Hi Ken,
The general dynamics of property sales in Singapore is still all about profit making. It is a question only about how much profit to make from the sales, although we do see random sales which are negative going around, but still part and parcel about stopping bleeding in those scenarios.
The general indication that property market is cooling does not mean that the sellers who have sold are selling at a loss, it simply indicates that they are selling for less profit so that they move on to another property or option of investment and the drop in profit could potentially be made back from their subsequent purchase or investment. Since you have already sold off your property, by purchasing now, you would have already determined your baseline price in future for sales if needed, otherwise I suppose this will be your family home for long run. By making a decision now, you will then be more in control of what holds in future, instead of trying to anticipate what will come along and not being able to be in control. What happens if prices starts shooting upwards next year?
I will rather you buy a day earlier than a day later.
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Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
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