This is a good time for those who are financially secure to buy the right property at the right price.
“In the current slow market, first-time home buyers could be considered spoilt for choice, but not all the choices are affordable enough. For sellers, Tan said they needed to understand the opportunity cost if they wanted to sell in this market. “Sell now, or wait until a better price comes along? This is a dilemma for many investors in the present market.”
“Do not buy a unit that is too small. It should be not less than 850 sq ft. Potential buyers should also double check their loan eligibility with the banks before planning a visit to the sales gallery,” he said.
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