Madam Tan voiced that approximately two years ago, when her apartment hit its minimum occupation period, she and her spouse deliberated over selling their abode, considering the favorable conditions for sellers.
Although their home could have garnered a considerable amount on the resale market, Madam Tan observed that the cost of a new residence would likely offset any profit, unless they opted to downsize.
She pointed out that while measures to cool the market can help make housing affordable, there should be a balance to allow sellers to profit as well. “Selling at a loss complicates the affordability of the next house,” she added.
Mr. Lim from IPS noted that subsidies for new apartments have made homes more attainable for first-time buyers. These owners can then capitalize on these gains when they sell their property, essentially cashing in on the subsidies.
“We’re now witnessing the effects. The capital gain has been favorable, contributing towards savings growth and building home equity for Singaporeans,” he stated.
As of 2022, more than 1.2 million HDB flats were occupied by their owners.
He indicated that Singaporeans typically use CPF savings to finance their flats, and suppressing resale market prices would effectively diminish your wealth, impacting the flat where your CPF money is invested.
“Your retirement funds are tied to your flat, which you’ve financed with your CPF money,” he explained.
“Consider the future generation of buyers who desire cheaper flats; will you devalue everyone else’s property? That could be quite unsettling,” he remarked.
Mr. Lee expressed that in reality, homeowners cannot have the best of both worlds. “Unless, of course, if you’re considering different housing areas where you could profit from the high sale prices of one area while benefiting from another area where housing costs might be lower,” he suggested.
Should You Buy, Sell or Wait?
If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?
It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.
I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.
I can help you by:
- Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
- Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.
You May Also Like …
Jayson Ang – February 18, 2025 – Share
TLDR Rentvesting is a strategy where individuals rent a home in their desired location while purchasing investment properties in more...
Read More
Jayson Ang – January 4, 2025 – Share
Singapore's property market has always been an attractive investment option for international buyers, thanks to its stable economy, strategic location,...
Read More
Jayson Ang – June 20, 2024 – Share
TLDR The Lion City is undergoing rejuvenation with upcoming developments in coveted areas like Clementi and sites near MRT stations....
Read More
Jayson Ang – January 23, 2024 – Share
TLDR 2023 saw a roller-coaster ride in the real estate market, with various challenges like high interest rates and geopolitical...
Read More
Jayson Ang – December 14, 2023 – Share
TLDR The blog post delves into the complexities of real estate investments using Bob's experiences as examples. It highlights the...
Read More
Jayson Ang – July 12, 2024 – Share
When looking to buy a property in Singapore, it's essential to know how to negotiate a good deal. Here are...
Read More
Jayson Ang – March 15, 2025 – Share
Singapore's real estate market has always been an attractive investment destination for both local and international investors. The city-state's stable...
Read More
Jayson Ang – February 2, 2025 – Share
TLDR Investing in real estate is a complex decision influenced by personal goals, investment horizon, rental plans, and financial liquidity....
Read More
Jayson Ang – March 22, 2024 – Share
As one of the most prosperous countries in the world, Singapore is an attractive destination for families looking to invest...
Read More
Jayson Ang – May 15, 2026 – Share
TLDR The 99-to-1 property ownership split in Singapore, where one spouse holds 99% and the other 1%, is used to...
Read More
Jayson Ang – January 1, 2023 – Share
TLDR The blog post discusses the rules and regulations for foreign investors looking to purchase real estate in Singapore. It...
Read More
Jayson Ang – July 21, 2023 – Share
TLDR When it comes to understanding property jargon, it's crucial to familiarize yourself with the specifics of a Tenancy Agreement...
Read More
Jayson Ang – October 1, 2025 – Share
TLDR Old freehold condos in Singapore may seem attractive due to lower prices, but they come with hidden pitfalls. Longstanding...
Read More
Jayson Ang – January 20, 2024 – Share
TLDR When it comes to the real estate market in Singapore, understanding property valuations and the impact on mortgage loans...
Read More
Jayson Ang – December 15, 2024 – Share
TLDR Understanding your property's annual value is crucial for determining property taxes in Singapore. The annual value is based on...
Read More
Jayson Ang – July 18, 2023 – Share
Top 5 Tourist Attractions in Singapore Singapore, a vibrant city-state located in Southeast Asia, is known for its diverse culture,...
Read More
Jayson Ang – February 26, 2024 – Share
TLDR When it comes to buying landed property in Singapore, there are three main types: terrace houses, semi-detached homes, and...
Read More
Jayson Ang – July 8, 2024 – Share
Singapore, known as the Lion City, is a melting pot of cultures, cuisines, and luxury experiences. With its rich history,...
Read More
Jayson Ang – February 20, 2024 – Share
Singapore is a small island city-state with a population of over 5 million people. Its urban landscape is constantly evolving,...
Read More
Jayson Ang – September 28, 2024 – Share
Singapore, a bustling city-state known for its modern architecture and vibrant culture, is also a haven for runners seeking scenic...
Read More
