AskGuru Q&A Community

Evening,

I'm sure you have gathered news that resale private property market ain't doing well. With more new launches TOP in coming years, things might not be as rosy. Your best catch might be the low psf pricing and sizing.

FYI.
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

It may not be a given that 10years later it will definitely go at a higher price, when cooling measures are set to stay in place, and private resale price index moderating downwards. Newer condo projects might also be favoured next time.

May I do an analysis for you with transacted data so to share with you the pros n cons of selling now and later? You can make your conclusions from there. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More

Good evening seller,

Difference between selling now and in 2 years' time might not necessarily means you are able to sell at a higher price then compared to now as the project will be privatized. It might just be a larger pool of buyers.

For instance, if foreigners can purchase a private property that is younger than yours and at about the same pricing and size in the same area, I think they will prefer a younger project.

As for early redemption of loan after refinancing, you might just have to bear some penalty costs.

Maybe I can assist you with drafting out a financial plan first to see how you can proceed from there.

If you need any assistance in your property sale, feel free to contact me via email or mobile as Propertyguru doesn't prompt us for any reply to our post.

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Dear sir/madam,

What are your plans moving forward if you sell? Buy another property? Buy what type of property? I fully understand that a seller will definitely hope to sell high, but how much higher can your property fetch between now until 2 years later? In a real estate cycle, we are always riding on opportunities. Sell low and likely buy low which means you are not losing out in the buy sell process. What matters will be the prevailing interest rates. Are you going to capitalise on the current low interest rates and move on supposedly you are intending to upgrade where loan quantum maybe bigger?

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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