rising interest rates
what is your next step in the property market
rising interest rates
what is your next step in the property market
what is your next step in the property market
what is your next step in the property market
When you flip open the papers or turn on the news nowadays, the common buzzwords are “ INFLATION”, “ INTEREST RATE HIKES” & “ LOOMING RECESSION”. These aforementioned occurrences do intrinsically affect us in varying degrees. With the stability of the economy called into question, people are naturally more prudent in the way they spend their money. As much as our human instincts force us to play it safe during times of uncertainty, what if the best opportunities are present during these times?
People are more prudent in their spending
Amidst inflation & rising interesting rates, the property market remains absolutely resilient. As you can see from the two articles below, Liv@MB and Piccadilly Grand are two very recent launches, and the reception was outstanding. Both of them sold more than 75% of the units in just the opening weekend alone.
Why do Singaporeans continue to invest in property
For one, people who know what they’re getting into and take action during a crisis or times of uncertainties tend to make more money.
If you’d take a look below and see, in the 2016/17 and 2018/19 periods, you’ll notice that the interest rates were at one of their highest points in recent years.
With that in mind, is it true that if you buy during the peaks of high-interest rates you will not make money or stand to lose out?
You will be very surprised to find out that not only did interest rates barely affect anything, there are still people who made
staggering profits of over $400,000 like the two examples below – Lakeville and Seaside Residences
Two examples below – Lakeville and Seaside Residences
Why did these people dare to take action?
It is essential for you to learn before you take any action, especially during this period when there are many lingering uncertainties.
There is a general rule of thumb that 80% watch on as 20% of the people makes money – we can always design our own future instead of falling into the wrong side of the spectrum by default.
Associate Group Director
CEA NO. : R014793E
Mobile: +65 8889 9008
PropNex Realty Pte Ltd
480 Lorong 6 Toa Payoh,
#10-01 HDB Hub East Wing
Lift Lobby 1, S310480
Licence Number No.L3008022J
PropNex Realty Pte Ltd or its salespersons will not be responsible for any errors or omissions or for the results obtained from the use of this information. All information is provided with no guarantee of accuracy. If in doubt, kindly seek appropriate advice from your financial advisors or bankers before you make any property investment decision.
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