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As I am looking to buy a hdb in tampines estate,I went to hdb resale website to take a look at the prices.We noticed that the prices done in recent months were more or less the same as in previous year.So why is everyone saying price has started sliding?Maybe in some estate but not ALL.
When I am selling my condo,agents said price dropping and when I am buying,they said is a good price.Really can't understand this business.
Richard Lee
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2 Answers

Morning Richard,

You are working based on today's pricing against previous year's pricing. If the cooling measures were not kicked in, the pricing you see today would have vast difference. Furthermore, the estate with significant pricing drop are those located in non-matured estate. Many units tend to obtain TOP at the same time with first time HDB owners trying to cash out and move on. And as for condo, we also understand that even developers are cautious on their pricing so as to be competitive. Do you think buyers will be willing to throw in huge quantum for resale?

FYI
Mike Lim
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Dear Richard,

Don't only depend on hearsay but look at data and its sources. As a salesperson, we have these information with us but as a home seller and buyer, it is also important to do some homework on your own.

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