Resale Owners, Time is Ticking Slowly But Surely!

Resale Owners,
Time is Ticking
Slowly But Surely!

All Property Owners

Are we looming over a downturn soon? Is it a seller's or buyer's market today?

For those who had bought a property before the onset of Covid or during the year of the pandemic, your property should be sitting on handsome profits.

The average Capital Gains that these property owners are experiencing over the span of 3 years is about 18%. However, as we know that the economy has cycles, similarly, property prices also move in cycles.

Let's Dive into This Real case study

Let’s take a look at this HDB block 645 in Punggol Central. After the flats fulfilled their MOP, the owners in the block started selling and prices peaked in 2012, with transactions reaching up to $592,000 in Dec 2012.

Thereafter, the volume of transactions slowed, to the point that there were no transactions for 2 whole years. The first transaction in 2014 saw an owner deciding to sell his unit at $160k less than of the latest transaction.

It has taken 10 years for a unit in this block to be sold at $600k, which was in Dec 2023.

Was the case similar in the resale condo market?

From the above, we can that in the private resale sector, transactions volumes also slowed.

In the case of The Warren, there were no transactions for almost 3 years. When a transaction did finally occur, it was a higher floor unit that was sold at $128k lower than 3 years earlier.

Seller's Market or Buyer's Market?

In a period of slowing transaction, where we are now at, are we expecting a switch in sentiments from a seller's market to a buyer's market?

Are We Looking At An Oversupply Situation Today?

Previously, the government increased the Additional Buyer Stamp Duty (ABSD) for foreigners to clamp down demand. At the same time, the government ramped up supply on homes for BTOs and released more land for sale.

On 9 April 2024, the government also announced that we will see nearly 100,000 homes to be ready by 2025.

With All The Supply Coming Into The Market, How Would It Affect The Resale Prices?

Back to the case study

Let’s bring back the HDB seller – Ben for the Punggol flat in the previous example.

In 2012, he caught the right opportunity to sell his HDB flat for $592,000. With his proceeds, he then upgraded to a 4 bedroom condo at $1.3xm in the same vicinity. After holding the property for 4 years, he made a decent amount of profit on his private property.

Would he have been better off if he stayed in his HDB flat for the next 10 years?

Scenario 1

Let’s have a look at these 2 case scenarios with 10 years horizon.

In case scenario A, Ben moved from his 5-room HDB to a 4 bedroom condo in the same vicinity while his neighbor, Michelle, stayed put.

Today, Ben is sitting on more than 2.4 times the amount of profits, and has $1.5m worth in his asset value while Michelle experienced losses and opportunity costs by staying put over the entire period.

Having said that, we know that prices for different properties in the same time frame can vary and shift very rapidly, and in a short time. Demand and supply are still the primary forces in driving the market forward or backwards. How should we use the knowledge that we have to navigate the market?

What’s more – Covid happened, that brought a surge in property prices in Singapore, The war also indirectly raised inflation rates & interest rates to what it is now.

What is happening in TODAY’s market considering these macro factors?

Today, we are seeing volume of transactions slowing down, and a possible downturn for resale.

Cote D Azur

6 transactions in Q3 2023
4 transactions in Q4 2023
2 transactions in Q1 2024

Clover by the Park

6 transactions in Q3 2023
8 transactions in Q4 2023
2 transactions in Q1 2024

Tampines Trillant

16 transactions in Q3 2023
7 transactions in Q4 2023
5 transactions in Q1 2024

What should you do today in TODAY’s context then?

Should you do a wait-and-see approach or should you sell and wait?

Let me guide you to your next home purchase and maximize your profits!

My Strategies and How it can Help You

Knowing the current market situation and How it will affect different people is Essential

As all of us have different needs and objectives, knowledge of the current market situation and the available solutions are essential to determine the best strategy for our housing, financial and retirement needs. What may work for another family, may not necessarily apply to all families, hence, I will listen and understand all your concerns and goals.

After our consultation, I will analyse and use various tools to form the best strategy to achieve your needs and objectives. The customised analysis and strategy will empower you to make the best decision for your family and yourself.

Assisted many Homeowners

Helping Homeowners Move Forward Safely Through Property

Over the years, I’ve worked with many homeowners to plan their next move whether it’s upgrading, right-sizing, or investing for the future.

Every decision comes with trade-offs and the goal is always to move forward safely and sustainably. Some clients have used their property gains to upgrade their lifestyle, some have right-sized to unlock funds for retirement and others have built up their portfolio for long-term planning.

No two situations are the same, which is why each plan starts with understanding your goals, timeline and financial comfort level.

If you are exploring your options and would like a clearer view of what’s possible for your own property,
I’m always happy to have a quick discussion.

Meet Marco

"Trusted Realtor with Integrity and Proven Results"

I entered the real estate industry after building my foundation in sales and marketing, and over the years I’ve had the privilege of helping many homeowners and buyers navigate Singapore’s property market with clarity and confidence.

Since becoming a full-time realtor in 2017, my approach has always been straightforward to provide honest advice, look at the numbers carefully and help clients make decisions that suit their own goals and comfort level. Many of the clients I’ve worked with have gone on to upgrade, right-size or reposition their property portfolio over time, and much of my work today comes through referrals and repeat clients.

The Realtorpreneur

I believe property decisions should be made with a clear plan and realistic expectations. Whether it’s selling, buying or planning the next move, my focus is always on helping you move forward safely and confidently.

Integrity, sincerity and professionalism remain at the core of how I work. My goal is not just to complete a transaction but to build long-term relationships and be a trusted point of contact whenever you need guidance in your property journey.

Testimonials from Satisfied Clients

I'm very honoured to have receive many appreciation notes from clients

Recognition of Achievements

My drive to achieve strong outcomes for clients has been recognised by PropNex management through awards such as Platinum Achiever and Top Individual Producer.

More importantly, I’m grateful for the continued trust and support from clients, colleagues and management over the years. That trust motivates me to keep improving and to serve each client with focus, care and a clear strategy.

In a dynamic property market like Singapore’s, my goal remains the same which is to help clients move forward confidently and make well-considered property decisions.