AskGuru Q&A Community

Hi Julie,

In my opinion, the price of HDB flats may fall slightly but not significantly. However, the transaction volume will definitely suffer as more buyers turn to the new BTO flats or choose to adopt a wait and see attitude to see how the market reacts to the measures.

There is still strong demand in a market with low supply and therefore buyers will still be buying. As a seller, it is important to price the property carefully so as not to scare off the potential buyers.

Please feel free to contact me so that I can understand your intentions better and assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:
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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 who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer) Read More

Hi Julie,

In my opinion, HDB prices will continue to rise next year, albeit at a slower rate after such a bullish run up this year.

This is because there is limited supply of flats in the market, and the demand is real. When Supply < Demand, Price goes up.

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 Julie,

In my opinion, HDB prices will continue to rise next year, albeit at a slower rate after such a bullish run up this year.

This is because there is limited supply of flats in the market, and the demand is real. When Supply is less than Demand, Price goes up.

Moreover, Singaporeans purchasing HDB flat is not affected by ABSD. So, there will not be any impact from ABSD point of view. It is more like the prices had already rose more than 10% this year, it is less likely for the prices to up another 10% next year.

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 Julie,

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. By the way, there isn’t much impact to those who are getting their 1sr property.

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

Hi
In my honest opinion, the latest cooling measure would not impact HDB as much as private property. Talking of ADSD, no HDB buyers will be affected as HDB does not allow any buyers to purchase a HDB if they have another HDB or private property. The only category of buyer that are liable for ABSD are Singapore PRs. However the ABSD for 1st property still remains the same as 5% and therefore, we are not anticipating a drop in demand for this category of buyer. On other cooling measure such as decreasing the LTV for HDB loan to 85%, most of first timer buyers won't be affected as they finance their deposit mostly using grants. For second timers, most of them are using bank loan instead of HDB loan as HDB do have a policy of making cash deposit on certain amount of cash proceeds they received from sales of their previous house. On decreasing of of TDSR to 55%, HDB and EC buyers are already subject to a cap of 30% MSR currently whether they are taking ip a HDB loan or bank loan. The only scenario I could think off where the HDB resale market will be affected is the ripple effect of private property prices decreasing. In that scenario, we will see lesser private property downgraders moving to HDB market as they might be making a loss in selling their property and would not be ready to make a move to HDB. In that way, one market segment will be missing. I am specialised in both HDB and private property. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Mohammad Taufik Bin Hussein
CEA Reg No: R061607B
Contact No: 93375051 
ERA Realty Network Pte Ltd Read More

Hi,

In my opinion, HDB resale prices and volume may slow down for a while but it will still be a gradual increase going forward into 2022, as the immediate supply issue is not resolved and the recent measures are not exactly punitive for genuine homeowners who want to purchase for own use. There are also quite a number of buyers coming from private property or BTO owners upgrading to bigger resale HDB, so the demand pool is still strong and it is evident from the record total number of transaction volumes this year. It is expected to continue into the next year although in the short term, there will be a slowdown due to the wait-and-see attitude adopted by buyers and a potential mismatch of expectations between both buyers & sellers.

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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ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
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ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

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

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