Somebody was telling me unless you are very desperate for a
place to live, better to wait and see how prices go in the next
year or so.
Her reasoning is this:
If prices still persist in going up in the next 12 months and
you are waiting to buy, then assuming a gradual appreciation as
shown in past quarters, the increase in price should be roughly
equivalent to what you would have saved in the next 12 months say
eg. $10000 a year. (cash + cpf)
That amount saved would have been roughly equivalent to your
using the money to pay off the monthly mortgage had you bought the
flat now at present time anyway.
But if prices drop in the next 12 months and you purchase 12
months later, you would have gotten a better deal by paying
less.
She is of course holding other factors constant and assuming
interest rates are stable.
You think she makes sense? 
