
Benefits of Decluttering Your House Before Selling
If you’re planning to sell your house, decluttering should be at the top of your to-do list. Not only is it free, but it also
As a trustworthy realtor, I understand the importance of forging a good connection with my clients. I make it a point to be personable and share something about myself to build rapport. Getting to know my clients is a priority for me and I’m passionate about my work.
As a responsive individual, I am skilled in handling multiple appointments and listings effectively. I understand the importance of being organized and efficient in my work to provide the best possible service to my clients.
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Property Asset Progression
from 2003 to 2009
from 2009
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If you’re planning to sell your house, decluttering should be at the top of your to-do list. Not only is it free, but it also
🚨 HDB Resale Volume Plunge: Lowest Since 2020! 📉
Flash data shows HDB resale transaction volume plunged 38.4% in Oct 2025, the lowest sales month since May 2020. Prices also saw a modest 0.6% dip.
What does this massive slowdown mean? Buyers are being smart, and the ...market is stabilising.
🔑 Key Stats & My 3 Reasons Why
- The Dip: Transaction volume fell 38.4% (lowest since May 2020).
- Million-Dollar Cuts: Sales of $1M+ flats halved, showing resistance to high prices.
- The Cause: Buyers are flocking to BTO/SBF projects, drawn by new supply and attractive locations.
🗣️ 3 Reasons Why I Think This is Happening:
- BTO/SBF is Diverting Demand: The huge supply of new flats is giving buyers attractive alternatives, reducing the pool of resale demand.
- Buyer Resistance to High Prices: Sellers with aggressive asking prices are facing a stalemate. Buyers are patient and holding out for better value.
- End of FOMO Demand: The post-pandemic rush is satisfied. The market is entering a more normal environment, forcing sellers to be realistic.
The HDB market is changing. Don't navigate these shifts alone!
Ready to strategize your sale or secure your next home at the right price?
Book a real estate consultation appointment with me today!
@milsonngofficial
🏡 HDB Resale Market: Transaction Volume Plunges! 📉
Singapore's HDB resale market is seeing a major shift. Flash data reveals a sharp 38.4% plunge in transaction volume in October 2025 compared to September, marking the lowest monthly sales since May 2020.
...Simultaneously, the HDB Resale Price Index saw a modest 0.6% dip.
The significant drop in volume is largely attributed to the steady supply of Build-To-Order (BTO) and Sale of Balance Flats (SBF) launches in 2025, with more than 30,000 flats launched up to October. Buyers are flocking to these new offerings, especially attractive projects with shorter waiting times and prime locations like those in the Greater Southern Waterfront precinct.
The number of million-dollar flat transactions also halved month-on-month, falling from 172 to 87 units, indicating that buyers are showing greater resistance to high asking prices.
While prices remain resilient year-on-year, the market is showing clear signs of stabilisation as demand shifts towards the primary market and buyers hold out for better value.
🗣️ Three Reasons Why I Think This is Happening
As someone who has been in this industry for 16 years, here are my three key insights into this current environment:
1. BTO/SBF Supply is Diverting Demand
The aggressive rollout of BTO and SBF projects, particularly those offering desirable features like shorter waiting times and attractive locations, is directly siphoning off demand from the resale market.
Buyers who previously had few options but to turn to resale flats for immediate shelter are now finding the primary market a viable and attractive alternative, reducing the pool of potential resale buyers.
2. Buyer Resistance to High Prices
The market has reached a point where buyers are actively resisting aggressive price tags. The sharp drop in transaction volume, especially the halving of million-dollar flat sales, suggests that high asking prices are leading to a stalemate rather than a sale.
Buyers are increasingly patient and strategic, signalling to sellers that the price growth seen in recent years is becoming unsustainable without strong intrinsic value.
3. The End of Pent-Up Post-Pandemic Demand
The high transaction volumes seen over the last couple of years were partially fueled by pent-up demand from construction delays during the pandemic and a "fear of missing out" (FOMO). This demand has largely been satisfied.
The market is now entering a more normal, supply-driven environment, where the volume will be moderated by the consistent availability of new flats and stricter affordability considerations.
The HDB market is evolving.
Whether you are selling your current flat or searching for your dream home, navigating this new, more complex landscape requires expert guidance.
Ready to understand what the current stabilisation means for your personal property goals?
Book a real estate consultation appointment with me today!
Milson Ng
Your New Home Buying Journey Just Got Safer!
Major updates are coming for private residential homebuyers in Singapore, promising stronger protection and greater clarity starting in early 2026. Minister Chee Hong Tat announced regulatory changes designed to empower buyers to make more ...informed decisions.
Transparency is key: developers will now be required to disclose their past projects’ Conquas scores, allowing you to benchmark quality and choose reliable partners with confidence. Say goodbye to guesswork and hello to track records!
Even better? The crucial Defects Liability Period (DLP) and maintenance charge liability start date is being extended from 15 to 35 days post-TOP payment notice. This significant extension gives you crucial extra time—nearly an entire month—to meticulously inspect your new unit for any defects without pressure. This change ensures the DLP is better aligned with when you actually take possession, providing peace of mind as you settle in.
Reach me to have a chat whether you are looking to upgrade, rightsize or move closer to your loved ones with clarity.
@milsonngofficial
COURT DRAMA: Judge Rejects Bid to Sell Condo in Trust for Son! 👨⚖️
A Singapore woman's attempt to sell a $2.28 million condominium, held in trust for her son, has been firmly rejected by the High Court.
Ms Tan claimed the sale was needed to liquidate the asset to ...satisfy her $6.25 million debt to creditors.
However, Justice Choo dismissed the application, unconvinced that the sale was necessary or that it wasn't a scheme to evade stamp duty.
The core issue was Ms Tan’s failure to fully disclose her assets, liabilities, and, crucially, the fact of her late husband’s 2016 death.
The judge noted that this lack of transparency added to the "further nature" of her application.
Property trusts are a sophisticated tool for buyers, often used for three key benefits:
* Asset Protection: Shields the property from the settlor's (the person who created the trust) future creditors or bankruptcy proceedings.
* Succession Planning: Ensures smooth and private transfer of property to beneficiaries, bypassing the lengthy public probate process.
* Minor Ownership: Allows parents to purchase property for a child who is legally a minor (under 21), ensuring the asset is managed for their benefit until they come of age.
This case underscores the court's strict requirement for complete candour when seeking to deal with trust property.
@milsonngofficial
#SingaporeLaw #Trusts #PropertyTrust #AssetProtection #LegalUpdate
Happy Diwali! ✨
Sending the brightest wishes to everyone celebrating the Festival of Lights!
Whether you're lighting a diya, spending time with family, or simply seeking a little more light, happiness, and prosperity in your life, may this season be filled with joy.
...
Here’s to the triumph of good over evil, and light over darkness—a message everyone can celebrate! ❤️
@milsonngofficial
#HappyDiwali #FestivalofLights #Diwali2025 #LightAndJoy #Inclusion #Deepavali
When a Client Chose Stability Over Speculation — and Won
In every property market, there are moments when excitement and speculation can cloud good judgment. Prices rise, friends talk about flipping units, and fear of missing out takes over. But real wealth in property often comes from ...clarity and consistency — not chasing trends.
A few years ago, PJ, a friend I got to know through my walking activity, reached out to me. He and his wife had been staying in their 5-room HDB flat with their only child, who was then 15 years old. After more than a decade in the same home, PJ wanted to explore if they could take the next step — selling their HDB flat and buying two condominiums, one to stay in and another as an investment.
We sat down to review their finances, affordability, and loan tenure. After a detailed discussion, I advised them to focus on one good property first — a four or five-room condo, either a resale or one under construction. I shared with them that sustainability matters more than stretching just to chase an extra investment.
In the end, PJ and his wife made a grounded, thoughtful decision. They bought a 4-bedroom resale condo, spacious and well-located, that matched their family needs perfectly. It wasn’t flashy — but it was stable, practical, and financially sound.
Fast forward a few years: their child has grown, and both PJ and his wife have since right-sized from the 4-bedroom condo into a 4-room HDB flat. They are now happily retired, debt-free, and enjoying life on their terms.
💡 Lesson: True success in property isn’t about how many units you own — it’s about having clarity, peace of mind, and flexibility at every life stage. PJ’s story is a reminder that when you choose stability over speculation, you often end up with both security and happiness.
👉 If you’re wondering whether to stretch for more or focus on what fits you best, let’s have a chat. I’ll help you make a decision that strengthens your future — not your stress.
@milsonngofficial
🏘 EC Prices Hit Record Highs in 2025 — Demand Still Strong Despite Rising Costs!
Executive Condominiums (ECs) have reached record-breaking prices this year, with new ECs averaging $1,754 psf and resale ECs at $1,389 psf. Analysts attribute this surge to higher land and construction ...costs, coupled with limited government land supply. Fewer EC sites have been released, making each new project — such as Otto Place in Tengah and Lumina Grand in Bukit Batok — highly sought-after. Otto Place, for instance, sold 57% of its units at launch despite higher prices, reflecting Singaporeans’ confidence in ECs as a value-for-money asset.
To buy an EC, you must:
✅ Have at least one Singapore Citizen and one Citizen or PR in the application
✅ Earn a combined household income of ≤ $16,000/month
✅ Apply under an eligibility scheme – Public, Fiance/Fiancee, Orphans, or Joint Singles (age 35+)
✅ Not own or dispose of any private property within the last 30 months
ECs remain a smart bridge between HDB and private condominiums, offering potential capital appreciation and condo-style living.
💬 If you or your friends are exploring the EC route, drop me a message — I’ll help assess eligibility and shortlist the best projects for you.
@milsonngofficial
Whether you’re married or single, here’s how you can get your home near (or with!) Mom and Dad 👨👩👧👦
Ready to take the next step toward a 3Gen flat or a home near your parents? Whether you’re aiming for a Proximity Housing Grant (PHG) resale flat or exploring ...Executive Condominiums or private condominiums with dual-key potential, your family plan starts here.
Do reach Milson Ng to have a chat on your family's home journey!
image credit: HDB.gov.sg
HDB Resale Prices Cool Further – Lowest Rise in Over 5 Years!
Good news for public housing buyers: HDB resale prices continue their cooling trend, rising a modest 0.4% in Q3 2025.
This marks the fourth straight quarter of slowing growth and the lowest quarterly increase since Q2... 2020. The price index climbed to 203.7, up from 202.9.
Transaction volume also dipped, with 7,157 flats sold—a 10.9% drop year-on-year—as new BTO launches in attractive areas like Bishan and Toa Payoh draw demand away from the resale market.
While prices are moderating, the number of million-dollar flats transacted still hit a quarterly record of 480 units. This suggests the cooling is uneven, driven by a greater supply of new, affordable flats.
The uncertain economic outlook urges prudence in property and mortgage commitments.
Will this moderation be enough to make older HDB flats affordable for young families entering the market?
What will happen to the value of HDB flats as more mature estates approach the end of their lease?
@milsonngofficial
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