2022 was a wild ride for the property market, and for the world in general. From a new war in Europe, to record-high interest rates, to new cooling measures. There are definitely some bumps ahead in the coming year, but there's always a silver lining too. Here's what we think most property buyers (and sellers) will like or hate about.
Given the recent excessive demand for homes in Singapore, even first-time applicants are having a harder time securing a BTO flat for themselves despite the extra balloting chances given to them. That’s when most couples, especially those who cannot wait any longer to have a home, would turn to resale flats. Resale flats are pretty much perfect in everything .
The cooling measures on 30th September seem timely, after the latest results. September 2022 has seen a record number of million-dollar flats sold in a single month, and rising prices reveal December’s cooling measures had little to no impact. Despite this, all attention seems to have turned to 4-room and smaller flats. Here’s what’s going on: September 2022 has set.
With tighter loan limits and a 15-month wait for some for resale flats, the latest round of cooling measures is poised to shake up the property market. In these volatile and uncertain times, we’d say the changes are prudent – and simple enough that they won’t overly panic the market. Still though, with every set of cooling measures, some people.
We're nine months into 2022 and already, more resale flats have crossed the $1 million mark than the whole of 2021. Mind you, 2021 already saw a record number of million-dollar flats, so we've truly reached a surreal stage in the resale flat market. Under normal circumstances, million-dollar flats are often derided as indulgences, or the whim of a pure.