Clavon condo showflat

The Singapore property market is not in good shape today. Transactions have come to a standstill. Buyers are waiting on the sidelines for fire-sales and sellers are standing firm on the prices unwilling to sell for cheap.

SHORT TERM OUTLOOK (1 to 2 years)

I think that everyone can agree that in the short term, the Singapore property market is on a downward trend. Interest rates have risen, rents have fallen clavon condo showflat and a large incoming supply of new T.O.P flats have put increasing pressure on already weakening prices. This bodes well for first timers (buyers) but not so much for sellers. Simply put, today is a buyer's market. The group that will be worst hit are investors who have high bank borrowings and cannot sell the property because of the seller's stamp duty. We could see more mortgagee sales this year, as a result. There will be people who will be happy, such as the buyers, but they will also be trying to catch the market at the lowest point. So demand will still be weak and falling prices will become a self-fulfilling prophecy. Naturally the next question would be "How much more will the market fall"?