The economy is slowing down now. Shall I wait and see, so I can enter when prices fall?

Let’s examine the relationship between economic growth and property prices in Singapore (see below).

Economic growth vs property prices

From 2020 (Covid-19), the movement of property prices has seemed to decouple from Singapore’s GDP growth (see below).

Economic growth vs property prices

What some property owners have done when the economy slowed:

- Despite a slowdown in the global economy since 2020 (COVID-19), Singapore property has proven resilient and continues to grow with very strong underlining domestic demand;

- Enter the market now and wait for prices to grow, instead of waiting and entering only when prices fall, which may not happen;

- Waiting results in opportunities lost during an economic slowdown. When the economy improves, it will then be too late, as the property market will then face runaway prices.

Disclaimer 

This information is provided solely on a goodwill basis and does not relieve parties of their responsibility to verify the information from the relevant sources and/or seek appropriate advice from relevant professionals such as valuers, financial advisers, bankers and lawyers.

For avoidance of doubt, ERA Realty Network and its salespersons accept no responsibility for the accuracy, reliability and/or completeness of the information provided. Copyright in this publication is owned by ERA and this publication may not be reproduced or transmitted in any form or by any means, in whole or in part, without prior written approval.