Hey mate! Thanks for raising this question! It is a valid concern among all of us. If this scenario occurs: 1. Affordability will be the first to suffer. Loan amounts will be further reduced as banks adjust their stress-test levels to ensure "prudent borrowing," requiring buyers to pay more cash upfront. 2. Higher mortgage installments will deter most buyers from purchasing and delaying their upgrading plans. This combination will undoubtedly dampen demand. From the government’s perspective, the last thing they want is for the property market to collapse and homeowners to be forced into fire sales due to "high interest rates." They might consider easing some cooling measures to help boost and recover demand during tough times. In short, prices might not go up as fast and will not crash either.
No, i seriously dont think so. The reason why prices continue to go out modestly because sellers had holding power. The only way sellers will slash prices os when sg became like china situation or serious worldwide recession.
Property prices will still go up ,reason inflation ,costly manpower ,steel,cement,pipe,wiring,glass,landscape,war ,climate disastrous all these add up ,now u understand even future young generation cannot afford a roof on top their head 😢😢
Yes you're right. Those are inevitable. Even nowadays u no longer see agents preaching on sell HDB and upgrading to condo without topping cash. The gap is simply getting wider. Even for myself, upgrading and owning a private property will be much harder in the future.
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Do you think Singapore property prices will eventually drop if there is no interest rate cut in 2024? Comment below!
Even drop also wouldn't drop that much
@@icedmilo9271 You're right! It's normal to see minor corrections here and there!
Good insights! Should buy to wait rather than wait to buy!
Yes. The last thing we want to is to pay more!
Indeed. One shouldn’t wait. Time in the market beats timing the market!
Great advice, in singapore secure a property asap.
What are ur recommended projs to go into for 2B, 3B and 4B? Any strategy for upgrading?
That's a legit question among home buyers these day! The next video is going to answer your question!
Are you saying even if interest rates go to 5, 8% prices will still just go up?
Hey mate! Thanks for raising this question! It is a valid concern among all of us.
If this scenario occurs:
1. Affordability will be the first to suffer. Loan amounts will be further reduced as banks adjust their stress-test levels to ensure "prudent borrowing," requiring buyers to pay more cash upfront.
2. Higher mortgage installments will deter most buyers from purchasing and delaying their upgrading plans.
This combination will undoubtedly dampen demand.
From the government’s perspective, the last thing they want is for the property market to collapse and homeowners to be forced into fire sales due to "high interest rates." They might consider easing some cooling measures to help boost and recover demand during tough times.
In short, prices might not go up as fast and will not crash either.
No, i seriously dont think so. The reason why prices continue to go out modestly because sellers had holding power. The only way sellers will slash prices os when sg became like china situation or serious worldwide recession.
Yes agree. Chances of existing homeowners to slash prices and fire-sale their own property are very slim.
Property prices will still go up ,reason inflation ,costly manpower ,steel,cement,pipe,wiring,glass,landscape,war ,climate disastrous all these add up ,now u understand even future young generation cannot afford a roof on top their head 😢😢
Yes you're right. Those are inevitable. Even nowadays u no longer see agents preaching on sell HDB and upgrading to condo without topping cash.
The gap is simply getting wider.
Even for myself, upgrading and owning a private property will be much harder in the future.
Do you have a discord channel?
Hi unfortunately I do not use discord. Feel free to contact me at 83399403!
@@kaizerhomeadvisory you should have a Discord channel buddy😔