In this episode, we will be answering a question from Janson via instagram.
For his third question the outlook for the property market 2020, I’ve explained that it’s important for us to know what will influence the market what’s the role of the government.
There are only several ways that the government controls the market. Interest rates, taxes, policies, and cooling measures. Our current market situation is the result of too many cooling measures being introduced with the fear of property bubble. However, looking at the current direction of the government, they are keen on promoting home ownership among new buyers. Also, most of the infrastructure works such as new highways will be completing this year. These are always keen drivers for the market.
Lastly, it’s really just based on how you look at the cup, is it half empty or half full. But I strongly suggest to be a realistic optimist where we invest only in properties within our affordability.