Good advice in general.Max Headroom wrote:If you haven't already done your fair share of research, start now and keep at it. By the time it's time to swoop in, you'll be a property pro and, in all likelihood, you won't be spending one cent too much.
Like any market, trying to time the "bottom" can be tricky.Max Headroom wrote:If I were you, I'd relax and sit on the fence a little longer. There's every indication that property will continue its slide in both the foreseeable and unforeseeable future.
Transactions are already starting to increase, but not prices.
This has usually been the indication of "smart money" returning.
By the time you notice prices starting to rise it might be a little late.
Using CPF for housing is a good way to preserve cash flow, especially when starting at a low point in the prοperty market.PNGMK wrote:You'd be better off paying cash for your M/G payments and conserving OA in your CPF account for a rainy day (i.e. unemployment or time off) when you can use it to fully service the loan as well as of course saving for retirement. IF Singapore gahmen really wanted to crash the property market they should drastically reduce the ability to use CPF for property. I have used it for that and now at 52 I regret.
Best to be sure you intend to keep the prοperty for the long haul.