28/07/2019
Recently we had quite a few buyers telling us about recession
This CNA article will help address this valid concern:
https://www.todayonline.com/singapore/explainer-what-could-be-driving-private-home-prices-to-an-estimated-five-year-high
Also we shared with them, jobs are lost but new high tech jobs are created also..
So must see yourself, whether would your own job be at risk? Thatβs why reserve funds are crucial and personal financial planning must be done to cover all risks before you buy a property.. to ride out the market and not sell hastily at loss..
We also shared Singaporeans are very rich and showed the below charts.. in fact when prices dip, opportunity arises, and buyers swarm in.. like now developers dun dare to raise prices aggressively ( they still increase prices )..
Savings up, Income up, Population up (aggregate demand more than supply), Price index lower than Income growth.