If you can reasonably foresee a large supply of resale flats coming up in the market in the vicinity you are buying now, you will be able to estimate the keen competition there as well next time. If your objectives are to stay for 5-8 years and move on, this may not be the most optimal choice.
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.
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
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Planning ahead is encouraging, however, we also have quite a number of factors outside our control. Things like whether we are financially ready for the upgrade now or by 5-8 years down will also differ the optimum plan we can do. Are you clear about your finances or can project your finances moving forward? Otherwise many things could have change, even the housing policies. With a typical market involving resale, it is always likely that if you are selling low, you will tend to buy low as well, especially so in a mass market environment.
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Purchase BTO and sell it after 5 years definitely can profit, the quantum will depends. Location is very important especially near to mrt.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
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Good morning !
1. To answer your query, Whenever supply is higher than demand, prices will usually go DOWN.
2. Knowing how to ride the property wave and understanding how to enter the property market needs knowledge, skills and experiences.
3. I have successfully help my clients to own their dream home and build their assets to achieve potential financial freedom.
4. I have done it and achieved financial freedom myself.
If you wish to know more, feel free to give me a call. Zero obligation assured.
Thanks with warmest regards,
Peter Teo, Group Director
CEA License R052533F
PropNex Realty Pte Ltd Read More
Do take note that usually prices of resale HDB will stagnate or decline when more clusters of newer HDBs MOP.
More supply same or lesser demand, prices will fall.
Care to share more about your further plans so I can come out more constructive plans for both of you?
Hear from you soon!
- Your Leasehold Ally, Freehold Tactician -
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2) Just to share!
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Join me on board towards a hassle free update on valuation now!
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
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