“Mortgage rates could climb to about 4 per cent by year-end – levels not seen for almost two decades. Rising financing costs will likely eat into consumer budgets and cool the property market.”nnWhen the tide goes out…
Early winter with current market activities and sentiments?nn“In sum, it is worth considering putting money in physical property here or proxies such as Reits to hedge against inflation. However, it is a tall order for real estate to hedge effectively against the inflation that faces the global economy today.”
Eid Mubarak to All Our Muslim Friends!
"All borrowers should exercise caution in their home purchases to avoid having to cut back on other household expenditures if interest rates rise sharply".
This year’s edition of The Wealth Report casts the spotlight on Singapore as the leader in sustainable urban practices and built environment planning.nnWe invite you to the webinar on The Wealth Report: Singapore Perspectives taking place 22 March 4pm.nnRegister at: shorturl.at/inqM7
For the whole of last year, rental charges of private residential properties rose 9.9 per cent, after falling 0.6 per cent in 2020, data from the Urban Redevelopment Authority showed. nn“The current rental market condition is positive and most landlords will seek some rent increment on renewal.”nn“On the whole, if property investors are willing to fork out the other expenses and taxes that are necessary to invest in real estate, the incremental property taxes will also be something that they could accept.” “It will not be the straw that breaks the camel’s back.”
“Projects with popular selling points and locational attributes, will still move sales in an impressive fashion as there remain many genuine homebuyers purchasing for their own occupancy.”nn“Landed homes in Singapore have been one of the top-performing asset classes in the real estate market, surpassing sales performances over the last decade. And while there is no such thing as a ‘sure thing’ in the realm of real estate investment, in land-scarce, high-rise Singapore, landed homes are as close as anyone can come to a sure thing.”
“While headwinds remain for 2022 in terms of sharp interest rate hikes, the market remains well-supported by improving unemployment numbers, low inventory levels and strong balance sheets which should provide a buffer.”nn“With Singapore’s high vaccination rate, we also believe that we are at the tail-end of any pandemic-related risks for the economy. Among the sub-segments, we expect mass market to continue to outperform in terms of price growth (+2-5%), followed by mid-tier and high-end.”
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