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Old 08-07-2019, 03:48 PM   #301
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Thanks for clarifying.
But still subject to 3 years SSD right for resale EC.
Ya but all private properties got SSD, so there is really no difference.

Anyway just look at how Prive and other EC prices jump straight after 5 yr MOP and you can see just how the restrictions matter. Income ceiling, family nucleus, resale levy, MOP, etc etc all these things matter a lot.
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Old 08-07-2019, 03:55 PM   #302
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Ya but all private properties got SSD, so there is really no difference.

Anyway just look at how Prive and other EC prices jump straight after 5 yr MOP and you can see just how the restrictions matter. Income ceiling, family nucleus, resale levy, MOP, etc etc all these things matter a lot.
That probably explains the high resale transaction at Prive.
Thanks, today learn a lot on new EC restrictions since this is the sector I never venture in before.
Then again, Many buyers may still think novelty comes with a price.
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Old 09-07-2019, 12:29 AM   #303
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I wish I could but there is too few EC projects for me to give you a good comparison. There a hiatus in EC launches fro 2008 till 2013(prive). Not forgetting that 2008 was financial crisis and I am unable to dig up such old data.

Prive is the only EC we can refer to in PK/SK that topped and finished MOP in the last decade. The resale price of Prive EC is the same as any other PC in PG/SK. Therefore, I think we can compare Sumang EC with any other resale punggol condos which are going for $1,050 on avg.

However, in 2014/2015 when those ECs were sold for $800psf ... ... ... there are no new condos in punggol to compare with at all. So, only data we can use for comparison is the discount from private condo launch.. and that discount now is a far cry from in the past...
I think Austville Residences also can be used as example... same age as Prive. Riversound is right beside it being around 1 year younger.
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Old 09-07-2019, 10:17 AM   #304
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Austvillen is very ulu in SK , at least to me
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Old 09-07-2019, 10:17 AM   #305
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EC when buy shouldn’t sell
When sold they goin to upgrade meh? Up to PC? Got meaning meh?
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Old 09-07-2019, 10:24 AM   #306
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EC when buy shouldn’t sell
When sold they goin to upgrade meh? Up to PC? Got meaning meh?
Move to better locations.
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Old 09-07-2019, 12:38 PM   #307
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Sumang land bid result came out on Feb 2018.


Prive transactions price before this date was 826psf.


Mar 2018 onwards, those 1100sqft and below units at Prive transacted at 984psf on average, highest hit 1064psf, lowest 865psf.


In total, sales of all sizes units transacted after Feb 2018 till now, 139 changed hands.


The land bid result does drive up resale price and resale volumn at Prive.
Those smart one made the first move.
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Old 09-07-2019, 12:42 PM   #308
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This is when we need to compare sumang with other punggol resale condos...

And how liveable are sumang units? Please post some pics of showflat when you can.

wont be apple-to-apple comparison if compare Piermont with punggol resale condo.. as Piermont is new launch.. as there are no other new launch in Punggol currently, the closest one probably is Parc Botannia in Sengkang?

size wise, not the biggest amongst all the EC currently ( cant say for the future EC though), but very decent size..

3bdrms 840 / 990 / 969 /1023 / 1055 / 1130sq
4bdrms 1302 / 1356 / 1367sqft
5bdrms 1432 / 1507 sqft

but for new launch, 3bdrms from $9xxK in D19, I think now canot find ady.. I maybe wrong, if u come across any, please let me know.. so I can swing my clients over if they dunwan to buy Piermont..
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Old 09-07-2019, 01:07 PM   #309
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wont be apple-to-apple comparison if compare Piermont with punggol resale condo.. as Piermont is new launch.. as there are no other new launch in Punggol currently, the closest one probably is Parc Botannia in Sengkang?

size wise, not the biggest amongst all the EC currently ( cant say for the future EC though), but very decent size..

3bdrms 840 / 990 / 969 /1023 / 1055 / 1130sq
4bdrms 1302 / 1356 / 1367sqft
5bdrms 1432 / 1507 sqft

but for new launch, 3bdrms from $9xxK in D19, I think now canot find ady.. I maybe wrong, if u come across any, please let me know.. so I can swing my clients over if they dunwan to buy Piermont..
Riverfront and Florence Residence in D19
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Old 09-07-2019, 01:07 PM   #310
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The land bid result does drive up resale price and resale volumn at Prive.
Those smart one made the first move.
Exactly, its all about land bids and en bloc money.
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Old 09-07-2019, 01:08 PM   #311
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Riverfront and Florence Residence in D19
don't have.. RF and Florence 3 bdrms price from $1.1X M
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Old 09-07-2019, 01:10 PM   #312
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wont be apple-to-apple comparison if compare Piermont with punggol resale condo.. as Piermont is new launch.. as there are no other new launch in Punggol currently, the closest one probably is Parc Botannia in Sengkang?

size wise, not the biggest amongst all the EC currently ( cant say for the future EC though), but very decent size..

3bdrms 840 / 990 / 969 /1023 / 1055 / 1130sq
4bdrms 1302 / 1356 / 1367sqft
5bdrms 1432 / 1507 sqft

but for new launch, 3bdrms from $9xxK in D19, I think now canot find ady.. I maybe wrong, if u come across any, please let me know.. so I can swing my clients over if they dunwan to buy Piermont..
This sumang EC is priced against all these overpriced new launches, so of cause you're unlikely to find any lower priced new launches.

Please take photos of the showflat when you can, esp of the most common 840 sqft 3 bedder.

You're lucky many don't care about livability anymore, so your sales should be good! Try to distribute more flyers around SK/PK hdb and all the best!
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Old 09-07-2019, 01:12 PM   #313
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Exactly, its all about land bids and en bloc money.
En bloc money formed the support of the high prices and everyone else have no choice but to follow through.

Very smart move by developers actually. They created buyers for their own developments who have the means to push prices up with the windfall.

Last edited by annetyu; 09-07-2019 at 01:19 PM..
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Old 09-07-2019, 01:44 PM   #314
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Sumang land bid result came out on Feb 2018.


Prive transactions price before this date was 826psf.


Mar 2018 onwards, those 1100sqft and below units at Prive transacted at 984psf on average, highest hit 1064psf, lowest 865psf.


In total, sales of all sizes units transacted after Feb 2018 till now, 139 changed hands.


The land bid result does drive up resale price and resale volumn at Prive.
Those smart one made the first move.
I feel not high enough ley, normally ready to move in should be selling higher than launch ones where u need to wait 3years to move in
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Old 09-07-2019, 02:28 PM   #315
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I feel not high enough ley, normally ready to move in should be selling higher than launch ones where u need to wait 3years to move in
Goes to show that new launches are overpriced.

Old resales are supposed to be higher than new launch? Really?

Either you are a newbie or trying hard to flip your flat.
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