Tag Archives: Market Report

Homes more affordable as incomes rise

Posted on 22 Aug 2009 | Comments Off on Homes more affordable as incomes rise

Relatively cheaper than in 1996 boom year, data from two reports say

By Joyce Teo, Property Correspondent
Shoes left outside the Caspian condo showroom in Jurong West by potential buyers testify to the demand for private homes despite the downturn. Thanks to the boom years, wage growth has outpaced property price growth for many, making private homes more affordable. — ST FILE PHOTO

PRIVATE home prices may be on the rise again but new data suggest home buyers swept up in the latest frenzy are not necessarily overstretching themselves.

RELATED LINKS

Buyers are finding condominiums far more affordable relative to their income now than they did during the mass market property boom of 1996, Continue reading →

Comments Off on Homes more affordable as incomes rise

Posted in Property Market / Real Estate

Tagged , , ,

7 types of buyers in the market

Posted on 22 Aug 2009 | Comments Off on 7 types of buyers in the market

1 SPECULATORS

These are the people who buy property with a view to flipping it to make a quick profit.

They have no intention of actually living in their property. As long as they can make money from the property, its design or layout is of little importance.

Some speculators have even bought units without bothering to step into the showflats, while others have sold homes only hours after buying them.

This is the group you can count on for the queues, blank cheques and recession-defying rise in prices.

They can continue playing the market as long as their actions do not get out of control.

2 SPECU-VESTORS

Coined in recent years, this term refers to those who buy to flip but can afford to hold on to their investment if necessary. Continue reading →

Comments Off on 7 types of buyers in the market

Posted in General, Property Market / Real Estate

Tagged , , , ,