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Hi Nathaniel,

This is the market situation right now. In case you have not noticed, it is a Seller's market now, and there is currently a mismatch in terms of Supply vs Demand, especially for bigger units like EAs and EMs.

Because of this mismatch, most Sellers are asking for higher than market valuation, which will result in a situation on what we called Cash-Over-Valuation (COV). Almost 7-8 out of 10 HDB flats now transacted with COV, and some even as high as $100k COV.

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

Hi Nathaniel,

It is pretty much a seller's market now where space is prioritized due to more WFH arrangements and the spacious size of EM / EA is ideal for many families. The demand previously mainly comes from BTO upgraders, and now first timer couples who cannot wait too long for their BTO / EC and yet prized out of private property market are also looking into this segment. Some private property owners are also selling their smaller private properties (which are prized similarly to EA EMs) to get a HDB with these bigger sizes. This explains the demand side of things. I have transacted a few EA / EMs recently and these are the trends I observed amongst buyers.

HDB also no longer builds properties of these kind of sizes, and EM is becoming somewhat like a "limited edition" item. No other property categories offers a dual storey living lifestyle at this kind of price point in Singapore. This plus the fact EA or EM owners seldom put up their unit for sale (mainly retirees who right size or upgraders to private property), explains the supply shortage. Typically in popular areas and one whole cluster of blocks you see only 1 or 2 available EA / EM for sale, and several viewers requesting for viewings.

The resulting impact is not difficult to guess, demand exceeds supply so prices naturally head northward and sellers will ask for more. They also need to factor the higher costs to get a replacement property of the same size in the private property market.

Just my 2 cents. 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.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% 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

Good evening Nat,

due to the ongoing pandemic there are many BTO completion being delayed therefore there is a spin off of demand from BTO applicants into the already high demanded resale HDB market therefore pricing is inching due to the higher demand vs lower supply.

I sold an EA in pasir ris with approx $80k cov recently while I helped a set of buyers to buy an EA in jurong west at zero cov. oh well.

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
Property Kaki
You dream. I create. We make it happen!

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You will receive free sms update on monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More

Dear Nathaniel,

Due to the work from home arrangements, many families are facing issue of having too little space at home therefore demand of larger homes have spiked, coupled with the fact that construction pace is slowed down therefore resulting in delays to BTO completion. Not only is the resale market for bigger homes that have grown, the rental market for these bigger homes are also seeing a surge in pricing.

Sensing such a demand, there are many sellers who have jumped on this opportunity to cash out on these properties and look into either upgrading to a better asset class or right size their family home where their adult children may have gotten married and shifted out.

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 
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Hi Nathaniel,

1) Note that every unit is unique.
2) Although EM/EA was only built in the 90s', and they had passed their prime time now, which is already 20+ ~ 30 years by now.
3) The HDB had stopped building such big sizes flats around 1995~1996 when the 1st EC was introduced into the market in Simei.
4) All of the above is telling you that EA/EM flats became more popular due to the current pandemic situation where WFH is encouraged.
5) You have also to understand there were buy and sale for these units in the past, thus some of these units could be bought by the current owner for only 5~10 yrs ago.
6) These units are newer and more pleasant in terms of condition.
7) These newer units will call for a higher price compared to their neighbor which renovation could be 30 yrs old.
8) Therefore you have to exercise your judgment on whether the unit you viewed is worth the price the seller is calling.

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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