Regardless of how the market is doing, there are also opportunities to get a good deal. With the current COVID situation, the market will stay soft for a while. And if you are wondering if you should wait, why not take a look at what happens to the buyers and investors who decided to buy during a past crisis like Sars, Global Financial Crisis, and H1N1?

Looking at historical crises in the last 2 decades, Singapore’s property market has consistently bounced back up to significantly higher prices than the property prices before the crisis.

Based on a study of previous crises, savvy investors, and buyers who purchased their property during a downturn also benefited from higher profits ($300K as compared to $50K – $200K).

Source and Related Read: https://www.channelnewsasia.com/news/commentary/singapore-private-property-market-outlook-viewing-price-index-12783760

Would it be the same for this unprecedented Covid-19 crisis? Talk to us to learn more.

With no end of the tunnel in sight, for now, there is definitely a lot of uncertainty on what will happen in the future. However, there are ways to predict whether a certain Development is worth buying now, or whether there is a good possibility of Developer dropping prices.

Here are 3 things you can use to assess:

1. Breakeven price vs Current Price
2. % Sold thus far
3. Transaction Volume