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As a consumer who needs to sell and buy simultaneously, I wouldn't say if this is a buyer's market or not since you will be both a buyer and a seller. Timing the market will be 1 of the worst things to do in the real estate market as when there is any movement, it can trigger massive reaction from the market which may result in either no buyers or no listings.

Whether you should sell first or buy first, you will need to consider at least the following:

1) Finances - Do you require the proceeds from sale to finance your purchase? How much loan will you be eligible for if you require a home loan for the purchase? This will allow you to establish the final quantum of the purchase and selling price in this transition.

2) Supply & Demand - How many units similar to your property has been sold within the last 6 to 12 months? How much have they been sold at and how many similar units are there in the market currently for sale? How are these competitors pricing their listings and how is your current HDB compared to these listings available? In terms of purchase, what are your requirements like? Are there many such units in the market to choose from in the event that you have sold your property? Or they are difficult to come by? How about the pricing of these units that I am interested in, do they fit into my financial plan?

3) Transition - Will you consider interim housing between the sale and purchase process?

There is never a standard answer to your question as there are many intangibles to consider, especially if your family has young school children or elderly parents living together. Hope the above helps!

I have been in the real estate business since 2009, with more than 13 years 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 Group Director
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
 +65 92787772 
www.geryllim.com

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Landed Dynamic Alliance
Home of *7772 Hotline
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Hi,

If you do not need the sale proceeds from your current flat for your next flat purchase, you can choose to purchase first. You can have up to 6 months upon your completion to sell off your existing flat.

However, if you need the sale proceeds from your current flat for your next purchase, it is recommended that you do both selling and buying concurrently. Planning of Timeline is very crucial in this scenario, as this will allow you ample time to do renovation for your new unit, and avoid the hassle of having to shift house more than once during this transition.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi,

We should proceed with both tasks concurrently: listing the unit for sale while actively searching for a new one.

In the event you require the sale proceeds from selling your current house for the purchase of the new one, we'll need to carefully plan a timeline. Ideally, your selling completion should occur approximately 3 weeks prior to the buying completion. This ensures that you'll have access to your CPF funds in time for the new purchase. Additionally, we should also request for an extension from the buyer of your current unit to facilitate a seamless transition to the new property.

In this process, whether it's a buyer's or seller's market holds relatively less significance, as you'll be playing both roles. The focus should be on achieving a smooth transition between properties.

Hope this helps,

I will be glad to assist you in your journey!

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Hi,

1) When you are buying and selling the same type of property (HDB to HDB or Pte to Pte) at the same time, only the location and the lease matter. You won't gain or lose by going through the process.
2) For the current HDB market, it is neither the buyers nor the seller's market.
3) Due to the cooling measures implemented on 30th Sep 2022, and the new HFE system implemented on 5th May 2023. The resale HDB market is rather standstill.
4) Only the right-price HDB flats are selling. Those over-priced HDB flats did not attract viewing requests, unlike the sellers' market in 2022.
5) I had also noticed those over-asking HDB flats had adjusted their expectation and moved their asking close to the market rate before they were sold over the past 6 months.
6) I believe you are asking such a question because you read from the news that there are more million dollars in HDB this year compared to last year.
7) You have to see that the majority of these million-dollar HDB flats are HUDC rather than normal HDB flats. The sellers had paid a higher price when they bought these flats right from the beginning, thus it is only normal they are selling above their purchase price and not lower.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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 Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, it would be advisable to sell first then doing the purchase next.

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

Hi,

It depends on location and the type of flat you are looking at. Well located flats near MRT or centrally located newer flats are still very much in demand as they come with no restrictions in resale or rental, so if your next flat is within these areas it may be good to do both sale & purchase concurrently so you can act on any unit that is a good fit for you.

I have helped various hdb owners to do sale & purchase concurrently and ensure a smooth transition. I am contactable at 97432395  for further discussion. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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-- HDB Choa Chu Kang BTO 4-RM Sellers, 5-RM Purchasers, Zima & Faizal --

Ivan was prompt in replying to my endless queries & concerns. He was very attentive to details and he knows my exact 'taste' during the process of house hunting. I would say that my requirement in getting a flat is quite high because i was looking for a flat located near my parent's as well as the MRT station. It impressed me that he could read my mind well which makes the whole transaction alot easier. I also love the fact that he is calm, not pushy & always ensuring me that there are still sufficient time to look out for other available houses. We are so thankful beyond words for his understanding and patience thoroughout the whole process. We managed to sell our BTO with 3 months extension & secure a 5 room flat without COV, located near my parent's and a 3 to 5 mins walk to the MRT station.

-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him. Read More

Hi, appreciate your sharing. It depend where you wish to purchase and how demand is your current area
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

1) When you are buying and selling the same type of property (HDB to HDB or Pte to Pte) at the same time, only the location and the lease matter. You won't gain or lose by going through the process.
2) For the current HDB market, it is neither the buyers nor the seller's market.
3) Due to the cooling measures implemented on 30th Sep 2022, and the new HFE system implemented on 5th May 2023. The resale HDB market is rather standstill.
4) Only the right-price HDB flats are selling. Those over-priced HDB flats did not attract viewing requests, unlike the sellers' market in 2022.
5) I had also noticed those over-asking HDB flats had adjusted their expectation and moved their asking close to the market rate before they were sold over the past 6 months.
6) I believe you are asking such a question because you read from the news that there are more million dollars in HDB this year compared to last year.
7) You have to see that the majority of these million-dollar HDB flats are DBSS rather than normal HDB flats. The sellers had paid a higher price when they bought these flats right from the beginning, thus it is only normal they are selling above their purchase price and not lower.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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 Read More

Hi Sir/Mdm,

It is a buyer's market now and buyers are generally more cautious and price sensitive because of the market sentiments. In this kind of market, it is harder to sell as compared to buying. Therefore, I would suggest to my clients to focus on securing a good price for their units first before buying another one.

With proper planning, we will be able to time the sale and purchase together so that you are able to transit from one property to another smoothly and seamlessly without the need for an interim housing solution.

Please contact me so that I can understand your situation and provide you with further assistance.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients

“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“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)

“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 Read More

Hi Do contact me at 97970200  to discuss more

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