8 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

The HDB resale market has been on an upward trend.

According to HDB's flash estimate for the third quarter of 2021, the Resale Price Index (RPI) is 150.4, an increase of 2.7% over that in the second quarter of 2021.

As such, most sellers will be selling with cash-over-valuation (COV).

If affordability is not an issue, then by all means you can buy a resale HDB flat.

When buying an HDB resale flat, you will be subjected to the Mortgage Service Ratio (MSR) and Valuation Limit (if taking an HDB loan). MSR refers to the portion of a borrower’s gross monthly income that goes towards repaying all property loans. Your MSR is capped at 30% of a borrower's gross monthly income. You can read more about it here:

Your Valuation Limit is the lower of the purchase price or valuation at the time of purchase.

If you are taking a bank loan, you will be subjected to the Mortgage Service Ratio (MSR), Valuation Limit and Withdrawal Limit.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More


Gavin Ng

You may text 9620 0827 for a casual chat.

Warmest regards

Gavin Read More


Mandy Hsieh
Good evening!

I have 3 rooms HDB flat for sale on hand, can whats-app or call me Mandy 98589530 for more information.

Best Regards

Mandy 98589530
OrangeTee Read More


Geryl Lim
Dear sir/madam,

There is no outright answer to your question because there is still some factors that may swing the decision either way.

1) Age of 3 room flat you are targeting to purchase and price
2) Your intended holding period for this 3 room flat

Above 2 factors are the main factors that can make a difference to which options you should choose. While it is difficult to project how prices of resale market will hold in the near future, the key thing to understand here is that if you go for room rental for another year or so, assuming that the room rental is at $550 per month, your outlay that cannot be recovered will be $6,600, while assuming you are purchasing a 3 room resale HDB at $300,000, where your initial outlay is $75,000 assuming you are undertaking maximum loan, your monthly instalment works out to be about $745 per month (assume interest rate at 1.2%). If you were to rent out 1 of the common room at $550, your monthly outlay will be $195 and this amount can still be recovered in the event that you sell this 3 room flat in the near future, which essentially may turn into a profit for you too.

Take note that above are just assumed scenarios and that it is still important to run through your exact requirements and finances before determining your best option.

I have been in the real estate business since 2009, with more than 10years 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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

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My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More


Ling CK

1) If you are buying for your own stay, there is no point to wait out.
2) Although I cannot say I can forecast when the HDB price is going to settle down. But one thing I'm sure of is once it's settled down it will still be higher than the current price.
3) According to the latest information from the HDB is the building speed remains slow, and this cannot be corrected within the next 3 years, due to the nature of the industry.
4) Unless suddenly a new technology surfaces in that could speed up the building process.
5) Current the lego building method (PPVC - Prefabricated Prefinished Volumetric Construction) is already a great improvement compared to the past.
6) Therefore my suggestion is to go ahead with your buying plan, but negotiate carefully so as not to over-commit in your purchase.

7) Prepare yourself by doing the below before setting out to buy:
(a) Register "Intent to Buy", valid for 1 yr: https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp
(b) Apply for HLE, valid for 6 months: https://www.hdb.gov.sg/cs/infoweb/-/media/doc/EAPG-COS/retrieve-draft-hle-application.pdf

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

Any response to our answer does not reach us.
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Kim Peh

Rent or buy also depends on the location and the price.

I have a 3 Rm flat for sale, you may like to take a look and we can analyse further.

Feel free to contact me, Kim @ 96734521, wa.me/6596734521

Best regards,

Kim Peh
ERA Realty Network Pte Ltd
Mobile: 96734521
Email: kimpeh88@gmail.com Read More


Robbie Chen Chee Howe

If affordability is not an issue, I would strongly advise you to purchase rather than rent.

This is because there is no guarantee that the prices will drop more than what you will be paying in rent for the next one year. If prices continue to rise until next year, you will be purchasing at a higher price. Or will you tell yourself to rent for yet another year?

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


Taufik Hussein
Analysts have stated that besides the delay in BTO construction causing a surge in resale market, a time lag impact of HDB giving more grants to first timer buyers buying a resale is another reason for the hike in HDB resale prices. BTO and Sales of Balance continues to be oversubscribe and it might take few years for HDB to keep up with the demand. Till then HDB prices might continue to rise though at a slower rate. I am well specialised in HDB transactions and the vast majority of my buyers managed to secure a house without COV despite the current market situation. I have also served a couple of single buyers like yourself. Do contact me at 93375051 for a free and non obligatory discussion on this,

Mohammad Taufik Bin Hussein (Taufik Hussein)
ERA Realty Network Pte Ltd
CEA Reg No: R061607B Read More