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Generally, the flat's values will appreciate abit compare to your purchased price due to surrounding developments and whether your estate is in demand in the current market. For faster reply please call or whatsapp me at 9696 4398  .
Stewart Lim - Propnex Read More

Hi,

Well from experience I do have a relevant case study for you, the figures are mixed as different sellers have different urgency and eventually it starts to stabilize at certain range. After the 4rm transaction which I did at yishun jade spring, there were transactions above or below the figure I have sold. Some part of it is also due to the interior conditions as well and how urgent they are to progress to their next housing plan, have to factor them in as well.

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.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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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.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. 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.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

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.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Dear Sir/Mdm,

Usually upon the 5 years MOP, there will be a wave of owners who will immediately put their flats on the market for sale. Before the MOP, the only comparison are from the flats transacted nearby which are of similar age.

Once a unit is transacted within your cluster, it will set the benchmark for the transacted price as well as for the valuation. Therefore, it can be tricky when putting your flat for sale upon MOP. You may need to price your flat carefully and ensure that your unit has got certain advantages over your many competitors to achieve the best price.

I have helped clients who just had their flat MOP to achieve record high prices. Please feel free to contact me so that I can understand your situation better and provide you with more informed recommendations!

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

Featured on Council for Estate Agencies (CEA) Newsletter:
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Testimonial from Satisfied Clients (2016/2017)
“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)

“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.”
Susana (Buyer)

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Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi,

This is an interesting question. I am generally focused on such properties, having transacted such properties at record prices. I would love to share my opinion on this.

When an estate reaches MOP, there will usually be a "pent-up supply" situation, where these owners have been planning (for the past 5 years) to sell their flats as soon as their flats hits MOP. This results in a surge of supply of flats in the cluster.

Whether prices goes up or down after the 1st unit is sold, depends largely on the price the unit is sold for. Hence, pricing the unit right is very important for the general trend for that estate.

In most cases, it is always the best to be amongst the first units to be sold, before more and more units come into the market.

Prices are generally affected by Supply vs Demand. When more units become available, Buyers will have more choices, and thus Sellers become disadvantaged in terms of pricing.

It is also very important to look at the unit mix in your cluster. If your flat size is of lesser supply, you will be in the commanding position. A very good example would be to take a look at some of the DBSS, where the supply of 5RM flats is more than those of 4RM flats. In such a situation, I would think that a 5RM flat is harder to get a buyer than a 4RM flat. On the other hand, the owner of the 4RM flat knowing that his unit is of lesser supply, would be able to achieve a "better price".

Are you looking at the option of selling off your newly MOP flat? If so, do get in touch with me for further discussion.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

For estates reaching MOP, do prices generally go up or down after the 1st unit within the estate is sold? Am curious if there is a trend...

Hi,

Very interesting posting.

I believed you would hope that the answer is positive to your favor.
However, the truth is there are no definite answer. Factors below shall determine how the trend will move towards:
(a) Supply and demand: Are there more choices (similar type, level, condition, facing etc) available after the 1st transactions.
(b) Was the 1st transaction price right? Since both buyer and seller are interpreting the same set of date; past transactions within that region with the similar specifications.
If the 1st transaction, was higher than the past transaction, the trend will move upwards, as the 1st transaction will set the benchmark.
If the 1st transaction, was lower than the past transaction, the trend will move downwards, as perceive as not that valauble.
However, this is not a constant, because 2nd transaction could be entirely different from the 1st.
Most of the time, few transactions will happen at the same time, never see only one transaction happen at a particular time.

Thus it is always best to be among the 1st "batch" rather than the 2nd "batch". Because if the 1st "batch" condition is poor, all the remaining pricing will be greatly affected.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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