First time property buyer - currently considering investing in a private condo. At high inflation with expected rising interest rates next few Quarters, would it be a good time to enter the market?

For investment, suggest to go for new property so the high interest rate is on the low monthky mortgage. when interest dropped by the time property is almost completed and loan amount is high, you stand to benefit in this way.

• Like all investment, you must have holding power. Interest rate and government policies will affect the property market and it will keep changing. You must be able to hold through good time & bad time. That is your affordability.

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• For property for investment, it is not necessary that you buy the most expensive condo, you will earn the most. Because we are earning the delta, price increase. Dont overpay.

Example: Year 2021 the new launch price mostly $2000 psf, while the resale market ~$1500 psf. Resale market is more attractive, the increment ytd roughly $150-$200 psf. Thus if you can use $1.5 mil to earn $100k, you dont spend $2 mil.

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• In stock market, investors uses cash to grow wealth & can just stop DCA if hand are tight. While in property market, investor uses debt to grow wealth & is a commitment, thus holding power is very crucial.

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• Similar to stock market, dont time the property market. When interest rate high you scare, when recession come interest rate drop you also scare. You will forever scare and wont buy.
• The most important aspect of property investing is to pick the correct project, correct unit and pay the correct price, then able to hold. And when is time to sell dont get emotional attached to it.

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