AskGuru Q&A Community

Dear sir/madam,

What are your objectives of purchasing the resale HDB? Timing of real estate market can be especially tricky now. Prices of real estate is very much subjective to the supply and demand aspects. As long as the supply is unable to cope with the demand, the prices will always grow, and in the recent cooling measures introduced by the authorities, you notice that other than lowering the loan to value ratio for HDB loan, nothing much has changed, while there are plans in pipeline to introduce more BTO to the market.

While increasing the supply through BTO, home buyers who cannot wait to move into the place will still be required to purchase. Assume that price does come down, how much will it come down then? Over the next 2-3 years, if you require to pay rental, how much rental will you have paid? Does it make a difference to wait out or to act immediately?

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.

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 
www.geryllim.com
-----
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/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://www.youtube.com/watch?v=QBTN0MSdBiw
-----
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

Appreciate your sharing, in order to help you better can I know you are looking for next 5 year or 10 years plan ? Allow me to meet up to share via zoom session or coffees
Welcome any questions at 9696 4398  via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More

Hi,

1) From the recent cooling measure, I would think there will be an effect to stabilize the HDB price.
2) Mainly affected people are the SC families who are applying for the HDB loan.
3) Therefore the impact would be minimized due to the type of buyers the cooling measures are directing.
4) SPR families are not affected by the latest cooling measures.
5) Personally don't think the resale HDB price will drop from the cooling measures. But the buyer might be more sensible in their offer.
6) The sellers would be more realistic with their expectations. COV would not be as high as in 2021. But this will not go away so soon.
7) Usually this will take another 3 yrs to minimize according to the history.
8) The building speed will still be affected by the pandemic since we still treat covid-19 as the normal flu yet. Until then, the BTO readiness will not change until we are able to import more foreign workers and workplace safety measures can be adjusted to accommodate more manpower to work in the same place.
8) You just have to be careful in your offering and ensure you did your homework before making an offer. Negotiate the price to a reasonable value in order to minimize or no COV in the offer.

Hope the above answer 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

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi,

In my opinion, if you're in need of a place to stay, you should just proceed to purchase the flat. It beats having to pay rental for next 1-2 years, and at the same time risk the price going higher.

Over the past 1 year, we see many SPRs purchasing their first HDB flats, partly also due to the rising rental cost. Bear in mind that these SPRs are paying an extra 5% in ABSD too.

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