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Any ideas on the effect of newly MOP HDBs on price of surrounding HDBs(older/resale ones)?Will it bring the price down (since supply is up) or up (if the new HDBs are commanding higher prices than current value of the older flats?
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6 Answers

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi
These really depends on factors such as location, how old is your flat etc. I do provide free and non obligatory consultation in reegards to this. Do contact me at 93375051 .

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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Hi Sir/Mdm

Which area are you referring to?
I will be glad to assist
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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Dear sir/mdm,

There is really no standard answers to your question about newly MOPed HDB bringing up or down the pricing of surrounding HDBs.

Taufik has mentioned an important aspect whereby he mentioned about location. You have also pointed a valid point in terms of supply and demand.

For what I have observed, it boils down to the existing supply and demand. For non-mature towns like Sengkang and Punggol, resale units prices can be adversely affected by newly MOPed units as the bulk of supply in the resale market for buyers to choose from will definitely affect the pricing, and coupled with added motivation to sell from home owners who have already committed to an upgraded property, this will adversely affect the pricing in the market.

For mature estates like Tampines or Pasir Ris, the supply of newly MOP HDBs will be significantly lesser, therefore it may create a positive effect to the surrounding home values as the disparity between the new and older flats can perhaps spur buyers to opt for the older flats.

Nevertheless, it really takes more than just reference to the sales transactions of homes in the market to determine a pricing, as individual homes are different therefore we need to really dive deep into what is available in the market and what has transacted in the market in comparison to your unit before we can determine or position the unit correctly in the market.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Dear Sir/Mdm,

From my experience, whenever there is a new BTO project that is launched, buyers in the area will try their luck at the balloting as the flats are newer and often at an attractive price. This will lead to a temporary cooling of interests in the resale flat. However, there are still buyers who are looking to move in immediately and not have the luxury of waiting for a few years for the unit to be ready.

In the long run, however, as the flat lease gets shorter, the value will go down with time as buyers prefer newer flats and therefore your unit will become less attractive to potential buyers.

Please feel free to contact me so that I can understand your objectives further and provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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Testimonial from Satisfied Clients

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Robbie Chen Chee Howe
Hi,

I think it is very much dependent on the specific location. It is not across the board, just like how different properties can perform very differently during an upcycle or downcycle.

May I have know what are your plans going forward? Perhaps you could share with me, so that I will be able to give you a more appropriate recommendation?

I am experienced and well-versed in both HDB resale and private transactions. I will be able to assist you in your property plans.

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.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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