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Hi,

In my opinion, the property market has valid reasons for the price rise over the past 1 year. And this reasons are still valid as we go into 2022.

Prices are likely to continue to go up, though I foresee at a slower pace as compared to this year. Barring any global economic shocks, we are unlikely to see a correction in prices.

There has been talks of additional cooling measures given the bullish property market. In fact just yesterday, MAS has came out to caution on taking on excessive debts in anticipation of rising interest rates. We may see some cooling measures by Government if prices continue to rise sharply next year.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1) Hint already announced from MAS on exercising cautions on over-borrowing.
2) We already foresee that the property prices are going to continue to raise in 2022 because of land cost, labor cost, additional demand from the govt on the construction method, demand from buyers, etc.
3) The govt also aware that price increase is evident and justifiable. The buyers are not being exploited but the price for the value.
4) However the govt still has to ensure that the PPI will not over-run the GDP growth. This is to ensure no bubble on property. Our country is too small to have such a situation. Even China, such a large and strong country is trying to contain its PPI. Property market crashing is not a simple matter to deal with.
5) Japan still has not recovered for the last 30 yrs since its property market crashed in 1989.
6) I Suspect the govt will impose more restrictions on borrowing to ensure only the affordable is able to buy rather than suppress the developers again in this round.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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