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Old 11-07-2019, 10:07 PM   #442
Join Date: May 2018
Posts: 1,650
Honestly, you are not wrong in comparing the above example.
SK resale condo 10xxpsf compared to sumang EC at 1130psf. Sounds like a no brainer.
Take for instance, letís go back to terrasse, the project u highly recommended and is transacting only at 10xxpsf to 11xxpsf.
In any aspect, terrasse seems to be a much better buy than sumang EC.
Terrasse is also near the upcoming mrt.

But do u notice that every time when u bring up terrasse, I will counter your argument not because your recommendation is flawed, but Iím also looking at the transaction volume that took place for terrasse.
What worries me is for the past 7 months, terrasse only see 4 transaction. This speaks clearly the lack of demand there even though the new cross island line announcement was made quite some times back.
On the other hand, what shocked me is prive is transacting 128 units in 2018 (average 9xx to 1kpsf) and is one of EC with highest transaction volume. This also tells me thereís demand in Punggol.

All in all, what I want to say is sometimes buying property does not always have a logical explanation behind.
If thereís poor buying interest for that district or area, no matter how cheap it is, there is still no demand.
That is why u will notice that I always like to look at transaction volume as one of the guiding principle when buying property because it will give me hints whether I will have an easy or hard time to sell my unit in future.
Your are right, "sometimes buying property does not always have a logical explanation behind."

Transaction volume has always been lower as property ages, no surprises. Only new launches, just topped, MOPed or beside mrt development will see high volume.

Terrassee, luxurie and the likes are my "hidden gems". Up to any to heed my advice. I am kind enough to share. Of course I keep a couple of secret gems only for myself..
annetyu is offline   Reply With Quote