5 Answers

YT Tan (陈永达)
Good evening,

I think it really depends on the HDB cluster you are looking at. Checking out the past transactions against the current asking will give you a better picture how much COV will you be expecting.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
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Good day!

Tampines Central 7 & 8 have some newly MOP units for sale asking $600-650K, for current market most of the unit HDB will match for valuation, but for high floor some may need to pay around 30K COV . Pls give me a call at 98589530  for more information.

Regards
Mandy
 98589530 
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Dear sir/madam,

There is no generic guide on how much COV you should be expecting to pay for purchasing a resale HDB now, since valuation request can only be put forward upon agreeing to a price with the seller, option money of up to $1,000 paid to seller and seller granting you the Option To Purchase (need to submit valuation request using the serial number of the Option To Purchase). Only when results are out, then you will be able to know how much COV (if any) is involved.

The generic guide is to study the price trend of past transactions to estimate the valuation and make a judgement and offer from there. Since sellers have different reasons to sell, you could be lucky to encounter a seller who needs to sell urgently due to having a purchased another residential property and require to sell fast in order not to pay Additional Buyer's Stamp Duty for all you know.

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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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi,

1) Every unit is unique thus I'm afraid it is impossible for us to provide a guide over this.
2) There is a COV range from $10k~$60k in the market for now.
3) It is best for you to check on the past 6 months' transactions before offering a reasonable accepted price rather than trying to match the asking.
4) In general a newly MOP flat is always asking for a premium due to it is new and less heavy renovation needed, and also because it has a higher remaining lease.

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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