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I think HDB owners with their flats within less than 1km radius of the MRT station should be careful not to sell their HDB flats too cheaply as they are effectively sitting on a goldmine. Land near MRT station is scarce and there will always be limited supply of units available for rental near the MRT station. Flats with 70-80years remaining the lease that are capable of fetching more than $2k plus per month in rental are worth far more than the $300-400k plus it is sold in the market currently.

I would like to hear some of your comments.
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2 Answers

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
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  • AB
    Also your lengthy past has no relevance to the topic
  • AB
    Not interested in reading your testimonies, sorry.
Resale flats transacted prices are solely based on willing seller and willing buyer. I do not agree that only flats which are near to the MRT should be sold at a premium, but rather all sellers should do their sums proper and sell at a price that fit into their financial plans, not just because "market is selling at such price then I have to sell at such price" mentality which in my opinion is the pushing pitch by many salesperson after the "Sell at $XX COV" pitch when valuation before sale process is twitched.

Similarly, a buyer does not need to pay market price to purchase a property if it does not fit into his or her needs and financial plans even if he or she can well afford to purchase, just because surrounding transactions are higher or lower.

A real estate consultant should come in as an advisor to their clients in managing their assets accordingly. An agent just assist their client to sell or purchase a property for 1 single transaction. This is my 2 cents worth.

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