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Government had just released news that resale prices are gonna drop. Will valuation of houses in prime estates such as tiong bahru, bishan, depot road, telok blangah going to fall as well? Significantly or moderately?

Suppose I'm looking for a hdb unit in the above areas, should I wait around?

Any advise, experts?
Jane
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4 Answers

Hi Jane

You do have to wait further as it has already happened. Some prime districts are asking for cov less than 50k. I brought a buyer to a unit at Marine Terrace and the cov asking is only 20k, where most of the past units in that area are transacted with cov of between 60 to 100k.

Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Afternoon Jane,

Valuation pricing is based on past transacted pricing within the same location. Hence for valuation to drop, units in this area must be sold well below valuation to see such effect. Therefore, if you want to wait it out, you will need to go into quite a long wait.
If you have certain budget for the purchase, it would be easier to look into areas that's more affordable. If you are more into the specific estate, it's either you take to gamble or wait till much later.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Jane, It is interesting to note that prices have indeed dropped, however how far will this phenomenon go is anybody's guess. Purchasing a HDB in my opinion should not be treated as any form of investment but due to your own housing needs. Serious sellers are also adjusting their prices with the news release such that they are able to find the right buyer and move on to their next plan, therefore it is advisable to put in your best price to offer for a unit that is suitable for you and of right value in your opinion. It still takes a willing seller and willing buyer for a transaction to happen. If you do not have the need to purchase now, perhaps you may wish to wait for further movement to the price, however, just be prepared that it may rebound at any point of time. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
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