The Future of Singapore Real Estate | 2023 Recap and 2024 Predictions
Video description from @therightmovesg
$200 CASH PRIZE TO BE WON!2023 was one of the slowest years in the property market in recent memory. The question is, will 2024 be any different?
Factors such as recession fears, higher for longer interest rates, volatile stock markets, rising inflation, and the advent of Artificial Intelligence (AI) lead to potential job losses. These are just some of the factors that weighed on the minds of sellers and buyers.
Moving into 2024, hopes are that the Federal Reserve might just pull off the elusive soft landing, leading to a drop in interest rates. However, geopolitical tensions with wars in Russia, Ukraine, Israel, Gaza, Iran, Yemen, and the Red Sea.
A little closer to home, we are about to see a once in a vicennium leadership transition from Prime Minister Lee Hsien Loong to Deputy Prime Minister Lawrence Wong. We found a really interesting (somewhat scary) similarity between this leadership transition and the one that occurred 20 years back. Politics and the real estate market share an inseparable relationship, especially in Singapore.
In this video, we share our predictions, and what excites and concerns us for 2024. Backing up our take with detailed research, facts, and figures.
We also review how accurate our predictions for 2023 are? Taking a closer look at the hits and misses, analyzing the reasons behind them, and understanding what has changed. It is important to consider the various challenges and uncertainties that shaped the real estate landscape.
By staying informed and making well-informed decisions, we can all navigate the challenges and seize the opportunities that lie ahead.
So if you're looking to buy or sell property in Singapore, be sure to watch this video!
In the blink of an eye, we find ourselves once again doing a review and prediction video for the FORTH time.
-PROPERTY MARKET | 2022 Recap & 2023 Predictions: https://youtube.com/live/2H3LZvMiDGM
-2021 Predictions For the Singapore Real Estate Market
