My views... 5-rms & Exec flats

Year of the Dog is round the corner. Many chinese families are busy getting ready for the Lunar New Year. Hence, a slowdown in real estate marketing activities during this period of the year is expected.

But comes Feb, all marketing activities will resume and serious buyers will be out in full force after all the 're-charging' during the festive period. I'd reckon there are more transactions for 5-rm and Executive flats.

HDB resale transactions for the last quater indicated an increase in number of tranactions for such flats. These boost the resale prices to go up slightly but only for units at good locations - near MRT, schools, amenities, etc. Well renovated units are also good value for money.

Recently, I have felt more buyers want are buying to stay with their parents together, and with the change in application for grant, I can see 5-rms and Exec flats to have more transactions. Previously, buyers in a family nucleus with combined income of more than $8000 are not eligible to apply for grant but this mark has been raised to $12000. Hence it has created a new group of buyers for big units.

For 5-rm and Exec sellers, the good news is you can expect to see more viewers to your unit after Lunar New Year. But don't forget, units at good location will attract more buyers.

*ps: Pls call 91850641 to have further discussion with me.