With Singapore’s property prices at record highs, an undervalued home may seem like a rarity. These are houses where the amount you pay for is less than its market value or bank valuation.

So how do you spot these hidden gems?

Tips For The Hunt

  1. Study the price gap between a new and resale property in the same area

How different are the prices between a new launch and a resale home in the district you are looking at? If the gap is at least 20%, the resale property is worth looking at.

Apart from being either public or private housing, and freehold or leasehold, most homes in Singapore are priced according to their location, so a decent price gap shows that you are getting a similar property at a better value.

  1. Look for older listings

Check for listings that have been up for a while. These tend to have higher chances of being