Asked by Anonymous
I own a 5 room HDB in punggol and I have been hearing news that prices may go down by 20% by 2015. I may actually move out of singapore in medium term (2-3 years). Is it advisable to sell the property now and move on rent? Or you think that such a big correction in price is not possible and rental cost would offset the profit from selling HDB?
Property agents, please also let me know your personal assessment how much do you think the HDB prices can decline in punggol in next two years (in percentage) - Thanks
Property agents, please also let me know your personal assessment how much do you think the HDB prices can decline in punggol in next two years (in percentage) - Thanks
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What it means for me is that if I decide to leave singapore in 2-3 years or have to leave singapore due to recession or problem with job, if I can't rent then I will have to sell it without having an opportunity to wait for better market situation.
If I sell and move on rent now, I will probably be paying around 30k in rent annually. So two year rent would be 60k, do you see the possibility of prices coming down by more than 60k in two years?
Comments appreciated by all agents