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What’s the resale value of a resale private apartment? So, if I buy today, August 2021, an apartment freehold which was built in 2016, should I expect it to keep, lose, increase in value? What hold period is needed I want to make a profit?
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4 Answers

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 
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Hi,

1) Many is asking the same question on why agents are encouraged to buy new project instead of resale.
2) The history (past history trend) is already available on the public web to tell what is going in the real estate market.
3) The misconception of most buyers is buying cheap and sell expensive. This can only be true when there is no new supply.
4) Every year government is releasing Government Land sales to encourage developers to build more residences. This is to ensure we won't have to rely solely on the available unit for accommodation.
5) Buyers who bought resale units purely for 2 things:
(a) own stay: don't worry about any appreciation in the next 10~15 years. Eventually, when they sell, they can sell higher than what they had bought. This group of buyers just ignore the inflation and remain dollar to dollar comparison.
(b) Immediate rental yield: Just look at rental yield, and wanted to start a collection of rent upon purchase. The same thing as the 1st group of buyers, as long as eventually sales price is higher than the purchase price, then it is ok.

6) Only a new launch project will see capital appreciation. Any rent collected is to enhance the appreciation and at the same time hedging the inflation.
7) So back to your question, you will see an increase of value no doubt about this. But do note this properly is just hedging of inflation and not appreciation.
8) There is no specific holding period. Except now there is a Seller Stamp Duty (SSD) involved if you sell your property within 3 years of your purchase. You can start looking at how much the recent resale pricing in the apartment you bought after 3 years of purchase to decide whether you are satisfied with the increment.
9) Do note that those who bought directly from developers are at lower psf than you, so they can afford to sell at your purchase price. You will have to prepare to sell only properly 5~10 yrs after these people sold their units.

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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Robbie Chen Chee Howe
Hi,

If you're looking for a potential capital gain, it is very important that you choose the right development to enter today.

Entering into a Freehold property doesn't guarantee you will make a profit, likewise a leasehold property. It is important to get in at the right entry price, and as important to have a clear exit strategy.

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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