9 Answers

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

We are sorry to hear about your situation.

An old estate like yours will be challenging to market as the pool of buyers will be limited due to the pro-rated CPF usage and the Ethnic Integration Policy (EIP) quota. However, the location is ideal as it is located close to the city area and may appeal to some buyers who may not mind older flats.

We advise you to engage an experienced agent who specialises in your area who will be able to come up with a comprehensive marketing plan.

Hope this answers your question.

Best Regards,

Team PropertyGuru
Aaron Chong
Hi Intan, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, could I have more info of your HDB unit so that I can find out about the unit value on your behalf alright?

Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg
Robbie Chen Chee Howe
Hi Intan,

I can totally understand your frustration. I had previously helped my Indian Seller sold off his EA at Mei Ling Street, after marketing it for close to 1 year. Before me, he had many agents who had been trying to sell the flat for more than 2 years.

Besides the Ethnic Quota restriction, the balance lease of the flat is also a challenge for many Buyers today. Jalan Bukit Ho Swee is very good location though, and sure appeals to many people.

Perhaps I could share with you how we can maximise exposure for your flat, and get you a Buyer for your flat in the shortest possible time?

I am experienced and well-versed in HDB resale transactions.
My area of focus is in Central/Queenstown/Bukit Merah/West region, and I am blessed to have transacted several record-breaking "million-dollar" HDB flats over the past 1-2 years, with many others in the $900k+ range. I will be able to assist you on your property plans.

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
Jeffrey Heng
Hi Intan,

For the houses in Jalan Bukit Ho Swee, the older flats are indeed already quite old. As such, there are only limited groups of people who can buy. So during the marketing process, we will need to target the right group of buyers for your property. I know the place very well as I grew up in Bed Crescent, which is just in front of Jalan Bukit Ho Swee. Even some times when it is along the way, I will still go back to the area for my meals. Brings back good old memories.

I always believe that for every house, there is a defined owner for the house and we will need to do our best to find that owner but in the right direction. If you are ok, maybe can I trouble you to contact me so that we can have a chat on this. I will share with you which direction I think we should approach to find that buyer. No worries on the chat as there are no obligations at all. We can just take it as a chat. If you feel comfortable to work with me and my team then we will of course be more than happy to assist you. As you also mentioned that you are doing an upgrading then a detailed financial calculation is also very important. We will also be doing that for you so that you can make an informed decision with figures in hand to guide you.

I have started a system with my team about 5 years ago to assist our sellers in the sale of their property and that system is still very widely used today as we have successfully helped many sellers not only to sell off their unit at a faster rate but also at a good price. I will be more than happy to share that system with you also.

Just to share a little on myself. I have been in the industry for more than 10 years. Over the years, I have served many clients and many are my friends now. Many have also left testimonials for me for my service rendered, I was also featured in CEA's newsietter together with my partner for Great Client Service. I also won the SAEA Real Estate Excellence Silver Award for Best Client Service. I have left some links below so maybe I will need to trouble you to copy the links to your internet browser and take a look. Hopefully this will give you some idea of how I conduct this business. I am proud to say that we have always placed our clients' interests in the top position and I believe we will be able to offer the same level of service to you and hopefully even better.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com

Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
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Taufik Hussein
Hi Intan
I understand the complications due to the limited pool of buyers available for older flats and the location itself being undesirable for most minority race buyer. I could not promise that I can sell your flat within a short time period but with right marketing strategy, monitoring of the outcomes during the selling process and some perseverance, I would be able to find the right buyer for you. I have experience selling 'undesirable units' before such as a unit located just besides the expressway (noise is expected at all hours) and an overpriced original condition DBSS where the size is smaller than most 4 room BTOs. Do contact me at 93375051 for a free and non obligatory discussion on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd
OHMYHOME PTE LTD
Greetings from Ohmyhome!.

Our premium agents and customer support team are at your service throughout the entire selling process, from advertising and deal closing all the way through to conveyancing and handover of your unit.

Kindly contact us at 68869009 or WhatsApp us at 97551009 for more information.

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd
Silvia Yang
Hi Intan

I am unable to advise without further info such as full address, condition of the unit, facing/direction, etc
I will be glad to assist finding the right buyer

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com
D. Kumar
Hi Intan,

Thanks for your query!
I totally understand your dilemma - and I am confident to be able to advise and guide you as I have handled a couple of racial quota transactions in the dated past.
What's most essential in the upgrade/downgrade process is the - financial cash computation and calculations. In these cases, it's always best to have a professional work out your financial cash projection, generation of sales proceeds and factor in the likely purchase price so that the process is smoothly facilitated and ensure you a tidy profit.

What's also to note- in this weak market where resale units pricing are falling and are left on the shelves for months. Do you have the right medium to expose your property to throngs of prospects? Do you understand the own value of your house? Do you understand the valuation and exact transaction/sales in your block and surrounding vicinities?

All these play a part in ensuring you reap your profit and at the same time, enjoy the best of both world's. As agents, we have all the tools, skills and marketing strategies to help bring light to your plans. I always advise my clients to have a preliminary discussion to derive more information and requirements as well as share more on the market insights/ comprehensive marketing strategy of unit as well as take this as an opportunity to understand my working style.

You can always asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare and interest to get them the best possible deal. Website : www.kumarrai.com. Thank You

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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Geryl Lim
Hi Intan,

To say I can understand your frustrations is a lie, unless I have been through the whole process myself. Coming from an agent's perspective, even having transacted units with ethic ratio restrictions, we also cannot say that we understand you but merely have the experience of handling such transactions.

As your existing unit is indeed challenging, with a meagre balance lease as well as ethnic ratio restrictions, the very first mistake to make I feel is to engage many agents to sell your property, as such a move will discourage the agents from focusing on the assignment because of the challenges and non-guaranteed success. The next consideration is definitely the pricing, with a diminishing lease balance and ethnic restriction, any buyers with a logical frame of mind will definitely be looking at purchasing this apartment at a fraction of the typical market value, and this will in turn affect your purchase of another place financially.

Have you ran through all these details?

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
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