7 Don't overcommit

Although Singapore remains in a recession, improved sentiment and high sales of new homes have drawn some speculators back into the market.

Developers are launching more properties. They typically hold preview sales for guests, who may also be offered discounts of around 5 per cent.

Developers may also raise their prices slightly at the proper launch.

That is when some flippers will offer to sell their units at a level a tad below the launch price, experts said.

It may seem like a bargain, but is it?

Do not be tempted to commit immediately, said Mr Cheng.

Always consider the purchase seriously - because the same risks remain.

This article was first published in The Straits Times.