Bullish movements on the STI for the past 3 days?
Higher growth estimate for Singapore of -6 to -9%?
Cannot find parking spaces outside condominium showflats?
Cannot get tickets for Transformers the movie II or Harry Potter?
These and more observations triggered many of us to ask a couple of questions which have been echoing from all corners of the island;
Are we out of the bottom and is the economy really moving up already?
Is it TIME to enter the property market so as not to miss the boat?
Take a look at the article found in Business Times, Property Special 2009, "Is housing market recovery in sight" by Tan Huey Ying may offer some insights to what's happening.
In that article, there is a chart showing the indices for both private residential and HDB price index. One thing is for sure, the private prices are decreasing and the gap between both private and HDB has almost meet if not already. A signal for a perfect entry for HDB upgraders? Even with that in mind, do not rush in yet. Have you done your sums (financial calculations) yet? Not sure of the financial packages available? Check out my weblinks on home loans shown on the right column.
How about investors? For capital appreciation or rental passive income? You may find your answer by looking at the current rental markets and what the projections can be. Another article from BT "Residential leasing - the laws of demand and supply" by Jacqueline Wong and Desmond Sim may help you to clear some muddy waters.
With that many projects launching at such attractives prices, many will be tempted to take the plunge so as not to miss the boat. With the recent figures released for Q2 housing data, it seems to be so. The property market may already be moving into its upside.
But my question is; Is our economy ready for a true recovery? or are we just simply thinking that we are where we think we are.
