Cheong Loo Lim
30-08-14, 02:02
In 2013, Singaporean saw HDB resale flat prices were flat and achieved a negative growth. Analysts forecasts HDB resale prices growth may further decline to -10%. This negative growth is contributed by the dropping prices of all HDB flats when the near 100,000 new flats are going to complete in the next 3 years or so. A 10% drop means losing an amount between $40,000 to $60,000 in asset value.
There are reasons why other HDB owners upgrading their properties:
1. Interest has been at the low side of between 1 and 2%.
2. Today is "Buyer" market in the Executive Condominium(EC) (http://newpropertieslaunching.com/category/executive-condominium/) and Private Residential Property Market. (http://newpropertieslaunching.com/category/private-residential/)
3. Developers have launched with attractive prices in Executive Condominium(EC) and mass market condominium.
4. Take the opportunity of your young age to upgrade to a higher standard of living while you have less commitment.
5. Consider it as a long term investment. To ensure greater capital appreciation of your property in the long term to unlock it during your golden years.
Majority of Singaporean's dream is to use HDB flat as an 'entry' level into residential property, stay in HDB for 5 or more years. Sell it for a profit to upgrade to an Executive Condominium(EC) (http://newpropertieslaunching.com/category/executive-condominium/) or a Private Condominium (http://newpropertieslaunching.com/category/private-residential/) to live with your loved ones.
There are reasons why other HDB owners upgrading their properties:
1. Interest has been at the low side of between 1 and 2%.
2. Today is "Buyer" market in the Executive Condominium(EC) (http://newpropertieslaunching.com/category/executive-condominium/) and Private Residential Property Market. (http://newpropertieslaunching.com/category/private-residential/)
3. Developers have launched with attractive prices in Executive Condominium(EC) and mass market condominium.
4. Take the opportunity of your young age to upgrade to a higher standard of living while you have less commitment.
5. Consider it as a long term investment. To ensure greater capital appreciation of your property in the long term to unlock it during your golden years.
Majority of Singaporean's dream is to use HDB flat as an 'entry' level into residential property, stay in HDB for 5 or more years. Sell it for a profit to upgrade to an Executive Condominium(EC) (http://newpropertieslaunching.com/category/executive-condominium/) or a Private Condominium (http://newpropertieslaunching.com/category/private-residential/) to live with your loved ones.