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When is the good time to buy Properties?


when is the good time to buy  properties?
property insight by real-estate-guy.com


When is the good time to buy properties in Singapore?

Tons of buyers worried that they have entered the properties markets at the wrong timing.

So the very common question in their mind is when is a good time for me to buy a property.


A lot of advising keep coming to them from friends.


There are a lot of different versions of the answer


Some say the price is too high now, not a good time to buy.


Oversupply of unsold units, there is a supply glut, developers will need to reduce the price to sell.

 

It's all the answer matter you?

Property investment is a long time commitment and must be properly managed.


Firstly, you must understand why you need to buy the property?


Whether is for own stay or for investment?


Do you have a proper plan for what you intend to do with the property?


Let understand a bit more on Singapore and how the populations affect the demands for housing in Singapore markets.



Sinagpore population


Singapore is only 721.5 square kilometres, its smaller than a lot of big cities in the world.


In the year 2009, we only have populations of 4.988 million as shown in the chart below.


When is the good time to buy Singapore properties

Recorded as of June 2019.

According to the department of statistic, we have a population of 5.61 million.


When is the good time to buy Singapore properties

There is a growth of 622,000 thousand in populations over the last 10 years.

Now take a look at the supply of new home and sales in the market over the last 10 years.


A growth of 622,000 thousand in population in 10 years, also increases the demand for housing.