5 Amazingly Fun Things to Explore in Singapore!
Singapore, a vibrant city-state located at the southern tip of the Malay Peninsula, is a melting pot of cultures and...
Read More
TLDR
Properties in Singapore may linger on the market due to several key factors. Small boutique developments face price volatility, while mega-developments suffer from intense competition amid many listings. Tenanted units deter most buyers due to viewing difficulties and untidiness. Multiple decision-makers, especially co-owners, can stall or derail sales. Sellers resisting basic maintenance or staging risk lower offers and longer sales times. Missing or inaccurate floor plans, common in older properties, reduce buyer confidence. Unconventional layouts limit the buyer pool and require niche marketing efforts. Buyers should consider these challenges to avoid future resale problems, especially when co-owning. Sellers can improve outcomes by addressing repairs, staging, and clear communication with agents. Ultimately, careful planning and professional advice are crucial for navigating Singapore’s complex property market effectively.
Real estate agents often face a delicate task when informing sellers that their property might be a challenging sell. While bluntness risks alienating the client, tactfulness can obscure critical issues. This article explores common reasons why some properties in Singapore remain on the market longer, even when demand is high, including factors agents might be reluctant to highlight directly.
Note to Buyers: Even if you’re not selling, understanding these points is crucial for avoiding properties that might be difficult to offload in the future. Also, consider carefully who co-owns your property, as this can lead to complications.
1. Unit Count Extremes: Both Very High and Very Low Pose Challenges
- Boutique Developments (Under 50-100 units): These projects, while offering exclusivity, suffer from market volatility. A lack of recent transactions (no sales in over a year) makes it hard to justify an asking price. Conversely, a single, low-priced transaction in the past year can disproportionately depress your property’s perceived value.
- Mega-Developments (1,000+ units): While boasting high transaction volumes, mega-developments also feature a significantly larger number of competing listings. Agents often spend substantial amounts (e.g., a four-figure sum for a single listing at Normanton Park, as one agent admitted) to keep a property visible on portals. The sheer volume of similar units within the same project makes differentiation challenging unless your unit possesses a rare or significantly superior layout. This can lead to lower profit margins for agents and extended sales cycles.
This factor is essential to consider if you’re drawn to the perceived exclusivity of small projects or the lower entry costs of large ones.
2. The Unit Is Currently Tenanted
While a small niche of buyers prefers tenanted units (e.g., specific investors in certain areas like Geylang walk-ups), for the vast majority of the market, tenanted properties are harder to sell.
- Logistical Hurdles: Coordinating viewings with tenants can be cumbersome, involving back-and-forth communication and potential objections or schedule conflicts, significantly slowing the sales process. Sellers might also be forced to show the property at less ideal times (e.g., during noisy peak hours).
- Aesthetic Issues: Untidy tenants can deter potential buyers. Unwashed dishes, cluttered spaces, or even a muddy bicycle in the living room can create a negative first impression. While a tenanted property can be sold, the process is typically slower. Vacant units are generally preferred by most property agents.
3. Too Many Decision-Makers Involved in the Sale
When multiple individuals, both officially and unofficially, are involved in the selling decision, complications can arise. One realtor recounted a semi-detached house sale in Eunos that was aborted after the seller’s grandmother, who hadn’t been consulted beforehand, objected to the “modern stoves” in the proposed new condo. Such scenarios waste marketing efforts and prolong the sales process, sometimes even leading to the property being pulled from the market entirely.
Another agent described a nightmare transaction involving three co-owning siblings whose constant disagreements derailed every decision. If you plan to co-own a property, carefully consider potential future conflicts; accepting financial assistance from family now might mean ceding control over future sale decisions.
4. Resistance to Home Staging or Basic Maintenance
Some sellers are unwilling to invest in even basic repairs or staging their property. They might refuse to fix plumbing issues or apply a fresh coat of paint, even when such improvements would significantly boost their sale price. One realtor cited a case where a client refused to spend $15,000 on repairs that could have yielded an additional $400,000.
Sellers often expect agents to shoulder these costs, leading to listings stagnating and frequent agent changes. While some clients may genuinely lack the funds for renovations, a candid discussion with your agent about your financial situation can lead to creative solutions. Generally, investing in staging and minor renovations can result in substantially higher offers that far outweigh the initial expense.
5. Absence or Inaccuracy of Floor Plans
This issue is more prevalent in older properties, particularly walk-ups or landed homes built before the 1970s, where official floor plans may not exist. This creates a significant hurdle for agents, as potential buyers require detailed information beyond photographs to assess the property’s potential. Buyers need to know which walls can be moved, how many people can dine comfortably, and if rooms can be merged, often requiring consultation with contractors or interior designers. Without this crucial information, buyers are likely to lose interest.
Another problem arises when the physical layout of the property doesn’t match the documented floor plan, suggesting unauthorized modifications by previous owners (e.g., unapproved mezzanine floors or attic spaces). Buyers are wary of inheriting such issues, as they become responsible for rectification and may face complications with authorities or even be unable to sell the property until compliance is achieved.
6. Unconventional Layouts Limit Buyer Pool
Properties with unusual layouts, such as wedge-shaped rooms, curved walls, or exceptionally long hallways, can be challenging to sell. These features often necessitate custom carpentry and can be inefficient in terms of space utilization. While some buyers appreciate unique designs, finding such a niche buyer can significantly extend the sales timeline.
Other challenging layouts include triple-key units (a single unit divided into three separate sub-units), extremely small one-bedroom units (under 450 sq. ft.), or highly customized interiors (e.g., merging three bedrooms into one large space, or heavily partitioning a unit for multiple unrelated tenants). These configurations appeal to a very specific demographic or those willing to invest heavily in extensive renovations, requiring agents to expend considerably more time and effort to locate suitable buyers.
If you intend your home to be a “forever home,” feel free to personalize it to your heart’s content. However, if resale is a consideration, it’s prudent to approach radical modifications with caution.
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 …
5 Essential Tips for Renting Property in Singapore as a Foreigner: A Guide for Newcomers
TLDR Renting property in Singapore as a foreigner can be challenging due to the high cost of living. To navigate...
Read More
Purchasing Older HDB Resale Flats: Key Considerations When the Flat Outlives You
TLDR HDB flats have a 99-year lease, and key housing schemes require the lease to cover the youngest owner until...
Read More
5 Things to Know About Singapore’s Urban Redevelopment and Landscape Changes
As one of the world's most densely populated cities, Singapore has undergone significant urban redevelopment over the past few decades...
Read More
The Advantages and Disadvantages of Purchasing an Auction Property in Singapore
TLDR When considering purchasing a property through auction in Singapore, remember that you can potentially get a great deal below...
Read More
HDB Owners Have Identified This Reason as the Primary Barrier to Upgrading in 2024. Surprising? Not Really.
TLDR High property prices in Singapore make it difficult for most to upgrade from HDB flats to private condos, despite...
Read More
Are We Going Into Recession? What It Means for You—and Singapore Property
TLDR Singapore faces rising recession risks as global trade slows, with GDP contraction and cautious sentiment signaling economic headwinds. For...
Read More
Rising Interest Rates : A Cause for Concern?
TLDR In 2021, the real estate market saw a surge in demand due to low interest rates and supply chain...
Read More
5 Points : Singapore’s Property Market vs. Stock Market: Which is the Better Investment Option?
Investing is an important aspect of personal finance and can be a valuable way to grow wealth over time. However,...
Read More
Rise In Private Home Ownership Among Those Under 35
TLDR Youth homeownership in Singapore’s private housing sector is rising, with residents under 35 living in private properties hitting 380,459...
Read More
Top 5 : Regret Buying An Old Condo in Singapore
In the bustling city-state of Singapore, the real estate market is a dynamic and ever-evolving landscape. As of 2023, new...
Read More
Why Older Freehold Condominiums Are Losing Their Edge in En‑Bloc Deals (2025)
TLDR Older freehold condominiums in Singapore are losing their edge in en‑bloc deals due to several structural shifts. Developers increasingly...
Read More
Top 5 Tips : How Investors Protect Themselves From Risk And Capitalize On Emerging Opportunities In Singapore’s Real Estate Landscape
The real estate landscape in Singapore has always been a lucrative investment opportunity for both local and international investors. However,...
Read More
Top 5 Must-Know Facts about Luxury Properties in Districts 9 of Singapore
Singapore, a bustling city-state known for its impressive skyline and vibrant economy, has always been an attractive destination for property...
Read More
Should You Splash Your Cash on a Condo Despite the Sky-High PSF?
TLDR The blog post discusses various aspects of investing in condos in Singapore, covering topics such as leasehold versus freehold...
Read More
5 Critical Mistakes to Avoid When Investing in Singapore Property: Insights and Advice from Experts
Investing in Singapore property can be a lucrative venture for investors, but it's important to avoid common mistakes that can...
Read More
Could It Be Wise to Sell Your Property After Just 3 to 4 Years?
TLDR In this blog post, the writer delves into the Singapore property market, particularly focusing on the effectiveness of quick...
Read More
The Top 5 Myths About Buying Property in Singapore – Debunked!
The Top 5 Myths About Buying Property in Singapore – Debunked! Here are the top 5 myths about buying property...
Read More
The Top 5 Legal Considerations When Investing In A Property In Singapore
Investing in property in Singapore is an attractive option for many, given the country's stable economy and strong demand for...
Read More
Singapore Distressed Property Market in 2025: Separating Fact from Fiction
TLDR Mortgagee sale listings in Singapore rose in Q1 2025, mainly due to higher interest rates in recent years. Despite...
Read More
