Resale Market Surge: Will it Sustain, Accelerate or Decline?

Problem today - the resale market continues to surge, many consumers out there are concerned if it's sustainable. In fact many are waiting for it to come down since covid till today, but unfortunately, it is not what we are expecting. Moving forward, will it come down?

Why prices are not dropping? 5 Factors that cause the prices to be resilient:

1. HDB prices are increasing and many have made good profits
2. Rental market is strong
3. Replacement cost is high, seller wants higher price
4. Investors are not willing to let do because they can't buy back
5. Gaps between NL & Resale is wide, thus making resale still affordable, due to loan issues

How?

1. Find out how to SPOT undervalued properties
2. How to determine whether you should buy a new or a resale property

What should we do next? Buy or Wait?