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The pricing put up in resale market is always a case of willing seller and willing buyer before transaction. Since the tweak of resale procedures, the valuation of resale HDB will only be done once seller and buyer has agreed on the price, with deposit made and option to purchase granted. Buyer can choose to walk away from the transaction by forgoing the deposit paid if valuation is way out of range and affordability. This is in line with private sales procedure.

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Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
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Hi,

Generally newer flats which just reach MOP have higher valuations, what's more at a premium location in tiong bahru. Depending on unit condition, facing, size and floor, valuation may or may not be justified.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Afternoon,

Newer flats have longer lease and hence the value is higher. The estate that you are looking at is nearer to Central which adds onto the value of the unit. The next thing that you will need to consider is the supply and demand ratio. If cost is your main concern, you might want to work on something within your budget.

Do feel free to contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Morning,

New unit which just met the MOP of 5 years may have higher value as they have the longer lease comparing to older units. Also, the unit you mentioned is at the central location which add on the value on its location. However, may I have more info on your housing plan so that could assist you better?

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!

Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627 
Email: sean_5832@yahoo.com Read More

Hi,

Some of the considerations Valuation takes into account includes balance lease, the flat location, the flat condition, and the floor level etc.

Having said that, I do not think a 3-Room HDB flat in Tiong Bahru should not cost $700k in the current market.

Should you need any 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