facebookWill property prices drop since the market is doing badly now? Is it advisable to source for a resale at this time for first-time house buyers? - Seedly

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Samantha

01 May 2020

Property

Will property prices drop since the market is doing badly now? Is it advisable to source for a resale at this time for first-time house buyers?

Would it be more advisable to search for a resale HDB instead of going for a BTO in this current property climate?

Discussion (3)

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Angeline Teo

01 May 2020

Calculator at The Internet

Property is affected but prices are not falling a lot.

I think it has room to fall further...

resale flat usually have high staying power because of their great locations. its hard to find bargains unless the economy is really bad. you need more than few months to see this

Cedric Jamie Soh

22 Apr 2020

Director at Seniorcare.com.sg

Yes, i am also of the opinion property prices will decline.

a lot of fresh unemployment, new graduates without jobs, and companies closing down. Even for those who are still gainfully employed or with their companies intact, people are reluctant to spend on properties.

However, prices are sticky. Property owners can choose not to lower their prices and it may take a few months or quarters for property prices to decline downwards.

If you want a bargain, you may have to be patient.

I think your meant property instead of properly.

The issue is even if you can afford to buy, can yo...

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