time
the market, there is
in doing so. Once you observe the market, you will realise that many new plots of lands (government land sales) and en-bloc are setting new record prices. As a result, prices will eventually go higher in the future too. Refer to the chart below. With the new land bids, Ang Mo Kio/ Lentor development are expected to sell at minimum $2000psf and above in the future.