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Singapore will not take a hands-off attitude to property cycle

How to leverage on property cycles to sell and buy property – Redbrick Mortgage Advisory In real estate, timing is everything. Whether you are a homeowner, investor or a renter, it is important to understand how the property cycle works in order to make the most of your property.

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The Singapore Government will not take a hands-off attitude to the property cycle and allow bubbles to develop. The Minister for National Development, Mr Lawrence Wong, said this at the Institute of Real Estate and Urban Studies (IREUS) Conference on ‘Real Estate and Urban Studies’on May 24.

Zoning divides a city into districts that allow for different uses of property. Too many cities, I think, take a reactionary approach to it," he said. "We were really proactive, but in retrospect,

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The government has concluded that it cannot take a "hands-off" approach to managing Singapore’s property market and allow asset bubbles to develop. "This is not what a responsible government would do," says Lawrence Wong, Minister for National Development and Second Minister for Finance.

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Essentially property prices will hold firm as people find value in security and serenity that comes with living in Singapore. My personal take to prospective buyers out there is to seriously consider making a purchase in the next two years. It is an extremely good time to be a buyer in the property market. This scenario will not last forever.

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How Long Are Home Appraisals Good For?  · An appraisal’s "term of validity," in real estate parlance, generally lasts between 60 and 120 days, depending on the type of loan. An FHA loan appraisal is good for 120 days, while a VA home loan appraisal is good for six months.