Based on 2013 CMs, the tug of war between buyers and sellers/Developers seems to last longer than this round. The waiting game in buying is getting shorter for this round ever since our latest CM has just crossed its one year anniversary.
Is it because buyers are sick of waiting? Instead of hoping for a major price correction, they probably reckon that chances are slim?
actually until today, i dunno if i made a right decision.
i sold my telok kurau in july 2018 and bought my current Kovan resale at September 2018.
a lot of pple told me the moment i sold my place.
"dun go and rush in for a replacement home.
go rent for 2 years and slowly find. CM effect takes time and market will drop."
nonetheless, i already knew where i wanted to stay and already shortlisted a few before i even sold my place. so the moment i sold my place, i was on full turbo to close any shortlisted houses in my list.
Fast foward today,
i think i am right is because,
1)
until now, market prices has not crashed.
infact my current house price has all increased in SRX value, UOB Valuation by a fair bit
BUT not Edgeprop Fair value. It has dropped actually. (which kind of worries me)
2) I have to also take into account of the rental. if i still have not purchase any replacement home by now, i will actually have rented a year and counting.
i think i am wrong is because,
1) sometimes i wonder if i could have gotten a better unit since i rushed in.
but in anycase, my wife and i are pleased with how our house renovated to be and we are very comfortable with Kovan, so i guess there is always a better house out there and there is no end to comparison. so be contended with what we have. this is how i console myself. haha.
my own personal journey in relation to NiShiZhu remarks on potential buyers waiting game.
of course any potential buyer out there that are still waiting, if u are buying for investment or buying for ownstay but no need for rental cus u have a temporary house to stay in for free, then i think time is on your side and should not rush like me.
and yes, i am still wondering until today if i made a right decision to purchase 2 months after cooling measures.
haha. thats why i am so into reading in property forum to keep myself updated with current property sentiments.