By Gerald Tay (guest contributor) We know property prices have gone down, albeit just an 8% dip since the peak in 2013.There’re plenty of arguments from “experts” (who mostly argue against) on whether the Singapore Property Market will face further severe price correction, perhaps to the lows seen during the 1997 Asian Financial Crisis, the economic stagnation period between 2002 and 2005, and the 2008 Global Financial Crisis. Time to jump in? Prospective buyers who are eagerly waiting on the side-lines are looking for answers can be easily misled.Some arguments suggest buyers, instead of waiting for the “impossible” scenario of a bloody market, should take advantage of the “discounted” prices by developers who are desperately clearing stock today. Those who argue that buyers should jump in now cite the following reasons:

1. A low employment rate of 1.8%.
2. The economy is projected to grow positively, albeit at a ...