Tips On Refining Your Property Search

This year, over 40 new properties will be launched. In a market that is so hot it needs some cooling measures, here are some tips on refining your search.

- Wendy Ker

In 2021, investors and homebuyers were both riding the wave of groundbreaking transactions to nab the hottest properties. As a result of the cooling measures introduced in December 2021, the number of new launches this year may be less than expected. Here are all the new properties you can look forward to, whether you’re waiting for the market to settle or investing right away.

Last year was fantastic for the property market, marked by many record-breaking transactions and new highs. They included a tripling of HDB flats sold with million-dollar price tags compared with 2020, a 10.6 per cent surge in private homes prices, and a 13.3 per cent increase in landed property prices.

HAS 2022 BEEN DAMPENED BY COOLING MEASURES

A hot market requires cooling measures to ensure affordability. As a result, some might find themselves hesitant to buy a property, which is undoubtedly one of the most significant investments in one’s lifetime.

These measures are likely to dampen the market a tad and cause some unease for both developers and buyers. Even so, developers launch new projects, banking on who will continue to make purchases rather than those adopting wait-and-see tactics.