Starting from March 2009, we have been seeing positive news one after another. In fact the market was so bad that any news that is less bad than predicted is considered a Victory in these market conditions.
For example, if we expect a market contraction of 14%, we see a contraction of 12%, we start to say that this is the turning point.
It fails to note that the market is still falling, albeit at a slower pace.
There has also been a lot of investment in Singapore property by individuals. Many of these individuals may have missed out on the 2007 and 2008 property market rally. They are now coming to life in a market that has started to look a bit more attractive compared to 2008.
However, the market is still really bad, company's sales are down. A possible pandemic is looming. Export cuts are also likely leading to reduction in investment in Singapore.
Foreign direct investments in Singapore are likely to have fallen. Many people who are employed by export or related sectors are hit by pay-cuts, shorter work weeks as well as unemployment. In a case of escalating unemployment, we really don't see how a property market can rally too much longer.
There is a possibility that the property market may start to fall again after the high volume months or when the liquidity is being sucked up.
Therefore invest in Singapore property must be carefully weighed. You can follow a link to http://www.propertyBUYER.com.sg/contactus.php to get a better gauge of how to negotiate for a property.
Many agents are trying to close a quick deal, they don't really care about your interests, so it will be worth it to give those guys a call at 6100-0608 or 9782-8606 if you invest in singapore property
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Tuesday, June 2, 2009
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