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Today is Apr 29, 2017
Ben Ong
Senior Marketing Director
EDMUND TIE & COMPANY PROPERTY NETWORK PTE LTD
CEA Licence No.:
L3007960A / R041385F

benong.property@gmail.com
Call (+65) 9765 4329
MWBAN.39358003.V510B
Welcome to My Website

www.freehold-99.com

mobile phone : (+65) 97654329

Awards :-

Top-9 Producers 2016 (CTS Branch)

DTZ Multi-Million Dollar Producer Club 2015.

DTZ Multi-Million Dollar Producer Club 2014.

DTZ Multi-Million Dollar Producer Club 2013.

 

A common question in the minds of cash-rich real estate investors (and also those who want to cash out on their property assets) is, when is the property market bottoming out ?

Between now till that happens, the above group of people are being frustrated with idling cash losing out to inflation, or pushed (by cooling measures) to invest in overseas (exposing to political, foreign exchange and other risks otherwise not applicable to local investments).

The safest thing to do, for most investors, is to hang on.  

When prices hit the bottom (if you are fast enough to catch it), there is a high chance the choiced location and unit (you were eyeing for sometime) has already been snapped by someone else.  And, you suddenly realized it's no more the "buyers' market" !  On the other hand, if you chanced upon an ideal property now, you (as a buyer) have an upper hand in negotiating for a good buy.

Look at these two situations, assuming prices will come off another 5% (which everyone swears by) by this year.   You are looking at a property asking $3.2 million ($100K below current valuation).  You will consider buying it in one year's time, if price come down 5% (which is $3.04 million).  You think there is no risk.   But actually, you risk paying higher interest rate, or the property is gone by then.   Then, you could miss out the buy opportunity till the next economic cycle ( which again could slip pass your wealth accumulation horizon).

On the other hand, is it possible that you make an offer of the future (5% discounted) value of $3.04 million NOW to the seller ?  By doing so, there may be a possibility that you may get your choiced dreamed property NOW, at future price, while you are still able to secure bank loans, and able to generate the income to afford it.   This rare possibility fortunately, or unfortunately, is being capitalized by only the shrewed few who can think "against the herd" mentality.

In conclusion, the difference between the smart and ordinary investor lies in the ability in weighing calculated risks to react at the right time, and taking action when the opportunity presents.


(Disclaimer note - the author is just expressing a personal opinion.  It does not in anyway constitute an investment advice.  Readers are urged to seek expert advice from other sources before making investment decisions)


 


 
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Semi-Detached House

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Semi-Detached House

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HDB Apartment

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Condominium

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Starting from

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Semi-Detached House

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Negotiable



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