Singapore’s property market has steadily been hot despite the Covid pandemic.
The demand for property has been high due to various factors like low interest rates and the rumors of a cooling measure to be imposed by the government.
Despite the news and market conditions changing every time, there are factors that make the fundamentals of the Singapore Property Market insusceptible to change. You need to consider these things especially when you are planning to invest in property anytime soon.
Time
Time will tell you to slow down or to proceed with your plans. 
When it comes to real estate, time is not a question. Time is one important factor when considering property or investment. How soon should you start investing? When should you buy? When should you sell? All these questions need to be answered in a specific timeline.
There’s a saying in real estate. Buy to wait or wait to buy? Which makes more fundamental sense?
Would we buy already and wait for the right time to exit? Or continue waiting where we are taking on a huge gamble of hoping things can be better?
Because by waiting, you are forgetting the next point that I am sharing next.
Age
Age is a factor too. 
When we were young, we thought, we all have the time in the world so we should enjoy living in the present. Young professionals for example may enjoy the luxury of being young with strong able bodies so thinking about the future may not come to their mind. But relating age in terms of real estate or property, time is very crucial. Investing in the property market earlier is far more beneficial or rewarding than investing in it in your later years.
Though time is a big factor, being in the age of 40s or 50s doesn’t mean it’s too late for you to invest in the property market, you just need to analyze your options and see what works best for you and your plans in the future.
Population
The population is expected to increase in Singapore and it is essential so the economy will continue to be competitive. 
Our country has few natural resources, that’s why the main important resources that should be utilized are the human beings or its people.
Due to the drop in the population growth rate of Singapore, from 2.5% per year between 2000 and 2010 to 1.1% a year from 2010 and 2020, the influx of residents in the pipeline of Singapore’s population is inevitable. This increase in population provides higher demand to purchase and to rent in the future.
Growth and Transformation
Singapore has a very good footing in terms of planning ahead in the future. 
The government knows the value of educating its citizens for any future plans in property or land developments that’s why the URA releases its master plan open to the public.
The Master Plan is a statutory land use plan that guides Singapore’s development in the medium term over the next 10 to 15 years.It is reviewed every 5 years and is a key guide for home buyers and developers on what to expect in the development of land and property.
Urban transformation projects as shown in the master plan are designed to cater to the demands of future needs and encourage economic growth and bring jobs and amenities closer to residents. It is to make sure that all your needs are within your reach and ensure less travel time.
Speaking of less travel time, part of the master plan is the provision of a well-connected public transport network. This will provide citizens less travel time when doing their errands by properly situating train lines near the residential areas and important infrastructures.
It will also make Singapore greener due to fewer cars.
Data & Numbers
You always hear us say, we always base our decision on numbers and data for we believe, numbers don’t lie. 
This is a very crucial and important factor in terms of property fundamentals because we cannot buy or sell property based on ‘gut feel’ or in terms of hearsay.
As stated above, the government has graced us with valuable information in terms of urban planning in store for us. But this doesn’t mean that buying land or property near the future development site or near the future train station is the best investment out there for you. Looking at the big picture and considering all your options after seeing and studying the numbers and data is still the wise thing to do.
Property Planning
Your own personal property planning is very important as well when considering property as an investment.
Singapore citizens are now more knowledgeable in terms of property trends and market conditions because of the technology and the instant information they could get over the internet.
Sitting down and looking at your current property in depth and talking with your spouse about any future property plan is the first thing you need to do before jumping in and investing in the property market.
We believe that investing in the property market is the best way to accumulate and preserve wealth when done properly and systematically.
Buying or selling a property is the biggest financial decision you could ever make in your lifetime.
Don’t fall into the trap of buying now because the market is hot WITHOUT looking first at your numbers and data. Choosing to ignore your numbers is a mistake that you shouldn’t willingly make.
If you need assistance with your property and don’t know where to start, we are here to help.
Our services & consultations are backed up with the latest news and trends of the market condition and as well as numbers and data that will support the options we give our clients so they can make sound decisions about their property.
Send us a message so we can help you with what you need.
