Saturday, August 14, 2010

Wait for property market correction

One big, costly mistake that a consumer can make is to overpay for a property, out of panic, and to watch it fall. Look at what happened in the USA.

The property prices in Singapore are too high, due to low interest rate and temporary shortage. This applies to all types of properties, including HDB flats. It is better for consumers to wait for the price to fall to a more affordable level, rather than pay a high price that will burden you for the next 30 years.

Read my FAQ, "invest in property" in www.tankinlian.com/ask.aspx