Now is really a very difficult time to buy a HDB flat as the demand for them is high but the amount of flats that are putting up for sale is low. Therefore, once there is a good catch, everyone is grabbing for it even thought one might need to fork out 30-40k cash above valuation or even more. Sigh. Such a big headache. After searching for closing to a year now, we are still at square one.
The valuation of the flats are getting higher. The price the owners are asking are also higher. Some are very far stretched or I should say 狮子大开口。For example, this morning I asked an agent who advertised on today's paper. It was a 5rm flat which was about 6yrs old, on 11th floor. The valuation is $430k and the owner is asking for a sky high price of $495k! OMG! These kind of flats, we do not even need to go and see, the price alone has scared us off.
So with such ridiculous pricing, how and when can we get something that we like and is within our budget? Really feel kind tired of flipping through the papers, calling the agents and viewing flats.
Which area are you searching in, Wendy? Central of Singapore? Very tough indeed...then it isn't just the location...the unit has to feel right also...tiring man...I totally empathise.a
ReplyDeleteim looking for amk area. think we have look for flats that are further away from the central...u also looking for flats?
ReplyDeletehmm yeah my bro has been waiting for those in Tamp, Bedok, Bukit Merah but no luck anyway!
ReplyDeleteErm, unless you are really ok with residing in Jurong! Haiz, this calls for a serious review to expand the land. But then again, no granite and sand!
How hard it is to be a Singaporean eh!
hey, alex din went for the balloting exercise in feb? they have bedok and bukit merah.
ReplyDeleteyep he went le, but no luck so far i guess. =(
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