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Good morning,

You can consider to engage a professional to guide you along the way. Checking estimated value and past transactions will give you more confidence in getting a resale HDB without or minimal COV.

HDB pricing will cool down provided there are new supply to tame the high demand. Based on MND Desmond Lee's most recent comment, I doubt the price will go down soon unless there is further government intervention. Low supply of housing, high demand, price will increase.

https://www.straitstimes.com/singapore/housing/bto-flat-waiting-times-between-4-and-5-years-even-with-covid-19-delays-desmond-lee

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

1) We are facing the same situation as you.
2) It is very difficult to estimate the exact valuation value as there are different opinions from every valuer.
3) You have to rely on the past 6 months' transactions to estimate the possible valuation. You can find this via this link:
https://services2.hdb.gov.sg/webapp/BB33RTIS/BB33PMobileReslTrans.jsp

4) Every offer is a gamble but the good thing is you can negotiate with the seller to get the best out of it.
5) The price of a resale flat will not go down at least for the next 2~3 yrs. It is becoming even so due to the delay in the BTO.
6) In the past, if we recall 2012 when the resale price of the HDB was rising. The Minister of National Development announced the number of BTO increased by 3 times; from an average of 7k to 22k.
7) But the price did not come down until MSR was introduced in 2013.
8) Thus we said this trend will continue unless the govt intervene the market by increasing number of BTO and implement a new cooling measure that addresses this.
9) Finally to share with you most of the recent transactions encountered incurred $10k~$30k is quite common.

Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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