Hi Sonu,
With regards to HDB housing in Singapore.
HDB valuation is done using the market comparison method. The resale index is rising due to the COV involved in HDB transactions. E.g. current valuation is based on the resale price of the previous month, hence the valuation is going up. However, since HDB dwellers are mainly buying for own stay, the main determinant would be time. If you are able to wait, there might be chances that the COV might soften, however, due to the nature of hdb valuation, the resale net price will be higher. My advise is to buy when you are ready to commit, especially if you are staying in a rental unit at the moment.
With regards to low floor HDB with average COV vs high floor, the main factor would be what you are looking for. If you get a low floor HDB at an average COV, can you see yourself happily staying in that location for the next 5 years or more?
For any further assistance, feel free to contact me.
Ken Tan
96461490
ken_tankw@yahoo.com.sg
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