5 Answers

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

It is currently a seller's market with most sellers asking at above valuation. However, the silver lining is there are some units that are being auctioned off by banks. Therefore, there is a possibility you may be able to snag some good deals in the market.

Hope this answers your question.

Best Regards,

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Ling CK
Hi,

1) Resale unit usually does not have the capital appreciation seen from new launch.

2) The best outcome in terms of capital appreciation for the resale units is when a collective sales successfully went through. The en-bloc price is usually 30~40% premium compared to the resale price of an individual unit.

3) The advantages of resale are:
(a) Immediate move in
(b) Able to assess the pros and cons using naked eyes and all the other senses.

4) Singapore property is quite unique in a way that very rare people have to sell at a loss. Most of the negative sales we heard are because the selling price is insufficient to pay off the CPF accrued interest.

5) Do note that CPF accrued interest rate is accumulated in terms of 2.6% per annum. Thus if your property did not manage to appreciate 2.6% and above, you will face a consequence of the negative sale.

6) There are also cases saw in 2013 where the property price plunged down due to the cooling measure. And the owner is unable to hold till the market picks up.

7) Thus other than to time the entry timing, it is best to ask whether you are able to hold it till a better exit timing.

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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Geryl Lim
It is difficult to ascertain on how much a property purchased in the resale market will grow in terms of value unlike in new launch where the start off point for all the units are relatively similar. For resale market, alot will depend on your entry price, versus how much growth were there previously, the potential future development plans in the location for future potential growth.

In the resale market where there are still significant number of 1st time owners still yet to sell, they will play a critical role in determining if resale owners like you will enjoy growth as their gain is considered based on their entry price and can be lower than your entry price. This will delay the price growth of your property.

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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Lexus Teo
Good day,

Its because of the pandemic not despite the pandemic that prices are soaring. if its for own stay and its a HDB/private i reckon you to purchase. However, if its for investment the market has currently swung towards leasehold resale private and freehold resale private. The prices of new launch private aren't as competitive as it use to. Probably due to increased cost of construction(lack of labour and materials) and land prices.

Lexus Teo
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www.Facebook.com/LTERealEstate
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Robbie Chen Chee Howe
Hi,

I think it largely depends on the unit that you're going to purchase and the price you purchase it at. There are thousands of resale listings in the market, and not all will perform at the same rate of growth going forward.

Some factors affecting growth includes:
- tenure
- age
- supply and demand
- development size
- surrounding area property type and unit mix
- transformation

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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