The Big Read: Why are buyers still snapping up new condos at ever-rising prices despite property cooling measures, economic uncertainties?
Prices for new condominiums have been soaring in recent months, with the increase over the past decade outstripping wage growth
Yet newly-launched units are seeing "robust" demand from buyers, with some developments selling over half of the available units over a weekend
What is striking is that this is happening amid economic uncertainties and the latest round of property cooling measures by the Government
Real estate experts told TODAY that confidence in Singapore's market and a fear of being outpriced in the future are driving some to buy condominiums
However they warned that buyers need to know that property purchases come with risks, and also gave some suggestions on how to cool the market