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May I know why has HDB valuation gone up so drastically in 1 year even through economy is not doing so well? If I buy a HDB at high valuation, will it HDB valuation drop drastically also in 5 years time?

Posted by Venus Yeo - Aug 27, 2008 in Home Buying - 238 Views

Latest Answers by Real Estate Professionals (1 answers)

J. Kleinman

Posted Aug 28, 2008

Hi Venus,

For a pin point answer, we have to place an economist and an experienced realtor head to head.

However, my opinion is that HDB always has a slight edge over the private sector because of the strong backing it receives from the govt. Therefore, it will continue to maintain in demand by the general public. From the news, we can see that quite a number of Singaporeans & PRs for that matter, are downgrading from pvt units to HDB. Hence the demand and value increases.

During the course of the next 5years, I suspect that with speculation of population increase and the IRs and other major events that will take place in the region, HDB and even pvt property will see an increase.

There is a few more things I could add, but it would probably be better to chat over a cup of coffee or at least over the phone. Feel free to give me a buzz or drop me an email. Hope to hear from you soon.

Best regards,

J.Kleinman
90292624
kleinman@erasingapore.com.sg
www.kleinman.myweb.sg

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