Should I hold or sell Floraview now?

To determine whether you should hold or sell your unit at Floraview, several factors need to be considered:

Market Conditions

The Singapore property market has been dynamic, with measures to curb speculation and promote housing inclusivity. However, the market remains stable, with consistent demand for residential properties, especially in well-connected areas like Ang Mo Kio.

Property Specifics

Floraview is a freehold condominium located in Ang Mo Kio, close to Yio Chu Kang MRT and major expressways. It offers a range of unit types from 1 to 4 bedrooms, and the development includes both residential and commercial spaces. The average sale price in the past 6 months has been around $1.29 million, with prices ranging from $1.02 million to $1.85 million.

Recent Transactions

Recent transactions at Floraview have shown prices ranging from $932,000 to $1.45 million, indicating a strong and stable market for the property. The psf prices have also been consistent, ranging from $1,260 to $1,636 psf.

Personal Considerations

Consider your personal financial situation, investment goals, and any immediate needs for liquidity. If you are not in urgent need of funds and believe the property will continue to appreciate, holding onto it might be a viable option.

Long-term Prospects

Given the property's freehold tenure, good connectivity, and the ongoing urban renewal projects in the area, Floraview is likely to maintain its value or appreciate over the long term. The increasing interest in eco-friendly and smart home developments could also enhance the property's appeal.

In summary, if you are not under immediate financial pressure and are looking for a long-term investment, holding onto your unit at Floraview could be a good strategy. However, if you need liquidity or have other investment priorities, selling now might be a better option. It is advisable to consult with a real estate agent or financial advisor to make a more informed decision based on your specific circumstances.