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Rachelle Lye
16 Aug 2020
Digital Marketing at Fintech
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Baby Steps Finance
15 Aug 2020
Seedly Student Ambassador 2020 at Seedly
The earlier the better before the 99 year lease is up
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Hi there definitely!
Yep, Wei Yi is right, the earlier the better. The longer you wait, the resale value falls due to the 99 year lease.
One thing to note is that the prices of resale flats have been falling since 2013, but in 2019 due to cooling measures the prices actually went up a bit.
This is also dependent on the location of your resale HDB. For example, upgrading programmes and upcoming MRT lines could drive up the nationwide resale price index. A general note is that prices fall faster in younger estates than mature estates.
The resale prices would be affected by the time period and the number of BTOs/Executive Condos launched.
Hope this helps!