There are seven kinds of market buyers: speculators, specu-vestors, investors, investor-occupiers, owner-occupiers, foreign buyers and property agents.
Speculators are the type of buyers who purchase property with a vision to flip it to immediately generate profit. They hold no plan on living in their property. The layout or design of their property is of little importance to them as long as they can make money out of it. While other speculators trade their homes hours after they have purchased it, a few speculators have not even dared to move into the showflats. This is the group you can depend on for recession-defying rise in prices, blank cheques and queues.
Specu-vestors refer to those who purchase to flip, but if necessary, they can afford to hold on to their asset. Property advisers used it to distinguish a fresh crowd of speculators with monetary muscle from those who were involved throughout the boom of 1996.
Investors purchase property with a lasting objective. They aim to either trade it at the most excellent time for capital pleasure, or rent it out to regularly earn an income. Seasoned investors will rather do their own investigation and be more cautious compared to speculators.
Investor-occupiers are the first-time investors. If they encounter any problems renting or selling it out, they do not mind to reside in their property. They may have a marginal interest in investing or risk-averse; however, they want to profit from any increase in values.
Owner-occupiers are the type of buyers who are the hard to please. This group seek for a home where they can reside. For this group of buyers, timing is not an issue as they prioritise their needs. They are pleased to trade in a growing market, although they will typically have to purchase a replacement property.
Foreign buyers are two groups of purchasers. One group is comprised of Indonesians and Malaysians who have long purchased into the Singapore market. This group usually have friends, family or businesses here. The other group is comprised of high-spending foreigners who recently got attracted to Singapore mainly due to its growth. They invest in the country simply for investment purposes, to consider it as their second or third home or just to speculate around.
Property agents serve the type of purchasers mentioned above. Currently, there are about 30,000 agents in Singapore. Some of this type of buyers cannot refuse a good buy once they see one. It is not surprising that some agents invest as the agents are in the position to sniff out the best buys.
They have acquired the first taste of the cherry at fresh launches, although not essentially at the best price.
[extracted from PropertyGuru.com]
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