Why should HDB upgraders take opportunity in today's seller's market

How can HDB owners leverage the seller’s market today?

HDB resale prices rose by 5 per cent in 2020— the highest increase in eight years. This surge in resale prices is accompanied by a greater number of Cash Over Valuation (COV) transactions, whereby buyers have to pay the difference between the transacted price and HDB’s official valuation of the flat, entirely in cash. COV transactions have become more common since last year, as some buyers turned to resales, to secure an abode during the pandemic, rather than spend time waiting for a new flat.

With the interest rate for HDB loans at 2.6 per cent, against the annual capital gain of below 1 per cent for the property, at 0.98 per cent, HDB home owners are scarcely able to make any profit from their property assets.

With that said, in the current property market today, the HDB market is at an upper hand as the prices of resale flats are surging at 5 percent since 2020. Translating to a golden opportunity for HDB Owners to leverage on their asset wealth today, to cash out and invest in private property instead.

Why are HDB upgraders entering the private property market? In the past decade, private property appreciated sustainably across 57.37 per cent. Even during Covid-19 Pandemic, private resale and new launch markets continue to surge, combating against all other asset classes.

Not all properties are made equal. While some HDB owners can make a profit of over $200k, some can even suffer a loss. This is due to the marketing positioning, and how the individual unit is being marketed.

From video marketing to home-staging and social media marketing, Wonder Home offers all our sellers a wide range of real estate services to help them get in competitive offers to make greater profits.

If you’re looking to maximise your profit margin, take your first step to discovering what we can offer you and what some of our sellers have to say about us! Don’t forget to check out our client testimonial section here at: https://www.wonderhomesg.com/about-us .

P.s: Click comment or PM us to get your free 2021 HDB valuation report today! We hope to share more insights with you soon. C’ya!

Pamela Tan: 9457 6525

Shirley Wang: 9436 1909