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Hi Guru, is it true that with the current HDB resale market sentiment, majority of the flats in Punggol, especially the bigger ones are selling at valuation or below valuation? I saw some are even asking for 30-40k below valuation. Even below valuation, some are still unable to find buyers. Why is it so? If this trend continue, the prices of HDB flats in Punggol/Sengkang will definitely decline in the coming months. What do you think ?
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Morning, The potential of oversupply of units within Punggol and Sengkang area had being anticipated during their building and TOP stage. Given the current pricing, one can purchase similar or bigger sized units in matured estate, hence making things even tougher. The whole market are driven by supply and demand and HDB have also reviewed that most of the 'sales below valuation' unit are around certain particular estates. I cannot anticipate the market trend tomorrow but it will definitely have it's impact. FYI Mike Lim 96929209  m52i@yahoo.com ERA Read More
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  • KK
    Thanks for the reply. In this instance, sellers asking for COV will find themselves very hard to off load their flats, right?
Dear sir/madam, This is a no brainer as it has already been reported in the newspaper that resale price index and dipped a little. 1 reason of this phenomenon is that home owners in Punggol have already purchased an EC or private property where TOP is soon therefore they will need to sell their current place before they can take over possession of their new place, which results in the urgency to sell. There are also plenty of units for sale in the market resulting in more supply than demand, thus the next best option for homeowners will be to slash prices. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More
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