My Blog

The 8 factors signalling the price movements

Despite pandemic, total 2020 new home sales are matching 2019’s sales number.

Beginning of this year see Normanton Park sold about one third of 1,862 units on first day of its launch.

Why is market doing so well ?

Is it because of CONFIDENCE of the property market or because of PRICE ?

A Semi-detached unit was sold $490,000 above the guide price during Auction.

Overall HDB market picked up 5% in 2020 after stagnant for so long.

Overall residential market moved up by 2.2%

Is this a good news or bad news ?

There are somethings we have to understand.

- Singapore Economy likely to recover in 2nd half 2021.

- Vaccine is in Singapore.

- Lazada, Alibaba and Tik Tok and Amazon in office leasing deals.

- Rental market is moving fast.

How We can look at the 8 factors affecting the property cycles.

- GDP vs PPI.

- STI vs PPI.

- Unemployment rate vs PPI.

- Opportunity of Hedge against inflation.

- Volume vs Prices.

- Unsold Supply vs Demand.

- Reduction in GLS supply vs Unsold Supply.

- GLS Land bidded Price vs demand.

We are now at depression, and market is moving towards HOPE.

The next 6 months is opportunity for all of us.