In my opinion, OCR prices are resilient due to hdb upgrader demand, and there has a been a strong wave of HDB units in the last 2 years that just turned 5 years old and reached their MOP expiry date to be eligible to sell. These 5 year old flats are setting new highs and benchmarks and often they are upgrading to private property in the OCR or RCR region as well.
If your plan is to purchase as investment to rent out, it would be ideal to pick out growth areas where the Master Plan has identified for transformation changes in the next 5 to 10 years. This way you are able to capitalize on the growth trend as well.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
OCR has outperformed RCR and CCR due to its lower entry price and the larger appeal towards the HDB upgraders. Moving ahead, the OCR will continue to enjoy good demand as more HDB units will reach their 5 years MOP marks and owners will look to upgrade to a private property.
Before purchasing a condo, it is always good to examine the data and determine whether there is any further upside to the project. You may also want to plan for an exit strategy to ensure that you are able to profit from the purchase.
Please feel free to contact me so that I can understand your objectives and provide you with some analysis of the market.
(M) +65 9644 4854
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
I have written a guide on buying Residential Property:
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“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 completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“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) Read More
Past 12 months stats (transactional volume):
OCR Resale - 3,767 OCR New Sale - 3,957
RCR Resale - 2,182 RCR New Sale - 4,203
CCR Resale - 1,826 CCR New Sale - 1,312
RCR and OCR has comparable volume of homes transacted where in fact, OCR prices have sort of caught up with RCR prices, therefore where opportunity arises, it will be more feasible to look into RCR segment for better growth prospects.
Let's work out a customised solution catered to your profile for the optimal returns if you are comfortable.
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.
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I will be glad to assist
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
There are many reasons why property prices held up so well, given that we are in the midst of a pandemic.
May I know if you're looking to purchase a condo for your own stay? Or is this for investment purpose?
Why do I ask this? Because purchase for own stay is entirely different as compared to purchasing for investment or capital gain. The product that you should look for is also likely very different.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.
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.
PropNex Realty Read More
There are mulitple factors affecting prices in different regions.
1) Who are the buyers?
Majority buyers do not have a good idea where are all these regions demarcated, thus didn't really know what they are buying.
There are adventurous and conservative buyers in the market. Thus by looking at statistics on prices and transactions does not give us a good indicator on what type of buyers.
Adventurous buyer may buy at their maximum capacity whereas concervative buyer might only buy at 50% of their capacity.
Majority local buyer belongs to latter, thus OCR property price seems more appealing to them.
2) Price trend on these 3 regions.
By looking at quarter to quarter gain or lost is not a good indicator (personal opinion). It is just to satisfy to consumer what had happen from last quarter to current.
Property price does not increase or decrease within short time. It should be looking at long term investment than just 3 months apart. Do not forget we have 3 years stamp duty cooling measure that prevent property from selling their property. This actuatlly affects the real market situation.
Price increase and decrease mainly is on new launch, resale market are property that were bought much earlier.
By looking at the past 7 years price trend from 2013 till now:
CCR: increase by 33.4%
RCR: increase by 17.92%
OCR: increase by 4.46%
Can we say that CCR is a better choice to invest by looking from this alone?
3) All buyers types consists of HDB upgrader, new couple, ad-hoc investor, new immigrants, foreigner etc.
All 3 regions has the same type of buyers listed above, only in different proportion.
You will see less HDB upgrader in CCR, and higher percentage in foreigner.
4) In curretn situation where foeigner is almost exinct due to world-wide air-traffic control, it is not surprise to see dim in CCR.
Therefore it is not a easy to state demand in OCR are more resilient compare to the rest. Having said that, do not forget that EC is also in the equation of price increase.
Majority HDB are built in OCR, only handful in RCR. OCR HDB & EC upgrader buying back private property in where they are familiar is not uncommon, especially may be their parents also stay around that region.
5) Conclude, we may say that OCR are more popular to local and upgraders but not necessary more resilient in price. There are more room to grow in RCR & CCR comparing to OCR, with a marginal growth of 0.64% yearly. I would say this is not a good investment since the growth can't even meet inflation.
6) However, just for discussion sake, I would say there are condo that gain high percentage than highlighted in (5) in OCR. Thus choosing a right project to enter requires intensive research and knowledge in the market before able to pin point the right one. Once identify the project, you also need to identify the right unit to give you a higher chance of optimize your investment.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: firstname.lastname@example.org if more information is needed.
I'll be glad to assist.
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