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HDB has ramped up the supply of Build-To-Order (BTO) flats and offered more than 63,000 flats in the last 3 years1. Another 19,600 BTO flats will be launched in 2024, of which 2,800 flats will have shorter waiting time of less than 3 years.
In February 2024, HDB will offer about 4,100 BTO flats in Bedok, Queenstown, Choa Chu Kang, Hougang, Punggol and Woodlands. About 1,500 flats will also be offered under the Sale of Balance Flats exercise across various towns/estates, to provide more options to home buyers
Are HDB Flat Price At It's Highest Now? Or Continue To Rise Up?
Holding on may not be a good idea with plenty of BTOs & BSFs Launched and many flats coming up for keys collection.
While The Last En-Bloc Fever Was in 2023. When Do We Expect The Next To Come?
Numerous market observers, have been anticipating a resurgence of en-bloc fever in 2022/23. However, the collective sale landscape has remained unexpectedly quiet compared to the last one in 2017 This is especially peculiar considering the last batch of “en-bloc fever properties” from 2017 have now been redeveloped and sold.
As the last two en-bloc fever was in 2017. But this time around in 2023, a few factors are in the way:
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Rising ABSD rates for all involved
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Aggressive release of GLS sites
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En-bloc sites can be more problematic
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A high-interest rate environment
Aggressive release of GLS sites
2023 will see the highest release of GLS sites in around 10 years, adding around 9,250 new homes for this year alone. This raises the total supply of private housing to 63,500 units, inclusive of ECs.
Where Is The Market Heading Towards?
When Is The Right Time to Enter The Market?
What Is The Exit Plan?
What do property owners are to look out for when selling their property, below are some of the typically several key factors. Here are some common aspects that owners consider:
Timing: Owners often need to consider the right time to sell their property, taking into account market conditions and seasonal trends. May aim to align the sale with a favorable market environment or personal circumstances.
Market Value: Owners want to determine the fair market value of their property to ensure they receive a reasonable or best price for their property or investment. They may conduct a comparative market analysis or seek assistance of a professional appraiser to assess the property’s worth.
Financial Considerations: Property owners may have a specific financial goals or constraints in mind when selling their property. Aim to pay off existing mortgage, made profit, or utilize the profit for other investments.
Condition and Maintenance: Property owners recognize the important of presenting their property in the best possible condition. They make necessary improvements to enhance it appeal and attract potential buyers.
Terms & Conditions: Owners consider the flexibility and negotiability of terms & conditions relate to the sale. This include in factors such as the selling, payment methods, contingency, closing timeline, & additional agreements.
Real Estate Agent: Many property owners choose to work with a trusted real estate agent to assist them throughout the selling & purchasing process. Experience agent can provide valuable guidance, market the property effectively, negotiate with potential buyers, handle all issue & paperwork.
We consider all important that individuals property owners may prioritize different factors base on their unique circumstances and objectives.
Do contact us today!
Claim Your Free Valuation Report Today
Contact us now to claim your free valuation report and get a better understanding of your property's worth.