Ang Mo Kio HDB Properties

Many of my clients staying in HDB has asked me many times, considering the market situation now, when is exactly the right time to sell.

So, I asked them whether they have any intention to buy. Most of my clients then give me a thoughtful gaze, and say “Hmm…”

Does it sound familiar to you?

There is no such thing as a good time to sell or a good time to buy your HDB property. Basically, it depends very much on your needs, requirements, your earning power and the country’s economy and even the world’s economy.

During the upbeat market, it is natural for everyone so caught up about the price of selling their HDB property in the market that they forgot that they also need to consider their buying needs.  Never lose sight this fact: when you sell your HDB property at a high price, you will most probably buy it at a high price as well. The same occurs when you sell your HDB property at a low price, you will most probably buy your property at a low price! The thing is, selling your HDB property is just a one time affair. But when it comes to buying your next HDB property, it is no longer that simple. You will be staying in your next property for the next 5-10 years, isn’t it?

Before you start to sell your property, consider the following questions:
1. Do you have a place to stay?
2. Is this an upgrading or a downgrading for you?
3. What are your long-term plans?
4. Do you know where Singapore’s economy is heading towards?

Basically, the price of any property depends on the buyer’s willingness to pay for the property, and the availability of the properties in the market.

Case Study:
I recently helped a couple buy their EA HDB flat and sold their 4-room HDB flat. After having a long discussion with them, they’ve reached a conclusion: due to their own personal reasons, they needed to upgrade their flat because of a bigger family size. They know that the price of HDB properties in general has now increased. However, they foresee a price increase indefinitely. So instead of waiting for 5 or even 8-10 years for the price to drop, they would rather bit the bullet now: to them, it is more “worthwhile” to get the flat now. Also, they would rather buy the EA HDB flat now because they feel more confident of their ability to earn more money within the next 6-8 years and clear off their HDB loan rather than 8 years later.

So, in conclusion, it is actually more important to consider your needs and requirements, while taking into consideration the country’s economy to really decide whether it is more worthwhile to buy or sell your HDB property. There can be 1001 possible scenarios! So it is not possible for me to go in-depth into each and every case.

If you feel that you need a real discussion based on your needs and requirements, feel free to make an appointment with me so that we can discuss about it. Please do not hesistate to contact me @ (+65)98316938.