It was revealed by HDB that the proportion of BTO flats offered inside a yr of assembly the minimal occupancy interval (MOP) doubled between 2016 and 2020, from 6.5% to 13.4%. It’s a pattern that appears to proceed, as owners search to improve to personal houses and as delays within the development sector drive up demand for resale flats.
Picture: Ambient Strolling from Pexels
In case you are within the midst of planning your BTO renovations with the mindset to promote your flat after it reaches MOP, we thought it could be useful to learn to enhance your BTO’s resale worth by what a possible purchaser appears out for. And who greatest to grasp how a house purchaser thinks than a property agent?
We spoke with Kenneth Tan, a property agent with ERA, and requested him concerning the significance of house renovation in the case of the resale worth of a MOP BTO.
“There are lots of components in play when figuring out the resale worth of a house, corresponding to location, cardinal instructions, which flooring your unit is at, facilities, variety of items per flooring and even the hall house you might have,” explains Kenneth. “When in involves …Read More