There are so many speculations on the prices of private properties after TDSR, but there is a smarter way to find the hidden gem and buy into affordable properties and still capital appreciation despite market downturn.
How to Find Value During the Cooling Measures
Within each market segment, specific areas and homes perform differently and have reacted to the Cooling Measures in different ways.Sometimes prices get out of whack. For example, a buzz around a project, especially a new project, pushes prices above the areas fundamental value. Other times, the market can forget about some projects, especially older ones, and those projects units trade below the fundamental value.Over time, though, the price of similar projects tends to equalize. This means the overpriced homes will decline while the underpriced homes will increase until the neighbourhood for similar projects has achieved equilibrium.Using information and technology, a smart real estate agent can identify areas in which projects are in the process of equalizing and take advantage of the opportunities presented by this phenomenon. Read more…
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