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will the leasehold 2-bedder unit above Pasir Ris MRT perform better?
This is what happens when you have a combination of being both patient and yet ready to make a quick decision.
Client #2: Sold their DBSS unit at record high and bought a newly-MOP resale EC at record low price
Earlier this month, I was looking at an area where I previously sold a HDB unit at $670K.
So I was surprised to see the record still standing even more than 1 year later.
After I posted this on FB, the client in question dropped me a Whatsapp message below.
For this client, we went through multiple discussions.
Eventually, we decided to strike a balance between growth and needs.
And from there, I did my best to get them protected as much as possible.
Plus, they actually now own a unit with a nice pool view.
Who says that when you sell high, you must buy high? LOL.
I still keep in contact with my clients and I am grateful to know they still like and follow my page even though our business transactions have long concluded.
This is a place for me to make friends!
So if you are an old client who is reading this, don’t feel shy to contact me if you have any questions.
Client #3: Sold their 4-room HDB at near record high and bought resale condo at near record low PSF
For this couple, I helped to sell off their 4-room HDB at near record-price of $400K.
And then, helped them to negotiate and buy a resale condo 3-bedder unit at Lakeholmz.
In terms of overall PSF pricing, I helped them to get them as close as to the lowest PSF price possible.
Again, opportunities are available if you know where to look and how to negotiate.
Client #4: Sold their 5-room HDB at near record high and bought a resale condo at lower than average PSF
For this unit, despite being located at a lower floor – I managed to sell it at a near record price of $792K.
The main reason the top floor unit was able to achieve $900K price was it had a very clear seaview which almost unblocked.
After selling their 5-room HDB flat, they upgraded to 3-bedder resale condo unit.
In terms of PSF, we managed to achieve the lowest price in the transaction within this development.
As much as possible, I will try to work out a seamless transition for my readers-turned-clients.
But sometimes, when opportunity is too good to reject….
We might have to take up the offers of having a much higher selling price but might result in requiring to find interim housing along the way.
Like 1 of my clients who gotten a much higher offer that can easily cover more than 1 year of rental cost.
But to secure this offer, we had to give up the 3 months extension for sale completion.
We took up the offer and rented for 1 year.
They slowly renovated the new place and moved in seamlessly with brand new renovation completed.
Client #5: Sold their 4-room HDB at near record high and bought 2 new launch units at lower than average PSF
For this case, I helped the couple sell their 4-room HDB flat at Dawson Road at above $900K.
This was a recent screenshot of the transaction prices at the same area in Dawson Road in 2021.
Surprisingly, even in the rising property market – it seems my record price of $9xxK remains relatively intact.
For this couple, they decided to purchase 2 condo units after selling off their HDB flat.
One person bought a unit at Marina One at a PSF below $2K.
The other spouse bought a unit at Leedon Heights at $1405 PSF – lower than the average PSF price other buyers paid.
We took the time to really analyze the choices available to them and decided which is the best course of action.
With such lower entry prices, they are now well-protected and better positioned than most other buyers out there.
Conclusion
To a certain extent, yes it is true that when you sell high, you have to be prepared to pay higher prices as well.
But with a competent agent at your side, getting prices that are relatively lower compared to similar units is still possible.
I cannot guarantee I can get lower prices every time but I will do my best that you are positioned well if the market moves.
My goal is to make sure you are always 1-2 steps ahead of the average buyer or average seller out there.
The supply is tight right now so that is why we are seeing all these bullish prices being demanded by owners.
Opportunities to buy a property is still available in this current hot market but it is just harder to find.
Selling your home now is not suitable for everyone. Buying a home now is also not suitable for everyone.
What is more important is that you are very clear on where you stand financially if you decide to take action and what are your options available.
Gary Seah is the founder of Second Property Investors and has been writing since 2015 to share his insights in the Singapore property market.
He has helped many people to strategize, plan & restructure their property portfolio and get the best profit from it.
Gary has been the agent behind many lucrative upgrading case studies.
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