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Hi Raymond,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, HDB transactions has been on the upward trend since 1 year ago and many flats were transacted with COV.

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

Hi Raymond,

I suppose I can fully understand the dilemma you are facing. The situation is as such, given that Punggol town has a steady supply of resale HDB coming into the market, the situation where younger flats will be more favourable among the buyers will be a reality, unless your location is just across the MRT and bus interchange. Even with Punggol Digital Hub development coming up, the scenario of buyers being attracted to younger flats will still be a factor. On top of that, the private market that is so hot now does not seem to be slowing down and cooling down anytime soon, and no one knows how much it will go up before the cooling of prices will come in. If we look at OCR land sale price in Ang Mo Kio where the likely launch price is going to be $2,000psf, the likelihood of purchasing a private residential home with a higher price is actually highly possible if you decide to hold now.

It is therefore important to work out your requirements and priorities and then assess what are the options moving forward before you take any further actions.

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 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's 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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi Raymond,

Theses are good questions which can be answered through an understanding of the market and your needs.

You may text 9620 0827  for a casual chat. We will share with you the market trend, transaction process and time line and an estimated financial statement for your understanding and reference.

Warmest regards

Gavin Read More

Hi Raymond,

1) Important information such as current finance status was not mentioned. Thus it is difficult to assess your options.
2) Usually when we meet up with clients with any doubts. The 1st thing we need to do is to do a basic asset financial analysis to understand is there any option.
3) Owning a home and owning an asset is a different story to start with.
4) Thus I will use a general case to discuss. All resale prices will come to a stagnant regardless of how premium it is. This is driven by market power, and not a single person or unit can change the situation or shall say the effect is minor compare to the whole market.
5) The normal case for an HDB is its price reached maximum upon MOP. After that, the price will start to settle down after the wave of selling at MOP is over.
6) For private it is the TOP which is the peak of price and after that, the price will start to settle and stagnant.
7) Thus it really depends on your financial status to determine whether it is suitable for you to upgrade/downgrade or just do a right-sizing to enjoy the fruits of the current property.
8) As for the idea of "hyped" up the price. I think you forgot that our country has been enjoying the constant growth in GDP. Property price is driven by the increased cost of land, materials, labor, etc. I believed your salary is different from 18 years ago as well.
9) The fact is our government did a good job to implement various cooling measures to the property market to ensure there is no bubble built for so many years.
10) Looking at China's major cities, their property price had increase grew more than 10 folds for the past 18 years. Our property growth is only a mere 10's of percent.
11) We can discuss more if you allow me to present to you what the whole world and Singapore property have changed for the past 18~20 years.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Raymond,

You are right in your observation that price has remained stagnant and likely in the future, it will remain so because of the large number of supply of flats in Punggol. Buyers today especially the younger ones are also more savvy and most prefer newer flats with more balance lease.

The covid 19 situation also provide you with an excellent opportunity to sell the flat due to the spillover demand from the BTO buyers. HDB prices and volume are trending higher and therefore it is a good time to secure a good price for the flat. As for new condos, there are some projects which are still very value for money and once all these projects are sold out, the newer ones will be bench marked to the higher land sale price.

Please feel free to contact me so that I can understand your situation better and provide you with some in depth analysis and figures so that you can make an informed decision.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
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 compl Read More

Hi Raymond,

Your observation is right, and I think it's clear for all to see. Most of the Buyers will prefer newer flats as compared to older ones if the flats are of similar size. Unless your older flat has a unique attribute (i.e size of EA/EM, super prime location) over the newer flats, it is understandable that demand for older flats will be lower.

Transformation of the area may bring in more demand, but do take note that Buyers will still be concerned about the decaying lease of older flats.

As for your next step, whether to upgrade or stay put at your current flat, is very much dependent on your family profile, needs, and expectations going forward. There is no "one-size-fits-all" solution for everyone, because every family is different in many ways, in terms of family size and profile, financial standing etc, with may have very different needs too.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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