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I have a low floor 5i in Woodlands Drive 72 with a valid valuation but no buyers since Feb 2014. My agent say market is weak. I have a BTO coming. Upon checking with the latest resale prices and the huge drop in number of resale transactions around especially in Q4 2013, i would like some feedback from distinguished agents here. 1) How is the market condition, is it weak with low buying power ? 2) My unit is low floor so I may have to sell under valuation, how low can I go to attract buyers ? Isnt 15K to 30K below valuation too much ? 3) At 20K valuation, the price of my flat is almost equivalent to the recent transactions around the area ... should I just accept a low price so I can get some buying interest from buyers ? Please help advice ....
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3 Answers

Mike Lim
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Morning, The buying power in the market is still strong. However, with buyer's market, they are more into shopping and hunting around, especially for good deals. As to whether to sell at around current transaction pricing, it would depends on your financial standing since you are getting another new unit. For most transaction, if the location, feel and condition of the unit is right, the next deciding factor will be the pricing. Do feel free to contact me if you require further assistance. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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OHMYHOME PTE LTD
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Unlock the power of HomerAI by Ohmyhome for all your property needs! Explore e-valuations, neighborhood trends, and DIY calculators tailored to your financial goals. With access to a vast network of potential buyers and top-rated agents offering competitive rates, achieving your real estate dreams is within reach! Read More
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Landon Chew
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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