Singapore Property Price Index
is the only thing u need to know
The property index depicts the current health of the property market hence knowing this is vital. Looking at the chart, the first area (Between the red lines) was caused by the dot-com crisis followed by the gulf war. In 2005 (Green line), Government injected stimulus that boost the housing price. Lastly, 2008 (Last set of red lines) the housing bubble crisis.
Learning to interpret the chart will help you in buying and selling your house at the so-called “right” time. For example, in 2005 Government have introduce a stimulus whereby Individuals can take up to 90% loan and only have to pay a 10% downpayment for the house. Which mean you would probably get a good loan rate (Since housing is down) and you have additional 10% spare cash (since …