Sell Your House But Still Live In It – This is one of the questions we are often asked; and often one of the questions that cannot be answered correctly. This is because each person’s real estate or investment situation is unique and outside of the market. But since everyone is asking, let’s try to cover the general rules for the “best” time to sell in any real estate market:
Since the 1990s, every real estate agent has said that the best time to sell is mid-year (second and third quarters). We don’t know when in the past 30 years this became a generally accepted fact—and we can’t be sure of its truth. Yet, this is the answer many salespeople teach or are taught to give.
Sell Your House But Still Live In It
On the surface, this makes sense: after all, most people don’t like traveling during the holiday season, which begins at the end of the year. They also don’t like to move before the Chinese New Year. These are observable patterns, so the general recommendation is to sell around the middle of the year (rather than during hungry ghost season).
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This fact has been around for decades, but has not been the subject of real (recent) research. Even though the sale was close to Christmas or New Year’s, it’s likely that some or even many sellers made a substantial profit.
Achieving the above numbers requires comprehensive financial planning. For example, determining how much an asset needs to grow before selling it may impact other financial issues such as retirement goals, estate planning, selling assets, or refinancing the business.
This may mean you have to sit down with your preferred financial professional and crunch the numbers. if you do not have
(Unless you want to go with your gut and sell when you “feel” the market is at its top, but that’s closer to hitting the jackpot than investing).
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Flipping properties is a little easier because you have rental income and the property value is likely to appreciate based on recent transactions (if you do transactions frequently).
By charting cost trends, you can make more informed decisions about whether a project has reached its maximum value. If the rate of appreciation has slowed or has been slowed by other events, it is important to evaluate whether there is potential for further growth. If not, it’s best to consider investing in other developments.
As for resales, these are transactions that took place before your property was built (before your Temporary Occupation Permit, or TOP). If the return has already reached the target return (or is likely to be close to the target return in a shorter period of time), then it may make sense to accept the sub-trade offer.
For example, let’s say you plan to pay off about 20% of your home’s value over the next five years. You purchased an item from the Treasure store in Tampines in the first step:
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In 2019, you paid $1,335 per square foot, but by 2022, the price has risen to $1,584 per square foot. Someone offers to buy your equipment at this price.
That’s an 18% increase, close to your preset goal of 20%. Considering this happens in just three years instead of five, you may be able to find a profit and resell.
Also keep in mind that because of the Progressive Payment Plan (PPS) you may not have paid the full loan repayment amount yet, which could boost your profits.
Keep in mind that accepting a resale means waiting longer for an apartment, so there are other logistical factors involved. For example, if you own a rental home and the rent goes up, selling may not be a smart move.
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Let’s say your goal is to convert a four-bedroom house into a residence. Selling and moving is often a smart move, but make sure you have adequate funds.
Property prices tend to rise over time, and private property prices tend to rise faster than HDB flat prices:
We meet a lot of people who sell their properties because the price is high, and then we realize that it was expensive, but it also had to be expensive to buy. So be sure to do your homework before deciding to accept the offer.
Cold weather may force buyers to hesitate and take a wait-and-see approach. This could mean periodic price drops over the course of several months. The last time we saw this under cooling conditions was in April 2023:
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The average price of a single-family home fell from an average of $1,991 per square foot in April to $1,802 per square foot in December (but note that as of this writing, December is still two weeks away).
Eventually the market rallied again and tended to break out of the last peak before cooling conditions; but there were quiet moments in between. Some sellers may view this increase as an opportunity to trade other properties. If not, the next best time to sell may be after the market adjusts to cooler conditions.
Still preparing an answer to this. For example, some investors have contingency plans in place, such as being willing to extend their holding period for another two or three years.
A real estate agent can help you plan this path ahead of time so you don’t lose your temper when the hammer falls.
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This is where a real estate agent’s advice comes in handy. Your own project may be fully available for a short period of time – such as EC in fifth year (when it is first launched during the least busy period).
Worst time to sell. This is the best option because demand is high in the five-year EU, but also the worst option because other owners have similar plans to sell.
It all comes down to timing details: Do you want to be ahead on the emergency list or a little behind? And you especially don’t want to get stuck by listing that the apartment next to yours (the floor above or below) is currently for sale.
You’ll also want to know ahead of time whether the apartment (which doesn’t yet appear in URA records) has been sold. Especially for new releases, a fixed first price for one set affects other sets. So sometimes it makes sense to sell your devices only after the first few have been sold (assuming they reach a decent price).
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Likewise, you want to understand the surrounding competitors that buyers are looking at. For example, if a new home delivery service was recently completed, this could be a good or bad thing depending on the price. If the price is good and the agent wants to scare away buyers, it may not be the best time to sell.
This is a matter of making an appointment with a qualified operator; especially if your advertising is on a large portal that you have no control over.
(Two of the largest portals in Singapore require a CEA license to host them.)
Investment objectives and your personal financial situation. These factors, more than market fluctuations, determine the “best time” to sell. Even if you believe in the magical power of technical analysis and charts, this fact is still important.
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For more news on Singapore’s private property market or in-depth reviews of new build and resale properties, follow us on Stacked.
Ryan is a seasoned content strategist with over 17 years of experience in financial news and real estate, with a reputation for distilling complex industry jargon into easy-to-understand knowledge. Ryan has experience writing and editing articles for the financial and publishing sectors, and his expertise has been recognized by a variety of media outlets. His commitment to providing valuable information about the real estate market is highlighted by his role as content editor for 99.co and co-host of the CNA 938 Open House program.
My name is Sean and our goal is to help home buyers and sellers in Singapore make the best decisions possible. Do you have any questions? Write to us: hello@
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How To Sell Your House While Living In It In Today’s Market
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