It's tough being a buyer in the markets today. I just sold off my private property a couple of months ago and am on the lookout for a new home. The search for a new home has indeed been challenging amidst the current market conditions. Based on projections by the various major players, it's expected that the private home prices will finish 2022 with a 10% rise. This is similar to the 10.6% year on year surge seen in 2021. This means that private home prices are going to rise by double digits in two consecutive years. In fact, the URA Property Price Index of private residential properties has already appreciated for ten consecutive quarters. Now you can see why it's tough to be a buyer in the current market conditions. The reason behind this rise is due to a simple economics theory- supply and demand. Take a look at...