AskGuru Q&A Community

Morning Mike,

With the remaining lease decreasing, the amount of interested buyers will also fall retrospectively. However, depending on which estate you are in, the pricing might still stay strong.

Do feel free to contact me for further discussion.

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

Hi,

for HDB units with 60years lease and below, yes buyers might have problems getting the full loan and also the CPF that can be utilized for this unit purchase is pro-rated. Whether it will go for SERs, it is difficult to say. For mature estates, prices are still quite resilient and have their demand before the lease drops to 60years and below. May I understand your requirements further before further value-adding?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com Read More

Hi Mike, that's true. For hdb remaining lease of 60 years and under, it will be harder to sell, given the CFP ruling. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi Mike,

Most often than not, we are considering the full monetary value of a property when it comes to making a decision to sell or purchase as an investor, but it does not explain why transactions are still going on for units in estates that are aging. The likelihood will be the sentimental value of the home buyers who may have grown up in the estate and feels more comfortable within the estate than anywhere else, or wanting to be close to the parents such that it will be convenient to arrange for child care by parents or even schools. These are the intangible values of a property that differs greatly from 1 household to another, and most often than not, it cannot be derived very easily and not touched on by most salespersons.

Yes, to hold on to the current property that is aging is likely to eat into the value of property, but not forgetting that during the tenure of your stay in the property, you have already been utilising this value of the property over the years, and staying here would probably have provided some form of convenience in terms of child care arrangement, sentimental concerns or others, which could have enriched your family's lives over these years. If decision to sell current place and buy a newer and less convenient place means putting more inconveniences to the family, would it then become a wrong decision to make?

Let me know how I may assist you further.

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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