Hi in view of current Covid situation, is it the right time to sell my hdb now?
Hi in view of current Covid situation, is it the right time to sell my hdb now?
Not enough info to share.
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
that really depends what is your intention for selling now. how old is your flat and where?
In my opinion , if is HDB - one property, you sell and buy now is okay. because if you sell at current market price, you will buy at current market price too. But for private properties investment will be different approach.
Are you selling and buying concurrently? If yes, MOP flat is time to sell now as will be good price .Demand is high because of the balance lease, and 5 years renovation .
Why sell? Use the rental income to find a private condo instead.
Many condo firesales coming soon.
Lord is right, rental yield is good for HDB but if want to buy second property eg private , ABSD incurred if you are not selling your HDB, ABSD is very high , I think 12% of the purchase price.
So easy to share.
1. MOP is the best time without knowing the seller whether they can buy another property.
2. if is HDB - one property, you sell and buy now is okay. unnecessary transaction cost
3. private property investment will be a different approach.unnecessary transaction cost
4. Many condo firesales coming soon. without facts and figures using AssUme to share
5. ABSD incurred if you are not selling your HDB.when you fail to plan before buying HDB and ask the layman for advice.
Information needed before sharing
1. how old is your flat and where? just obtained MOP at yishun
2. Use the rental income to find a private condo instead.HDB under whose name
Talk to someone who already sells, buy, and rent not someone who AssUme.
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
Can share how you AssUme fire sales.
Do you AssUme 5%, 10%, or a 50% drop in price Ass fire sale?
Do you AssUme this as fire sale "Million-dollar HDB unit at SkyTerrace @ Dawson sold during circuit breaker"
https://www.edgeprop.sg/property-new...tm_medium=news
Last edited by Arcachon; 17-05-20 at 07:51.
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
Not all property is equal, some are more equal.
7 Newly MOP-ed HDB Projects Worth Checking Out in 2019
https://www.99.co/blog/singapore/7-n...g-out-in-2019/
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
Why HDB flat owners are in no hurry to sell
https://www.straitstimes.com/singapo...-hurry-to-sell
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
More HDB fire sale coming if you AssUme long enough.
https://sbr.com.sg/residential-prope...cale-hdb-flats
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
Do not save a peanut to lose a Durian.
Remember to ask for facts and figures don't AssUme.
How Often Do You Hear Yourself Saying: “I want to upgrade and also buy another property to rent out, but I don’t know how…”
http://propertyfreedom.net/mophdb/
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
Why AssUme when Data is available on the internet.
https://www.teoalida.com/singapore/hdbprices/
HDB price trends
HDB Resale Price Index DOUBLED from 2007 to 2013, dropped slightly to 2015 then stabilized. However, due to high supply of flats completed in 2014-2017 that enter on resale market since 2019, prices are likely to drop more in the coming years.
I am surprised by the 0.5% increase in 4th quarter of 2019 against logic that contradict my prediction, does fall ended and another price bubble is coming in 2020? At same time, Coronavirus death toll exceeded 1000 on 10 February 2019, killing for first time 100+ people in one day. I expected that more cities in China will enter in quarantine and country economy may collapse, but things turned much worse and Coronavirus outbreak all over the world, reaching 1,000,000 cases and 50,000 deaths as 2 April 2020. Death toll may not sound big, but having most of world population in lockdown caused major economic losses and we are going to a possible bigger world recession than in 1997 or 2009 that will greatly affect Singapore private property market, and at smaller extent may affect public housing market too. Worsening situation in Singapore in April made circuit breaker and May 2020 BTO delayed too.
Actually prices are rising in some towns while dropping in other towns. The below charts generated from Excel analysis shows price evolution for each town. HDB do not provide median price if less than 20 flats were transacted per quarter, thus there are gaps in lines. Especially in case of Executive flats, HDB do not display median prices for Bishan and Queenstown (towns famous for $1 million HDB flats) because they do not have at least 20 transacted flats except in Q2-Q3 2008.
Last edited by Arcachon; 17-05-20 at 09:47.
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
I mean fire sales for private condo, hdb will still on market range.
Can share how you define fire sales for the private condo, 5%, 10% 20%, 50%.
17,000 already defer their loan repayment and more doing repricing and refinancing without TDSR.
https://www.businesstimes.com.sg/ban...irus-hits-home
#Dailyupdate #MAS #TDSR #Deferloan #Convid2020
1. 31 March 2020
MAS and Financial Industry to Support Individuals and SMEs Affected by the COVID-19 Pandemic
https://www.mas.gov.sg/news/media-re...id-19-pandemic
2. 07 April 2020
MAS Clarifies Loan-to-Value and Total Debt Servicing Ratio Rules for Residential Mortgages and Mortgage Equity Withdrawal Loans
https://www.mas.gov.sg/news/media-re...thdrawal-loans
3. 30 April 2020
MAS and Financial Industry Provide Additional Support for Individuals
https://www.mas.gov.sg/news/media-re...or-individuals
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
If your need a roof you need to buy! If you can wait then wait a bit longer to see if the market will crash with this current situation.
think as long as you buy within what you can afford is the safest, no need to be afraid if market trend down after you bought
in my opinion, hdb price will not crash, as if so , the BTO price will drop drastically too, which i think our government wont let it happen
Those desperate HDB homeowners will start to drop their price eventually if they have no time and collection of BTO keys are nearer to their deadline. : ((((
No right or wrong time. Is whether you need to sell or you can wait!
thanks for the input, I am intending to sell high then hopefully upgrade to condo
When do you think you can sell high.
The Best Time to buy Property is Yesterday.
If you lose Money it because you sell on a wrong Day.
https://wa.me/6587821025
https://r057844h.propnex.net/
You don't Buy others will Buy.
You don't Sell, others will Sell.
Sell to desperate people you can sell high :P