In the past few decades, we have seen a dynamic Singapore property market. The ever-changing property regulations, fluctuations in mortgage interest rates and uncertainty of the economic future have led some to take a pragmatic approach of “downgrading” to affordable housing as opposed to over-leveraging financial facilities for acquiring a property that puts them in greater debt. The truth is, buying and selling property takes a lot of careful calculations, and any misguided move can lead to major financial mishap that can impact one’s financial stability for a long time.

According to a survey released in October, local property buyers are beginning to take a ‘wait-and-see’ approach due to the looming concerns of the Singapore economy. There are also declining interest rates due to the sky-rocketing prices of private homes and negative projection of rental yields. With all these uncertainties surrounding the property market, it is no wonder that some