Why Timing the Market Rarely Works (Especially in Singapore)
We’ve all heard it: “I’m just waiting for the right time to buy.”
Usually followed by… waiting some more. And then waiting until the market goes up. Again.
Truth is, if you’re buying a home in Singapore — not flipping condos like pancakes — timing the market often ends up more like missing the market.
Let’s unpack this with 3 simple truths (and a real story that cost someone $300,000):
1. The market doesn’t wait
Kendrick Lee, former Singapore badminton player and now finance executive, knows the feeling.
Back in 2008, during the financial crisis, he spotted a great property deal. But like many of us, he paused. He was indecisive. What if prices dropped further? What if it wasn’t the perfect time?
My biggest financial mistake was not being decisive enough… led to big opportunity cost of about $300,000
Ouch. That’s a pretty pricey timeout.
You can read the Straits Time article below.
2. Fear is the obstacle in your way
Most people don’t wait because they’ve run the numbers. They wait because they’re nervous. And who can blame them? Property prices are big numbers.
But in Singapore, the window of opportunity doesn’t stay open long — especially for decent units in well-located areas. Delay too long, and someone else grabs it while you’re still calculating your Excel sheet formulas.
Fear is not easy to overcome. But learning from others’ mistakes hopefully helps you.
3. If you’re living in it, you’re already winning
If you’re buying a place to live — not to speculate — then timing isn’t everything.
What matters is:
- You like the space.
- You can afford it.
- You’re planning to stay a while.
That 3% premium, or even 10%, you think you could be overpaying is insignificant in the long run.
If you’ve found a place you like and it fits your budget, that’s already a win. Property is a long game. Don’t let fear or perfectionism keep you on the sidelines.
The best time to buy? It’s when you’re ready.
The second-best time? Before someone else makes the offer.
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