7 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

Generally, such units in mature HDB estates tend to fetch far higher prices compared to older units. This is especially true in Ang Mo Kio and Toa Payoh where old HDB flats with less than 68 years of lease left see their value depreciating.

For example, according to data captured on HDB’s website, there were 14 transactions for 4-room HDB flats in Toa Payoh in January 2020.

The data showed a strong correlation between the price versus the remaining lease.

For instance, older HDB flats (4) with 54 years or less of the remaining lease were transacted at an average price of S$334,500.

Meanwhile, newer HDB flats (4) with 76 to 81 years of the remaining lease were transacted at an average price of S$641,062.

This represents a price difference of 91.6 per cent.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Aaron Chong
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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Taufik Hussein
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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Silvia Yang
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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Geryl Lim
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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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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Nick Tan
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:
http://bit.ly/CEAnews

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”
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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.
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“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.”
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“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) Read More

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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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