In my opinion prices will stay flat for the next 2 years. Europe will be sorted out. Slow growth is the likely scenario.
SG property market advantage over HK and China is the undersupplied HDB flats. Its the single most important reason price is unlikely to fall.
Rather to sell and buy back later incurring transaction costs. Ride out the 2 yrs and collect rent if you are a landlord. Inflation will lessen the risk of price correction in the future, if any.
This is good advice, its not going to go down, but more or a sort of plateau. Roughly 2 years for west to recover and when that happens you will have to try to buy a unit all over again, and in a mad market it could be difficult to get back in. Finding a good unit by that time could be tough to say the least.
