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Hi property guru, is it advisable in current resale market that I sell my condo first then rent a place and wait for prices to stabilize first and then buy the resale condo. I want to avoid absd and don't want to wait for new launch cause I don't want to rent for too long thanks.
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9 Answers

Hi,

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, yes it is possible and I do have clients doing so too. It really depends on your needs and wants.

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

1) You are planning to do so because you are assuming the future price is going to drop.
2) You have to ask yourself when is the endpoint of dropping that you are able to accept and buy again.
3) In reality, very few sales are done when the property price dropped in 2014. Those that buy are those with immediate needs and didn't worry about whether they are gaining or losing.
4) An average resale number is around 12k, the sales in 2014 are 5k only, less than 50%, this is the lowest in the past 10 years.
5) Thus the plan of sell and wait for prices to stabilize seems won't work for you. It is either you stay put or sell and buy again immediately after selling.
6) If you are buying resale it is just a shift of location. So maybe it is just a change in the cost of living.
7) Just for the record, private property price is always on the rise except for the percentage of rising is suppressed by the govt cooling measure.
8) This is also the main reason why PPI (Property Price Index) did not increase as much as all the 1st world cities around the region.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,
Resale market is active now, so it will be easier to sell.
If you like new house and are concern about the long waiting timeline for new launches, there are some projects that will TOP sooner that you may consider.
If you like, can contact me and I'd be happy to share more details to match your needs and requirement.

Best regards,

Kim Peh, ERA
 96734521 
kimpeh88@gmail.com Read More
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Dear Owner,
This is a upswing market for property. If you sell now and wait for property prices to stabilise, you will be in for a shock. The economy has not rebounded but the property market has already picked up since April 2020. The economy is expected to recover later this year. As such, if you sell now and want to buy another, you should start looking almost immediately.

The process should be:-
a. Issue OTP to buyer (but seek a extension of stay for a few months so that you can move into your new place almost immediately. It is better to pay rent and stay on than moving to a rental place due to the packing and unpacking and transportation to and fro. Moving home is one of the most tedious tasks that a family can go through).

b. Finalise your purchase and issue LOI
c. Exercise your OTP
d. Renovate and move-in

Once your home sales is done, you wait for your new home to be ready and move over without having to move to a rental place. The reason why I say this is because most owners do not want short-term rentals.

Please contact me so that I can assist you to negotiate and arrange everything sui-sui for you.
Cheers!

Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
 90170747 
www.goodpropertiesguide.com Read More
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Robbie Chen Chee Howe
Hi,

In my opinion, if you plan to purchase your own property and remain in Singapore, you should not "time the market".

I have met a client who thought they knew better, sold their HDB flat, and rented a condo while waiting for prices to drop. 3 years on, they are still waiting and renting. And we all know what happened to the market over the past 1 year.

As a Singaporean, I do not understand why he does not exercise his "right" to purchase a property without ABSD, when so many SPRs and Foreigner are so eager to pay the 5% to 20% ABSD just to get a property in Singapore.

So, my advice is for you to do selling and buying concurrently. With proper timeline planning, you actually do not need to rent elsewhere, and will also be able to avoid the hassle of having to shift house more than once.

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
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Joanne Chia 谢诗琳
Good day sir / madam .

Are you doing this sell first , then buy , for speculative reasons ?

Or are you doing this because you are not so keen on your present condo home ?

Anyway , if you are able to sell off your condo now , it is considered as very good timing Now , private property prices are at all time high now for a fact , However and of course , i cannot guarantee prices will drop soon after you sell , or vise versa, prices might climb even higher after you sell your condo.

Kindly contact me joanne chia at hp 8333 3327  for a no obligations chat for your property needs, my charges are 1% for exclusive selling rights to your property , or 2% for open listing.

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne chia
Hp 8333 3327  Read More
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Hi Sir/Madam

1. It is good to know the current market valuation of your unit before deciding to sell
I will be glad to advise on this, appreciate if you can contact me at (65) 96608508  with details of your unit
2. I will be glad to assist finding the right buyer as well
I am currently serving investors who are looking to buy private property, hopefully can match with your unit
3. Depend on the manner of holding of your property, Buy and sell can happen concurrently as well with very careful timeline planning.
4. Which area that you prefer and how many bedrooms?
If you do not want to wait long for new launch, there is some projects that already top/ top soon
I have current price list, promo of every projects in Singapore and will be glad to advise you

Click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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Dear Sir/Mdm,

That might not be the best approach to be honest.

Let's say you sell your property and rent in the interim, in the hopes that property prices stabilise or even fall. What if it takes a while to stabilise? That would result in more rental being paid by you, along with any % increase in prices during this waiting period. There is a high chance you end up paying more this way, by incurring all this additional cost.

I understand that you wish to avoid ABSD. This can be done with careful planning of doing the sale and purchase concurrently, and managing the timeline. I am VERY well experienced with this, having assisted countless of clients with the same scenario of yours. To want to avoid paying ABSD is a very common concern among buyers, and it can definitely be done.

Why don't we have a chat, and discuss further? Non-obligatory discussion but it will definitely give you clarity on your situation and help you to plan forward.

I look forward to hearing from you! :)

Bhavina Kaur
ERA Realty

Mobile: +65 91708295 
Email: bhavina7777@gmail.com
Facebook: Facebook.com/investbuysellrent
Website: http://91708295.eraagent.sg
Free Property Transaction Platform: https://91708295.eraagent.sg/realtywatch
Whatsapp: wa.me/6591708295 Read More
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