The property market in S’pore is cooling, finally. Are we looking at a slump or a good time to buy?
Cooling home prices mark a healthier, more selective housing market where fundamentals matter more than fear of missing out.
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The result is a market where buyers are becoming more selective. That is increasingly reflected in transaction volumes and prices.
ST PHOTO: LIM YAOHUI
Lee Nai Jia
For years, Singapore’s housing market seemed to move in only one direction: up. For home owners, it was a windfall. Rising property values boosted household wealth and reinforced the idea that buying a home was one of the safest financial decisions a family could make.
For aspiring buyers, however, the same boom became an increasingly expensive barrier to entry.
