“Crisis is opportunity”, we’ve heard time and again about Covid-19, the Global Financial Crisis, etc. For those eyeing the Singapore private property market, however, the saying over the past year has been “Where is the opportunity?” Despite the pandemic, not many people can say that there have been a ton of discounts. Even the biggest known fire sale of 2020 – at 38 Jervois – had little to do with Covid-19; it was more about the Additional Buyers Stamp Duty (ABSD). Recent news by analysts are going to disappoint opportunity-seekers even further. It may not be a “buyers’ market” in 2021 after all, with private home prices rising at their fastest pace since 2018, and HDB resale prices at a nine-year peak. Here’s why the momentum might be continuing: The state of the property market going into 2021 We have a full report on the past year in this earlier article. In addition, recent flash estimates by the URA (see above for links) suggest the property price index for Q4 2020 will see a 2.1 per cent rise....