Covid endemic, change in the work culture. How will this affect property prices?

As the age old saying goes, time stops for no one.

This phrase rings thrillingly true for us especially in a period where we see the impact of a global pandemic of our lives - now turned endemic - and experience the obstacle of adapting to carrying on our daily lives with it. As we witness the changing tides of society as we know it, one of the major changes we have come to grasp is the change in work culture today.

In efforts to combat the endemic, the government has started to impose a work-from-home default for a big percentage of the workforce here in Singapore. Due to this, many working professionals have adapted to working from their own impromptu office at home. However, this has also given rise to many working professional individuals with a desire and need for bigger space within their homes, as well as privacy while they are working from home.

As a result, this shift in the work culture today has led to many working professionals to look for new launch units and especially resale units, thus driving prices in these markets up. With a huge demand in this sector, prices have gradually risen in the resale market, causing prices to exponentially increase on a consistent basis.

How would this revelation affect you as a home seller and a home buyer, and how will this affect your property portfolio with the decisions you make moving forward? Here at WonderHomes, we dedicate ourselves to providing you with the best property insights and based on the current market analyses! With our experience of being in the real estate industry for many years, get a comprehensive understanding of your property portfolio today!

Drop by our website at https://www.wonderhomesg.com/ and give us a call!