AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
is it true that the number of transaction does affect the potential price of the hdb estate? For example, new estate like Punggol tends to have more transaction than the rest and thus, because of even out effect, the median price will normally be stagnant or small changes to its price.
0 •
341 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Mike Lim
Replied
Afternoon,

The quantity and quality of transactions within the same sector will affect the resale prices. High supply will result in sellers asking for lower but comparable COV. Every seller hope to get better offer but not to the extend of losing a potential buyer.

FYI
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
YT Tan (陈永达)
Replied
Hi Homeseeker,

To add on to what Mike said, volume of transactions within the same sector will have an impact for future valuation of sale units thus it will affects the overall purchase price inclusive of COV.

But like Mike has mentioned, more supply but stagnant demand, the asking COV wont be that demanding.

I will love to assist you in your home purchase if you even need any help.

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E: yt.lovelyhomes@gmail.com Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions