It could be one of the factors that affect the selling price, but buyers also look at other factors such as location and proximity to amenities.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng Realtor
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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --
Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.
We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked. Thanks Ivan! :)
-- Sellers of Exec Maisonette Gaffoor & Isha --
Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.
-- HDB BTO 4rm Sellers at Sengkang, Jonathan & Abigail --
By faith, we signed the contract with Ivan and in less than two weeks time, we opened our house for the first and the only viewing, days later the OTP was signed! Thank you for all your excellent diligent services and all the professional advise!
-- HDB upgraders to New EC owners Mr. & Mrs. Goh --
My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More
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Yes it might be one of the factors that affect the selling price as there will be more restriction from CPF for buyers who purchase HDB less than 60 years remaining lease. However,older HDB will also have its own market as some buyers only look at other factors such as size and location.
Kindly whatsapp me at 9726 1112 with your property details. I would be glad to assist you further
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The normal factors that affect pricing are:
(3) School Zone
In Singapore, property less than 60yrs is the next major factor affecting selling price.
This is because majority of HDB flat buyer utilize CPF to finance their purchase.
There is a rules in CPF that property less than 60 yrs lease cannot fully finance by CPF.
Thus you lost almost all buyers who are younger than 50 yrs old. Unless buyer willing to fork out cash to purchase rather than using their CPF.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: firstname.lastname@example.org if more information is needed.
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Old estate generally win on location but lose on lease balance , specifically speaking everything else being equal , if there is a newly MOP minimum occupation period hdb selling beside your hdb , the new block will be worth more .
Kindly contact me Joanne Chia at my mobile +65 8333 3327 for a no obligations chat for your property needs.
My charges are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents ) .
NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.
Email : Chia_joanne@yahoo.com.sg
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Yes, for a flat with balance lease below 60 years, the Buyers of these flats may have some restrictions on loan as well as CPF usage. Because of these restrictions, your targeted audience pool is reduced, hence it may affect the pricing for your flat.
I am experienced and well-versed in HDB resale transactions. My area of focus is in Central/Queenstown/Bukit Merah region, and I am blessed to have transacted several "million-dollar" HDB flats over the past 1-2 years, with many others in the $900k+ range.
I will be able to assist you in finding the right buyer to pay the right price for your HDB flat. Please get in touch with me for a more in-depth discussion on the sale of your flat.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
PropNex Realty Read More
The key concerns for purchasers looking into aged flats are mainly due to loan and CPF usage restrictions, especially for young purchasers who are looking to start up a family, where they are likely to leverage greatly in terms of home loan and CPF usage for the purchase.
For units where location is premium, I believe that pricing is not going to be a huge factor, but pool of purchasers is likely going to be limited to the downgraders who will be financing the purchase through cash.
Let's discuss more such that we can understand the situation better. With more information on hand regards to your unit, we will then be able to ascertain from the past transactions, whether if there is still healthy number of transactions ongoing versus the number of similar units in the market in comparison, and take necessary steps to improve the marketing campaign and increase the chances of securing a right offer for your unit.
Let's keep in touch with private as we are not alerted to any responses posted here.
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Once the remaining lease is less than 60 years, potential buyers will face more restrictions when it comes to loan and CPF usage. Therefore the pool of buyers for older flats are usually smaller and more targeted marketing approach is required to attract those buyers who do not mind shorter lease.
I have transacted many properties with less than 60 years lease and some of them were sold at record high price. Please feel free to contact me so that I can share with you more on the marketing plan and strategies that have enabled me to deliver consistently for my clients.
(M) +65 9644 4854
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Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)
I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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