resale flat prices

[ss lim]

It looks like prices in the leaflets are all very much higher than the actual hdb transaction prices. Furthermore, the transacted flats listed in hdb website are usually less than 5 years.. probably due to divorce or migration etc.

I have a friend looking for punggol flats, but it looks like the property agents have inflated the expectations of the owners. They are asking for 10K, 20K above valuation. Valuation is already market price! Why would you guys expect buyers to come out with 20K above market price, and in cash..

Another problem is, the sengkang flats are all selling for lower than punggol flats, even those next to the sengkang MRT and compasspoint.

[epsilon]

I am trying to sell mine for 15K above value. The renovation costs 60K. Shouldn't the flat fetch at least 15K above valuation ?

[bacteria]

I think its up to the market.. Willing seller willing buyer.

[augustine]

valuation price is the market price.. its what all those flats, even with fantastic renovations are selling for, on average. it is crazy to keep trying to sell above value.. if everyone really manage to keep selling above valuation, then the valuation prices will go up, since its based mainly on transacted prices.

like that, very soon, hdb flats will sell for 1 million, and keep going up. let's be realistic.