Video description from @notgpodcast
Singapore’s property market is showing unique dynamics amidst rising interest rates. Unlike other markets, property prices here don’t typically drop—they just increase at a slower pace. This is partly due to high entry costs, such as a 30% down payment and buyer stamp duty, which make it challenging for owners to sell quickly. As a result, many choose to rent out their properties to cover mortgage costs.
We also explore differing opinions on the market’s future, with some concerned about the possibility of a recession. Watch to understand why Singapore’s real estate market continues to remain resilient despite these challenges.