When Negativity Clouds Judgement In Real Estate Investment
I have had the privilege to talk to many would-be property buyers, be it for investment or for their own occupation, and I can’t help but notice that many buyers are pessimistic about the current market that Singapore is in due to the new cooling measures that the Monetary Authority of Singapore announced on 5th July 2018. Some buyers are pessimistic by nature, and no amount of good news will be enough for them, and I think this group of “buyers” never really become buyers.
The new cooling measures introduced a significant increase in the Additional Buyer’s Stamp Duty, and that has surely dampened the market quite badly, especially when the real estate market is only at the start of its recovery path after a few years of doldrums. But is these draconian cooling measures necessary for a market that just started to see some lights after such a long dull period? Many industry experts and analyst did not hesitate to condemn the move by the Monetary Authority of Singapore for yet another set cooling measure at a time when market is picking up, but many fail to see that the government need to intervene to reign in the soaring real estate prices that is soaring at an unreal pace, which is too fast, and the growth in salary of the people could not keep pace with the growth of the property prices. But despite the new measures by MAS, Singapore real estate is still one of the most stable and affordable relative to the developed nations. A recent study by UBS rated Singapore’s real estate as being fair-valued compared to other big cities in the world, and also importantly, property bubble risk is minimal. Many people are negative towards the property market in Singapore now due to the cooling measures, but if we put things in perspective and look at things in a macro view, if there is no significant growth potential in Singapore, these measures would not have been implemented. There is a need to contain the “bubbles”, but there has to be liquid for bubbles to form, and that is, Singapore must have the substance for bubbles to form, which actually is a good sign to buyers and investors alike. Remove negativity, take a step back, and one will realise that Singapore is still a good place to invest in real estate.
Buyers and investors might want to consider Riverfront Residences condo psf, a brand new 99 year leasehold condo launch located along Hougang Avenue 7 of District 19. It is developed by an Oxley Holdings led consortium comprising of Apricot Capital, Lian Beng Group and KSH Holdings. Singapore Riverfront Residences condo psf is very reasonably priced due to the fact that the developer bought the land via collective sale at the early stage of the collective sale craze and secured it at one of the lowest price. Riverfront Residences condo psf Singapore is about $1250 on the average and is right now, one of the cheapest new launches one can find in the whole of Singapore.
For more information on Riverfront Residences, please visit: https://www.riverfrontresidences-officialsite.com/
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Company Name: ERA Realty Network Pte Ltd
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Country: Singapore
Website: https://www.riverfrontresidences-officialsite.com/
