Is this a good time to invest in real estate?

You can read more on property soul blog :)

Depends on what you have.

No due to the rising interest rate and the increasing taxes.

No. With all the taxes and duties in place. With very competitive offer by others and thus there's more landlords than tenant. It's not a good investment instruments anymore unless you're Singapore citizen and this is your first property. Otherwise , there are much better investment instruments.