4 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

It will be hard to predict the resale HDB market in 5 to 10 years time as it depends on demand and supply, government policies and so on.

The HDB Resale Price Index (RPI) is now at 150.6 in the third quarter of 2021. This was an increase of 2.9% over that in the second quarter of 2021.

Therefore, you are now buying at a high which may impact the resale value.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Aaron Chong
Hi,

In my opinion, I don’t think this unit will hit a million dollars in valuation moving forward.

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

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Robbie Chen Chee Howe
Hi,

It depends on various factors. A 4RM HDB flat in the range of $900k would likely be in a prime location. You will need to study and understand the demographics there to see if it's worth it for you to purchase.

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

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Ling CK
Hi,

1) You have to understand how the price move in the general market.
2) $900k 4-rm newly MOP HDB should be at the rim of RCR most properly just a street away from CCR.
3) Yes, no doubt it is convenient and it is located in a prime area.
4) But you have to understand why a private property in the same area can sell for a higher price but it is uncommon for an HDB to sell higher in the future.
5) Private property has the opportunity to receive enbloc especially when GLS is not much in Singapore. The rate of an HDB receiving a SERS is only 0.4% and at the mercy of a single developer (the govt).
6) According to the general trend of the HDB flat, the highest price it can fetch is usually at MOP, then it will depreciate when the lease reduces accordingly.
7) You may monitor the unit at Pinnacle @ Duxton, and see how much it is selling now compare to it just MOP a few years back as a reference.

Hope the above answer 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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