How Resale Condos Is Benefiting All Property Buyers

As the world economy continues to face challenges, more people are considering resale apartments as an option. This is despite HDB’s best efforts to discourage resale, rather it can only attract new residents. While there are other types of condominiums for sale such as large apartment complexes, they remain out of reach for those who lack personal finance or are not averse to high-priced properties. And yet, there is an alternative – HDB Upgraders, or Resident Dwellers.

However resale condo sales dip in volume this year, by 2020 resale might be back on the rise. With greater appreciation in property values, buyers will be looking for an opportunity to invest in their dream home.

Some HDB Upgraders have set their sights on gaining investment properties and either redeveloping them into apartments or selling them off for development. Others are simply looking for rental properties that can earn rental income.

Market forces at work

Even as prices rise, some HDB Upgraders believes that prices will not go higher than five percent higher than the market value. They will continue to keep prices down and let the market run its course.

For those who already own a home with a garage or an off-street parking space, such a high-end property would provide a safety net should prices fall. The prospect of an income stream from your own property, can help pay the mortgage, buy groceries, and provide funding for retirement.

For the rest of us who are looking to buy a house and who do not have such an extra asset, condo sales have been little affected by the economic crisis. Presently, more people are opting for this product than usual. Those who wish to stay in their home, have their own parking space and are concerned about house insurance should consider buying a condo.

Dip in prices in 2020

Nevertheless resale condo sales dip in volume this year, by 2020 resale condo sales could be back on the rise. With greater appreciation in property values, buyers will be looking for an opportunity to invest in their dream home.

Resale condos will continue to attract new investors. Most HDB Resellers are keen to regain market share, and lower prices are a great way to do it.

Therefore, when looking at how to boost resale condo sales in the next few years, HDB Upgraders should consider leasing units that have not been resold. There is an increased demand for housing, and the current oversupply has resulted in both speculation and many are being priced out of the market.

Resale prices will always fluctuate

Volume to rise again

However resale condo sales dip in volume this year, by 2020 resale condo sales could be back on the rise. With greater appreciation in property values, buyers will be looking for an opportunity to invest in their dream home.

Whilst resale condo sales dip in volume this year, by 2020 resale condo sales could be back on the rise. With greater appreciation in property values, buyers will be looking for an opportunity to invest in their dream home.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *