Overstretching finances: One of the most common mistakes made by property buyers in Singapore is overstretching their finances. Buyers may be tempted to buy a property that is beyond their budget or take on a mortgage that is too large for their income. This can lead to financial stress and difficulties in making mortgage payments.

Focusing solely on the property price: Buyers may be tempted to focus solely on the price of the property and overlook other factors such as location, accessibility, and potential for future growth. It is important to consider all these factors to ensure that the property is a good long-term investment.

Not doing enough research: Some buyers may not do enough research on the property and the surrounding area before making a purchase. This can lead to unexpected issues such as noise pollution, lack of amenities, or poor accessibility.

Not considering resale value: Buyers may not consider the resale value of the property when making a purchase. It is important to consider the potential for future growth and demand in the area to ensure that the property has good resale value.

Ignoring additional costs: Buyers may not consider the additional costs associated with the purchase such as stamp duty, legal fees, and renovation costs. It is important to factor these costs into the budget to avoid any surprises later on.

Not engaging a professional property agent: Some buyers may not engage the services of a professional property agent, which can lead to missed opportunities, incorrect valuations, or issues with the property purchase process.

To avoid these common mistakes, it is important for property buyers in Singapore to do their due diligence, seek professional advice, and carefully consider all factors before making a purchase decision.