2021/2022 is widely considered a seller's market, with property prices — across all segments — reaching an all-time high.
"After I sold and I approached the same seller, their agent told me so sorry, they received a better offer. I was already offering above valuation, but still their other offer was more than $20,000 higher than mine. That was in October last year. "Call me a bit greedy — but when I sold in April it was around $1,650 psf. Recent transactions for the same size units are around $1,800+ psf. Being just a little bit early cost me over $165,000+.
J says he felt compelled to sell his shoebox unit when his friend told him such units were "not doing well, so when I said I had a good offer, my friend said I better take it, if not I will regret. Of course the property agent also backed him up." The couple had initially appealed against this, but D says they didn't follow up with the appeal after they were able to find accommodation with their son.
Anne says that in future, she's learned to listen to herself rather than "expert advice" on what to look for in a home.L lives with his sister, and they previous co-owned a landed unit in Geylang; this had been left to them by their parents.
Source: News Formal (newsformal.com)
Actually, greed is what causes all these feelings.