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Good afternoon,

If you are looking to wait it out, there has to be factors that will make the price dip happen. Barring an global economic collapse and high unemployment rates, my opinion is it is unlikely we will see major price drops in for HDBs in punggol. It is still a developing estate with various amenities in the pipeline (one punggol, cross island MRT, punggol coast MRT, digital district and SIT university), and BTO prices here have been edging higher. The new BTOs once reached MOP are also likely to set higher prices in the next few years, especially those sea-facing units. These are factors that will prop up prices here and outweigh any potential drop factors. If you are referring to Punggol HDBs near the MRT area, it is all the more unlikely the prices will drop much.

Resale EC prices have reached an all time high currently and I think the pace of price growth of HDBs will be faster than 2 bedroom private properties in Punggol as this estate's biggest demand is generally from families with kids and they will need space and at least 3 rooms. It is a good time to exit with the supply-demand dynamics still in sellers favour, and interest rates still relatively manageable.

Just my 2 cents. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Dear sir/mdm,

The market for resale condo, resale EC as well as resale HDB are closely knitted, therefore any price movement upwards or downwards are generally in tandem with one another. In this case, since you are selling and purchasing together, it will be a case of sell high and buy high or sell low and buy low. The real estate market in Singapore is pretty transparent that most consumers have access to the transacted prices, thus it will take a significant effort to look at selling high and buying low. Perhaps you should consider what are the additional factors like children, parents, school and work arrangements to decide what could be the best move.

I have been in the real estate business since 2009, with more than 13 years 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.

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, it is really up to your level of urgency whether to sell soon or to wait and see. As you said, the resale HDB price is on a surge but when you sell your existing EC unit, it be on a high too.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

I'm not sure why are you so certain that the resale market will drop in 1-2 years time? And if it indeed drop like you predicted, won't your EC prices drop too?

It is highly unlikely that your EC prices appreciate while the HDB flat prices falls.

In my opinion, rather than looking at "Price", focus on your "Needs" instead. Ask yourself what are the reasons for the shift? And does it make sense for you to shift now, or 2 year later?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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

Hi Sir/mdm

for your property matter
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Koh zhen hon
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