It has been months since the first case of COVID-19.
If you have been following the news, it seems that this highly infectious viral outbreak is getting worse.
We definitely agree that this virus is creating an impact to our lives.
However, In the face of this viral outbreak, you have two perspectives.
See this as a crisis and go into “fear”mode or see it as a new window of OPPORTUNITY.
Wait a minute… How can this period be a window of opportunity?
If we analyse the current situation in Singapore, right now real estate developers are very sensitive in terms of prices and some are even giving star buy promotions.
In fact, we shared with one of our clients recently, that we should actually be THANKFUL that our government had implemented a few rounds of Cooling Measures (Eg. TDSR, MSR, SSD and ABSD)
Because of these measures, home owners have higher holding power and are definitely more resilient to risk factors. Just compare this situation to the SARS period and the Global Financial Crisis where home owners were more exposed to over-leveraging and other risks.
So where is the opportunity in all of this?
Imagine that the property you intend to buy is like an air ticket to your preferred country now and the airline company is the developer.
Being in a restrained flying period, would this air ticket be priced cheaper now?
And our question to you is this – Would you dare to buy?
When everything recovers and businesses are operating as usual. People will instinctively rush to resume purchasing. Do you think the airline company will still sell you as cheap?
Just imagine not being able to travel for holidays for such a long time!
Wouldn’t you also want to travel once everything goes back to normal?
Of course, we are not saying that you should just rush in blindly to buy but rather if you have done the necessary risk analysis and have the right holding power…
Do not miss this golden window of opportunity to enter the market!!!
During periods of uncertainty, it is probably the best time to buy property as a form of savings and more importantly, buy at a potentially lower price compared to good times.
Wondering if it’s the right time to buy, sell, or wait it out?
These decisions can be tough, and there isn’t a one-size-fits-all answer.
But don’t worry, that’s where we come in!
At Let’s Talk Property, we are here to provide clarity to you and guide you step-by-step in your real estate journey!
Whether you’re a first-time buyer or a seasoned investor, we hope to partner with you to create a clear plan that’s tailored to your unique needs and provide objective guidance to help you make the best real estate decision.
So, if you’re looking to buy, sell, or just want to chat about your real estate options, we’re here for you!
With our extensive on-the-ground experience, you can trust us to provide a top-notch real estate experience that’s both informative and stress-free.
Do contact us for a sharing session!
Let’s Talk Property
Matthew @ 9007 9035 / Dillon @ 9389 1992
P.S If you have not downloaded our FREE eBook on how to be retirement-proof through Singapore property, you must download it! Click here
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