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Hello,

Your question is quite broad.

There are numerous factors affecting property prices and depending on which factor / factors that are putting in the pressures.

My opinion is that FED interest increase will not affect much to Singapore’s residential properties and likely for year 2022, prices maybe slowed ( maybe decrease slightly depending on Lux or mass and depending on location) and stabled.

Comparing Lux to mass market condos, Lux condos may feel more price pressure to be lower especially with the latest cooling measures and Covid restriction but the situation will not be for long.

Even during the starting of Covid in year 2020, we see prices remains stable and in year 2021, more buyers in Singapore are buying up.

So much so that Singapore Govt has to impose the latest cooling measures on 16 Dec 2021. Moreover, the new condos supplies are decreasing and you see more En-bloc activities again.

This is because the desirable factors of owning a properties, be it Lux or mass market in Singapore, are still there and strong.

In fact, now is the good time to buy as the prices are muted and will definitely see an upward trend when the world economies and Covid situation turn better.

Some of the latest GDP growth in China and in Singapore already shown healthy signs.

Would you like me to share more?

Contact me: 945 99955

Kelvin Thia
Propnex Realty Pte Ltd Read More

Hi Ben,

In my opinion, it is unlikely that price will drop because there is genuine demand in the market especially from the first time buyers and upgraders. The strong demand coupled with the inflationary pressures from higher land prices and raw material cost will continue to push price up. However, with the recent cooling measures, I will expect the upward move to be very gradual.

Between luxury and mass market, I would think the luxury market is more vulnerable due to the weaker demand with the higher ABSD rate for SPR and foreign buyers. The effect on mass market properties will be more cushioned from home owners.

Please feel free to contact me so that I can understand your intentions better and provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Ben,

1) I also wished that property prices will drop in 2022 due to this interest rate.
2) Not sure you are aware that the mortgage interest rate was as high as 7% in the 90s'.
3) Back to more recent in 2018/9 where the interest rate was 2.2+% compared to now around 1.3%. Did you see the property price drop back in 2018/9?
4) The fact is properly property price will be softened but not dropping.
5) It is expected the property price will rise gradually rather than the 10.6% last year, it could be around 7~8% this year depending on whether there is a further cooling measure to curb it.
6) Our GDP growth in 2022 is anticipated to be around 3~5% compared to 2021 of 7.2%.
7) But note that whenever there is a cooling measure implemented, it always means you will have lower leverage with the bank. This will not affect you if you have sufficient lying around.
8) So all-in-all, we are expecting the property price index will rise a minimum of another 5%.
9) OCR (mass market) always have strong support from the local, thus believing this segment will stay strong.
10) CCR (luxury market) might suffer from the recent cooling measure where foreigners have to fork out 30% ABSD to own it. If you have the fund I would recommend you to look into the luxury market.

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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