I was not interested in the 1.8% fall in private home prices in ST headlines. It is the increase in the prices of HDB resale flats that I am concerned about. Resale flat prices went up by 4.2% in Q3 2008.
HDB Resale Price Rose 4.2% in Q3
I will be moving to a new HDB flat in Tampines very soon and have to sell away my current flat.
So an increase of 4.2% in HDB resale flat prices is good news to me. This seemingly small percentage increase could actually translate in to several thousands of dollar; more than enough to cover your property agent fees.
A 4.2% increase for a $300,000 flat will result in an additional $12,600.
Home Prices Index
Looking at the price index chart above, it seems unlikely that the HDB resale prices will continue to go up. If I don’t sell off my current flat quickly, I may “lose” money in 3 to 6 months’ time.
How to Market Your Own HDB Resale Flat
I intend to sell my flat without using the service of property agent.
I have done it before – about 20 years ago when I helped my dad to sell his 4-room flat at Telok Blangah Rise. At that time the buyer also did not use a property agent so I had to help both the buyer and the seller of the flat.
Here’s how I will market my resale flat:
- Put up a website to showcase my HDB resale flat
- List my property at major property portals
- Advertise at ST Property Classifield Ads