So the red hot market may have you thinking about whether or not your place should go up for sale En-Bloc so you can make a somewhat decent return and move to another place.

Well I say...RESIST THAT URGE!!!

Despite what initially looks good (basically, you buy a place...and when it collectively sells, you make a profit), but where are you going to go afterwards?

Property has been on fire in Singapore lately, rates have gone up, selling prices have doubled in some cases, and people are flipping properties and cashing in left and right it seems.

Prices are probably going to be higher for a place of similar quality, or, further up the luxury chain than what you're already living in. The rush to flip property has given some people a very short-sighted view of what happens beyond the sale when they have to move out and live someplace else.

In some cases, you may have to downgrade just to be able to afford a place of lesser quality because housing prices have shot up so much the past year. I should know, I live way out in Tampines cause I couldn't afford anything downtown!

So if you get caught in that predicament of selling your place en-bloc (or just selling it in general) make sure that you have a realistic expectation of what your next dwelling will cost you, pick it out ahead of time and do your homework. Then when your place sells en-bloc, you'll be confident to know you wont be stuck in the same predicament all your neighbors are in.

Thats just my 2 cents worth, but, it always makes sense in life to me to think 10 steps ahead instead of 2, especially for something like this.

Curtis Bergh

Labels: En-Bloc, Housing, Real-estate, Singapore