#49 Understanding PPI, Impacts of The 15-month Cooling Measure and 2024 Predictions

NOTG Banter is back for the first time in 2024! First thing’s first, Melvin Lim, Yu Rong, George and Joan from PropertyLimBrothers discusses Singapore’s Property Price Index (PPI) across all property types, in reference to the latest flash estimate for Q4 2023.

Today in a very insightful episode: The team analyses the impact of last year's cooling measures and explore the performance of different regions, the effects of the 15-month rule introduced in September 2022, the potential outcomes if the PPI increases by a single digit or takes a dip into the negatives; and many more!

Find out what the team examines and predicts for the 2024 real estate market, as they highlight the significance of holding onto real estate as an asset, especially in times of economic downturn. If the PPI experiences a dip, we discuss how it might present an opportunity for strategic real estate investments.

Exciting news! We're thrilled to announce the launch of our new Telegram community channel! We’ve been receiving lots of questions from you and we want to respond swiftly! Share your thoughts—we want to hear from YOU!

(00:00:00) Intro
(00:02:34) George got chickenpox
(00:03:37) Property price index graph
(00:07:55) Volume of transactions
(00:16:41) Propertylimbrothers Website New Tools
(00:17:05) Does cooling measures impact the market?
(00:22:23) Foreigners hunting for 60% ABSD
(00:23:13) Predictions for landed properties in year 2024
(00:24:53) Categories of landed properties
(00:28:10) Easier to analyse a landed property
(00:29:24) Summation of landed property price index for 2024
(00:40:50) New NOTG Telegram Community Channel
(00:44:09) 15-months ruling
(00:51:06) Decision Matrix
(00:59:00) After 15-months
(01:03:24) Clearing out unsold condo units
(01:12:26) Unsold completed condos
(01:13:00) New launch or resale?
(01:15:33) When the market dips, Buy or Sell?
(01:20:59) Outro
(01:21:15) Outtakes