AskGuru Q&A Community

Good afternoon Chris,

I understand where you are coming from, it is a delicate situation you as the home owner find yourself in. The nearby Bidadari developments are in public awareness and may have already been priced in for current resale flats in the vicinity. Perhaps we could discuss further and get more inputs so to make better recommendations?

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
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W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked. Thanks Ivan! :)

-- Sellers of Exec Maisonette Gaffoor & Isha --

Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.

-- HDB BTO 4rm Sellers at Sengkang, Jonathan & Abigail --

By faith, we signed the contract with Ivan and in less than two weeks time, we opened our house for the first and the only viewing, days later the OTP was signed! Thank you for all your excellent diligent services and all the professional advise!

-- HDB upgraders to New EC owners Mr. & Mrs. Goh --

My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More

Hi Mr Chris, 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, can I have more info of your HDB unit detail so that I can find out about the unit value on your behalf alright? And just to add on, moving forward our HDB flat is no longer deem as an investment anymore but just a roof over our head.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr Chris,

Important verification to be made: Who indicated to you that price may rise because of Bidadari development in the next few years?

This is a process which we termed it as speculating. I am not saying it will not appreciate over time with the progress of development in Bidadari, however, it is not a certainty too, given the vast supply in pipeline that can erode your pricing. Market value is one thing, for example, in Marine Parade estate, point block units are still transacting at relatively high prices in excess of $900k despite the age. Many times, we deem this as a market value, however, if we examine closer on the situation, there is an average of about 2 units sold each month, and a check on PropertyGuru, we can easily find that there are more than 50 units up on market looking out for buyers.

What can this be translated to? A market value does not necessarily mean it will be transacted at that value. Therefore if your plan is to restructure the existing portfolio and upgrade to a better lifestyle in private residential, if you have already done your sums and calculations necessary and determine that you are currently in a good position to do so, I'd highly encourage you to make your move and not speculate. Sure, if price does appreciate, this piece of advise will seem like a bad advise, however, you probably need to also understand that you have upgraded your lifestyle over the period of time too and I am quite certain that the next home you will be purchasing does also have their appreciation potential which you do not lose out in practical terms too.

Instead of speculating, you are actually in control of the situation as you will be able to make adjustments as market sentiments shifts. This is why I always encourage my clients to make their move 1 day earlier than 1 day later as we do not know what will come tomorrow, but only do so if you have done necessary calculations to understand the implications financially for such a move.

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 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ 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.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565  .

I look very much to hear from you soon.

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! Register at bit.ly/RealDealSG today.

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Regards,

Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565  Read More

Hi Chris

Looking through the blocks of HDB flats in Joo Seng Road, there are mainly 2 groups, those with a balance least of 60+ years and those with a lease of fewer than 60 years.

It is in my opinion that as the tenure of the flat is nearing the expiry of the lease, its value will deteriorate.

You may text 9620 0827  and we will share with you an article and case study that the resale price will decline as the length of lease decreases.

Attached is a link for your reference. https://tinyurl.com/y39sn9gp

Regards

Gavin Read More

Hi Do contact me at 97970200  to discuss more on your possible solutions

Mark, your RIGHT choice
Propnex Read More

Hi Chris,

One important factor you have to look into. If your HDB appreciates $100k, the condo you're planning to upgrade to, will more than likely to appreciate in excess of $200k.

This will mean that, although you made $100k for your HDB flat, you will be paying as much as $200k to $500k more for the same condo that you're upgrading to.

In my opinion, this is considered one of the best times to do a property portfolio restructure, be it if you're upgrading or downgrading.

As to the basis why I made such bold comments, do get in touch with me and I will explain it to you in further details. No obligations.

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

Hi Chris,

In my opinion, this is a good time to upgrade to a condo as now we are in a buyer's market and buyers have the upper hand due to the large supply of units looking for an owner now.

Your HDB may not appreciate much even when the new Bidadari estate is ready. I will be happy to show you some data and statistics which can help you make a more informed decision.

I have assisted many of my clients to upgrade successfully and seamlessly. Please feel free to contact me so that I can understand your situation better and draw up a plan for your consideration.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients

“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer) Read More

Chris, whoever that tells you to (a) wait... or (b) buy, please be wise about it..

Because ARE YOU SURE you want to risk it all by just because someone told you this or that?

This is what we call EMOTIONAL DECISIONS, and statistically, decisions made based on emotions aren't the most ideal, in most cases.

Allow me to share the WHYs, the HOWs, and most importantly, THE NUMBERS and you decide yourself!!!!

Please feel free to drop me an email EdPropertySG@gmail.com or https://bit.ly/ask-ED

All the best buddy! Read More