Is the Singapore property market due for a correction: a 2022 review
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Is the Singapore property market due for a correction: a 2022 review

Mar 2023
Dec 2022
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  • Housing prices and rents have climbed since the beginning of 2022. More Singaporeans are vying for BTO flats, which has also contributed to a surge in demand in the resale and executive condo (EC) segments.
  • Monthly mortgage bills could grow as interest rates rise. There is an increasing tradeoff between using your CPF to service these mortgage payments and saving for your retirement. 
  • While no one can fully predict how interest rates will move next year, there are robust refinancing mechanisms to help property buyers reduce the effective interest rate payable.
  • To get started with Endowus, click here. Find out more about the Endowus Global Real Estate Portfolio and the outlook on property stocks here.

About the session 

Singapore’s property market remains remarkably upbeat in 2022. But with rising interest rates and new rounds of cooling measures, are prices due to soften in the next few years? What risks in the housing market should homeowners and investors look out for in 2023? 

At this in-person event held in November 2022, industry leaders from Endowus, ERA, and Redbrick Mortgage Advisory unpacked the implications of the latest financial and policy changes within the Singapore property market.

Watch the recap of the session as Sin Ting So, Chief Client Officer of Endowus; Alex Lim, Executive Director of Agency at ERA; and Clive Chng, Head of Relations at Redbrick Mortgage Advisory, discuss: 

1. How Singapore’s property market has changed in 2022 

2. The latest property cooling measures, and whether they will affect you 

3. How to manage your mortgages and investments amid rising rates


00:00 Introduction

00:33 How Endowus has worked with ERA and Redbrick

02:41 How Endowus helps you to invest better

07:06 Inflation hits much closer than the numbers show 

08:08 More Singaporeans are facing difficulties in paying off their housing loans

12:10 Singapore’s private property prices have continued to climb 

14:37 There has been a surge in the private residential rental market through 2022

18:51 No more million-dollar HDBs? Impact of the latest property cooling measures

23:20 Recent increase in the stress test rates for home loans

31:10 What’s next for interest rates in 2023? 

33:54 Should we use our CPF or cash for our property purchase? 

37:30 Here’s why you shouldn’t think about your property as investments

45:15 How do you find gems in the property market? 

47:10 Thinking about investing amid rising interest rates

Read more: Facing up to rising mortgage rates

About the speakers 

Sin Ting So, Chief Client Officer, Endowus 

So Sin Ting is the Chief Client Officer of Endowus, a leading digital wealth platform in Asia. Sin Ting has spent close to a decade in the wealth management industry at leading banks in Hong Kong and Singapore, including Morgan Stanley and Nomura. 

As Chief Client Officer, Sin Ting aims to make investing accessible and bring best-in-class investment products and solutions to retail investors at scale. She leverages her extensive wealth management experience to deliver the best customer experience digitally, from building a seamless onboarding process to efficient multi-channel customer support. By combining an intuitive, customer-centric platform with an advisory fee-only model, she believes that Endowus truly places the customers’ needs at heart.

Despite her experience in wealth management, Sin Ting found it challenging to manage her personal wealth in a holistic manner. She hopes to spread financial literacy and enable investors to make informed decisions about their own financial future.

Alex Lim, Executive Director of Agency, ERA

Alex Lim is a real estate peak performance coach, property investor and a digital marketing strategist. He has also groomed and trained many real estate professionals to become self-made millionaires.

Alex joined the real estate industry in 2006, just as social media took the internet by storm. Using the rising giants of social media—Facebook, Google, and YouTube—Alex found roaring success in the ascent of digital marketing, transacting over S$800 million in property sales over a decade of bold online marketing feats. Alex also earned over S$1 million through his digital marketing campaigns and online strategies within a span of 12 months.

Today, he is one of ERA’s top trainers and leaders, imparting his knowledge and business acumen to the next wave of aspiring salespeople, to help them replicate his success.

Alex's mission is to inspire a new breed of dynamic real estate salespeople to grow their business, to open their minds to new possibilities, and to empower them to pursue their dreams.

Clive Chng, Associate Director, Redbrick Mortgage Advisory

Clive Chng is an Associate Director for Redbrick Mortgage Advisory. As a trusted advisor, Clive is passionate about helping his clients realise a property investment portfolio they can be proud of.

Clients from banking, human resource and the finance industries enjoy working with Clive as he offers clear, actionable and unbiased advice.

Having been invited to share his insights and perspectives on real estate investments and cash flow management, Clive continues to keep abreast of the market for the benefits of his clients.


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