Property Prices UP AGAIN! Here’s What You Should Do.

[@marcusluahsg]

In this video, I will be sharing with you the recent article that talks about private home prices rising up to 2.3% in Q4 due to the recent series of new launches. Giving you a TLDR of the article and what you should be doing as a buyer and a seller. TimeStamp: 0:00 Introduction 1:26 Video Sequence 2:18 TLDR of The Article 3:23 Clear Winner For The Year 2024 3:57 Transaction Volumes For All Private Properties in Q4 4:19 New Launches in 2024 and 2025 5:06 Historically How The Market Reacted Using Facts And Figures 5:13 Comparing With Year 2021,2022,2023 6:45 New Launch Comparison Over The Past Few Years 8:20 What's Going To Happen? 8:34 Residential GLS Land Rate Vs Average Bids Vs Average non-landed Home Prices 9:52 Will Prices Continue To Go Up? 10:33 Resale Market Trend 11:26 What You Should Be Doing As a Buyer or Seller 11:32 3 Golden Principles 11:53 HDB Upgraders 13:47 Condo to Condo Upgraders 15:22 Exiting From Condo To a Landed Property 16:05 Selling and Downgrade 16:21 Selling To Upgrade 17:14 Final Thoughts

[@ewokmoses5909]

Get well soon towkay. God bless u

[@marcusluahsg]

Thank you 🥰

[@dcmfer1792]

did u study in South View Primary last time

[@marcusluahsg]

Yes I did

[@dcmfer1792]

Haha, you are my primary school classmate then.

[@marcusluahsg]

@ nice to meet you here, dm me to catch up one day :)

[@shurakishi4707]

1) you mention there is general price acceptance of higher and higher new launch prices 2) then you mention that with a combine income of 15k, households are actually struggling to buy a 3BR in OCR Most of the condo new launches buyers are actually HDB upgraders. So where is their capital from? Loans and stress testing are actually tighter now than even a few years ago. There is a drop in bank interest rate but not a significant drop. You mention gradually ppl are priced out. So this means gradually there will be less and less buyers as prices continue to ascend. On a side note, new launches like Orie are getting smaller and smaller almost to the point of being unlivable. Hope those who buy open their eyes big. Units getting smaller and smaller with a higher and higher quantum is a big red flag because the exit strategy is going to be severely challenged.

[@marcusluahsg]

1) yes it takes a while to accept for eg hillock moved really fast after Norwood transacted at similar pricing. That’s just one example of the many. 2) yes correct that’s because they’re single income, prefer not to touch their savings to buy the next house, want a lower installment but a sizable unit. The stress testing eased a bit since 2022 increase, hence affordability inching up a little. Generally you are right units are getting smaller but it’s largely due to GFA harmonization I explained it in 3 minutes during this video so feel free to check it out. kzbin.info/www/bejne/j4WwkGR8hrupkJIsi=BfEmROQxryXA6zOw The exit strategy each cycle has always been challenging, cos it’s always an unprecedented price so you’re right keeping eyes wide open is key. Also people get priced out is true, especially when we procrastinate. Hence I always stick to my three principals as mentioned in the video. Thanks for the reply and support, have wonderful weekend ;)

[@shurakishi4707]

@@marcusluahsg bottomline is there is a limit how much the market can tolerate and that is related to people's incomes and the availability of bank loans. Prices are rising definitely faster than what incomes can support. Sooner or later, transaction volumes are going to stagnate. I do not believe that there is will always be eternal ever increasing home prices.

[@xavierlee5115]

handsome get well

[@marcusluahsg]

Thanks bro