Everyone loves to buy an undervalued property. After all, who doesn't want to buy low and sell high? It's the ultimate dream for any property owner. That said, 2021 is a bit of a conundrum, to investors and homeowners alike. While home prices are rising across the board, it’s a little painful not to take advantage of super-low interest rates; or face the prospect of prices going even higher if you wait. Even in the current high-priced environment, however, there are ways to spot an “undervalued” property in the Singapore private property market.

1. Examine saturated areas first
Going by the demand and supply rule, in areas of an oversupply you have more option to pick out something that may have been overlooked by others. Especially with many resale options in an area, noting down the price discrepancies between each can help you identify one.
2. Work out the new launch / resale price gap
To get a better idea, read: [https://stackedhomes.com/edito....rial/undervalued-pro In short, the idea is to identify the price gap between a new launch and resale property in the same area (somewhat related to point 1).
3. “Worst house in the best area” strategy
This is old real estate advice, and works best if *applied in moderation*. This argument is that – if you look for a stigmatised or run-down property in a desirable location (e.g., an old flat in Bishan, or Peace Mansion in Dhoby Ghaut) – you are most likely to find an undervalued property.
4. Don’t ignore new launches just because it’s a later sales phase
It’s generally true that, the earlier you buy, the cheaper a property will be. However, there are exceptions to this. So instead of the early buyers making a profit, it would be the later buyers that would stand to gain. An example of this would be at Sky Habitat (see the article for more).
5. For HDB properties, dodge the five-year mark
Sellers of five-year old HDB flats know the value that they hold for buyers that aren't willing to wait for a BTO.
6. Check out older listings, including rental listings
If you already have a particular development in mind, do check out listings that have been around for a while. Most sellers have a given time frame in which to sell their property; as they near the time limit, they may become more amenable to negotiation. So you are able to gain an upper hand when it comes to the negotiation.

For more please read:

https://stackedhomes.com/edito....rial/6-super-useful-

0:00 - Intro
0:59 - #1 Examine Saturated Areas First
2:46 - #2 Identify The New Launch And Resale Price Gap
5:03 - #3 Find The Worst House In The Best Area
7:58 - #4 Don’t Ignore New Launches In A Later Sales Phase
9:33 - #5 Dodge The 5-Year Mark For HDB Properties
10:53 - #6 Check Out Older Listings (Including Rental Listings)
14:22 - Outro

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Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.

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