Hi Ms Wong.
Quite a lot of policies you have to take note of. Some of which are:
Are you eligible to sell your HDB? (e.g is your MOP fulfilled?)
Are your buyers eligible to buy? (e.g. ethnic ratio, eligibility scheme)
What kind of HDB are you going to buy next? (e.g. if it's a direct HDB purchase again, you might have to pay resale levy)
Pricing strategy-wise, we can't really say for sure. While HDB flats are selling at a substantial amount of COVs now, the COVs look to be dropping soon (due to more people eligible to buy NEW flats instead of resale flats, more HDB flat supply by 2014, government not releasing any more COV data, etc.) When COV drops in the next few months/years, you'll have to sell your HDB at a lower price. But at the same time you can buy a resale HDB at a lower price too.
For private properties, you might have noticed that private property prices are always on the rise unless something major happens - e.g. Asian Financial Crisis in 1997, oil price hike in 2000, collapse of Lehman Brothers in 2007. But you would also have seen that after every drop in price, private property price always gain ground again - and each peak is higher than the previous peak.
At really unsure times like now, it might probably be good to start looking already. Some one out there might just be willing to let go at 2009/2010 prices now.
Good luck! =)
Jonathan Pan
CBRE
9688 2200
jonathan.pan-sp@cbre.com.sg
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