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Good afternoon,

Without more detailed info, its difficult to give accurate inputs. Also it takes time for the market to digest the new regulations and see how it plays out. But generally speaking prices of the hdb resale market are moderating downwards and this may just slow down the trend, or cause prices to stagnate. Most buyers are only willing to buy at valuation, save for some outliers with very good attributes like the recent million dollar newer 5 year old hdbs at Tiong Bahru and Boon Keng. These are just my personal take.

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
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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked. Thanks Ivan! :)

-- Sellers of Exec Maisonette Gaffoor & Isha --

Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.

-- HDB BTO 4rm Sellers at Sengkang, Jonathan & Abigail --

By faith, we signed the contract with Ivan and in less than two weeks time, we opened our house for the first and the only viewing, days later the OTP was signed! Thank you for all your excellent diligent services and all the professional advise!

-- HDB upgraders to New EC owners Mr. & Mrs. Goh --

My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More

Resale flats prices appreciates or depreciates not mainly on the regulations on CPF usage and loan availability, but rather the demand of the flats versus whatever that is available in terms of supply.

The regulations makes financing more challenging for younger owners to consider flats with decreasing balance tenure as this group of purchasers are likely to lesser cash on hand to finance the purchase, thus making the entry towards such unit a barrier, which results in reduced demand. Nevertheless, if the old flat is in a high demand location where resale market is still clocking in strong transaction volume versus the number of flats available in the resale market, chances of price retention or slight appreciation will still be good.

In your comparison of a flat with balance lease of 77years and 60years, assuming that they are both located in the same location (for example neighbouring block) where they basically enjoy the same amenities, a 77 years old flat will definitely be commanding a higher price, which allows the prospective purchaser little restrictions in terms of CPF usage and loan eligibility (subjected to the MSR which is dependant on the borrower's income). The older flat may still be attractive to some given that the price could be more affordable in comparison.

Lastly, not all purchasers are buying resale flats with the intention to make money when they sell. There is a variety of reasons behind each individual purchase that is different among the different individuals, therefore deeper understanding of the market dynamics will be key towards a successful transaction.

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 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ 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.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565  .

I look very much to hear from you soon.

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Regards,

Geryl LIM
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www.geryllim.com
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Hi,

As for your question, I believe nobody, even HDB or your MP can give you a definite answer. Property prices depends on various market forces, not only on Government rulings.

On a general rule, for properties in the same vicinity sharing the same amenities, the property with longer lease will attract more potential buyers, and hence will usually translate into higher transaction prices.

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