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Some sellers look to raise asking prices in light of new enhanced HDB grant

Some sellers look to raise asking prices in light of new enhanced HDB grant.

SINGAPORE — A couple aged in their sixties who are trying to sell their Housing and Development Board (HDB) flat in Hougang wasted no time in responding to changes making HDB flats — including resale units — more affordable to first-time buyers.

Soon after the changes kicked in on Wednesday (Sept 11), the couple asked their property agent, ERA Realty senior marketing director Davon Chai, to jack up their asking price significantly.

Speaking to TODAY, Mr Chai said the couple now wants him to market the five-room flat for S$550,000 — compared with the last transacted price of S$480,000 for a similar unit nearby.

The couple believe the changes could lead to a better deal that would allow them to live out their retirement in a smaller flat, he added.

Read more at https://www.todayonline.com/singapore/some-sellers-look-raise-asking-prices-light-new-enhanced-hdb-grant

Adapted from Today 12 September 2019