Asked by RS_San
will resale prices come down or continue to rise?
670 views
2 Answers
Afternoon,
HDB unit's valuation report depends on the past transacted pricing. Currently, there's more demand than supply. The new HDB that are building, or to be build, will take at least another 5 to 9 years, before MOP. Singapore population is growing and everyone need a roof over their head. Rental prices are on the rise.
Does these few factors make you think that resale prices will comes down in a year or two?
Maybe, if something major takes place, that hit the economy globally.
FYI
Mike Lim
96929209
ERA Read More
HDB unit's valuation report depends on the past transacted pricing. Currently, there's more demand than supply. The new HDB that are building, or to be build, will take at least another 5 to 9 years, before MOP. Singapore population is growing and everyone need a roof over their head. Rental prices are on the rise.
Does these few factors make you think that resale prices will comes down in a year or two?
Maybe, if something major takes place, that hit the economy globally.
FYI
Mike Lim
96929209
ERA Read More
Hi,
No one can predict if the prices of the property market is going to sustain or not.
However, given Singapore's stability in the region, and good reception from the international market in terms of security and business ventures (refer URA for Singapore Ranking in Asia) Singapore seems like a very good STABLE place for them to put in their investment, especially the property market.
As for HDB, prices are based mainly on the past transacted pricing and unless most of the hdb starts selling at 0 or below value or there is not transaction in the past few months, thus pulling down the average transaction in the region, it is mathematically quite unlikely for prices to drop drastically.
Cheers,
Ken Tan
Huttons Asia Ltd
MORE enquiries?
Check me out at my website ==> www.96461490.com
give me a call at 96461490
or drop me an email: ken_tankw@yahoo.com.sg Read More
No one can predict if the prices of the property market is going to sustain or not.
However, given Singapore's stability in the region, and good reception from the international market in terms of security and business ventures (refer URA for Singapore Ranking in Asia) Singapore seems like a very good STABLE place for them to put in their investment, especially the property market.
As for HDB, prices are based mainly on the past transacted pricing and unless most of the hdb starts selling at 0 or below value or there is not transaction in the past few months, thus pulling down the average transaction in the region, it is mathematically quite unlikely for prices to drop drastically.
Cheers,
Ken Tan
Huttons Asia Ltd
MORE enquiries?
Check me out at my website ==> www.96461490.com
give me a call at 96461490
or drop me an email: ken_tankw@yahoo.com.sg Read More