Apart from client demands, realtors in Singapore also had to deal with changes in the real estate industry, which include the market being more driven by global challenges like inflation, rising interest rates, and the pandemic.
“In any market, referrals are usually the best source of leads…Simply put, if the fishes aren't biting, I have to go where they are," she told Singapore Business Review. "As long as we are able to educate buyers and help them with their decision making, that will help boost their confidence [into buying properties]," said Lim.
"Inflation, high mortgage rates and record high home prices are chipping away housing affordability...waiting may not be a viable option because there isn't likely to be any significant improvements in the prices or the interest rates. I believe trying to predict what might happen next year is not the best home buying strategy," Lim added.
"This is not to say that local is not important – it is, and it always will be – but factors including solid international reputation and political stability have solidified Singapore as a safe harbour for wealthy international investors to navigate turbulent seas," Yap added. “I have been working closely with Savills’ counterpart offices and colleagues to expand my regional network. Across the different regional offices, we work hand-in-hand to ensure that we have in-depth and up-to-date knowledge of capital flows,” she added.