Your Property Agent Says: When is the best time to sell your home?

By EdgeProp Singapore / EdgeProp | January 4, 2018 5:00 PM SGT
Whether you are relocating, making space for a growing family, planning to move closer to your kid’s school, downsizing, figuring out when’s the best time to sell your current home can be pretty daunting, especially for first-time sellers.
In this article, we speak to property agents on when is the best time to put your property up in the market, to hopefully help you fetch the best price for your home. So read on to find out which is the best time for you!
Is there an overall optimum time for selling property?
Not according to Mr. Zac Huang, Senior Group Division Director at ERA. Huang says there is actually no “best time” for selling property, as long as the price is right.
However, he notes that sales transactions typically peak during the second and third quarters of the calendar year. “We tend to see more buyers during these months, especially for resale,” Huang shares, adding that this is probably because people aren’t away for the year-end holidays or busy with Chinese New Year celebrations.
Mr. Zac Huang, Senior Group Division Director at ERA shares that sales transactions typically peak during the second and third quarters of the calendar year.
Mr. Yong Chee Chung (Shaw), Key Executive Officer (KEO) at Century 21 agrees that volume of sales transactions tend to be highest during the second and third quarters of a year.
Shaw also tells EdgeProp.sg that homeowners who are looking to sell this year should take action sooner rather than later, preferably in the second quarter rather than the third. This is because new launches in the pipeline this year could potentially affect demand for resale properties, he says.
In 2018, JLL’s national director of research, Ong Teck Hui expects to see about 20 new project launches, yielding between 8,000 and 9,000 units. Meanwhile, HDB has announced that it will launch about 17,000 new flats for sale this year. The first Build-To-Order (BTO) exercise will be launched in February, during which HDB will offer about 3,600 flats in Choa Chu Kang, Geylang, Tampines and Woodlands.
The impending increase in supply in the residential market could potentially mean lower resale prices. “So, if you’re looking to sell, do it now while the $ psf...