This is just a sentiment check. I am vested.
1. All these talks about tapering, interest rates going up in 2016 is a good thing. I would be more afraid if everyone is bullish now.
2. Interest rates have been historical low, what goes down has to goes up. All these news and warnings should be enuff to create awareness among owners. There is a timline of 2 to 3 years for interest rates to move up to a level that is quite significant (provided there is no sudden change in fed policy). That would give us owners and investors enough time to build up more war chest to buffer the rate hike. Easily most prop investors can accumulate 200k to 400k in 2 years. That will see us through the winter (higher mortgage installment).
3. Tapering is because fed feels that us economy is on the right track. Sg is a major partner with usa. Improvement in their economy could only mean good news for ours. This will create more jobs, more expats and hence rent has the chance of increasing as by 2016 the supply of new units also would taper.
4. Are there still value buys? There are. Many said u would have missed the boat if you didnt invest prior to 2009 (after the lehman collapse). There ARE still places where the price is still at 2009 psf. These are desirable places.
5. Since I am vested in a few properties, I can tell you that I HAVE NO INTENTION IN SELLING. I am pretty sure this is the sentiments of most property owners/investors. Reason being the previous CM has made our financial position pretty strong (Rental at least twice mortgage payment). Yes, there will be some panic selling, valuation may drop but volume will be v thin. So to those mtb, good luck to you if you can snap up a fire sale. Most of us are staying put to milk the rents.
Just my own sentiment as a owner and investor both in sg and abroad.