It’s been a while since I’ve last updated my website. How have you guys been doing? 2019 was one of the most successful year in my real estate career, as can be seen in my achievement(s) – TOP 534th Position amongst 7xxx agents in ERA Realty Network Pte Ltd! Again, it couldn’t have happened without the constant support and encouragement from all of my clients, friends and family. Really really thankful for you guys whom have given me the opportunity to assist with your property journey.
This year, 2020, is going to be yet another challenging year amidst the global coved-19 crisis. However, as proven during the SARS and H1N1 crisis in the past, there will always be opportunities in the real estate market. Key highlights, it can be seen that purchase volumes usually dips during a crisis (but there’s volume). To fellow realtors out there, business isn’t bad (to the point of no sales, it’s just lesser). To buyers/sellers, this is a time where as long as the price is right, seize the day!
While the above chart illustrates transaction volumes, the chart below illustrates price index of property in Singapore. As can be seen, the current low will always remain higher than the previous low.
So, when is the right time to buy? This is a common topic amongst buyers i’ve encountered. For me, there is no right time to buy a property – cos unless you are a very awesome fortune teller, you won’t be able to perfectly time the lowest price point to purchase a property and the highest price point to sell a property. If you can really do that, please just bless me with the $8million Toto draw numbers so i can retire.
Jokes aside, I always preach – “It’s never too early to start planning”.
By planning , it would mean to get clients to consider at which stage of life are they currently in.
1) Wealth Accumulation Stage? versus 2) Retirement Stage? or they belong to the 3) Just settling, no goals stage?
Being an adult still in the early twenties, i’ve big dreams and goals. lesser commitments (no aging parents yet, thankfully, and no kids) would mean that i have disposable income that can help me reach financial freedom faster if i choose to place my money in the right place, or that i can choose to just enjoy myself with non-tangible experiences like travels. So i would discuss these details in depth with my clients and friends. For some, experiences > more than retiring early or achieving financial freedom. And for some, affordability is a big concern. At the end of the day, there’ll always be a lot of uncertainty and fear of making the wrong decisions – that’s why you have us, experience realtors that are willing to be part of your property journey! Fret not, while it’s going to be the biggest ticket item that you’ll purchase, but i’m gonna be with you every step of the way.
Ps. Starting from now, I shall endeavour to do a blog post every now and then to update on property sentiments in Singapore and of course, journey as a realtor! P.s let me know what you’d like to read about and i will try to do something about it. Hopefully I’ll be able to put my corporate communications degree from Singapore Management University to some use.
STAY CONNECTED WITH ME FOR YOUR PROPERTY NEEDS:
Ashley Chan @ https://wa.me/6581182829