Rivercove Residences

E

eliteproperty

Junior Member
Joined
Jan 4, 2018
Messages
39
Reaction score
0
Zetrio2006 said:
Haha an irony statement because there's hardly any EC left.

Most EC getting sold out.

Rivercove only ec in 2018. All EC expected to sold out by June this year. Buy before it runs out and price further shoots up.
Click to expand...

Agree bro, Rivercove is the only EC going to be launched in 2018, and market analysts are all expecting property prices to increase as well. Would agree that RC will be a good EC to invest in.
 
B

birmingham123

Master Member
Joined
Aug 3, 2011
Messages
3,014
Reaction score
77
xiaoyuer89 said:
https://www.channel8news.sg/news8/latestnews/20171226-biz-resale/3920004.html?cid=ch8news-fb

Sharing this news article with regards to Punggol ECs meeting MOP this year and the resale price that has already transacted due to unforeseen circumstances(EG. divorce).

The price difference is about 25%
Click to expand...

Actually it applies to across most projects from ec to condos.. cause 5years ago, price still considered low... for example, highpark is private condo, launch at 9xx psf just 3years ago, the valuation for it now is at least 11xxpsf , easily 20%... if only ec privatised can carch up with condo pricing, then it will be easily 40% increase... strange behaviour though... if i am buying from resales market, i will get the resales ec... more worth it...
 
E

eliteproperty

Junior Member
Joined
Jan 4, 2018
Messages
39
Reaction score
0
birmingham123 said:
Actually it applies to across most projects from ec to condos.. cause 5years ago, price still considered low... for example, highpark is private condo, launch at 9xx psf just 3years ago, the valuation for it now is at least 11xxpsf , easily 20%... if only ec privatised can carch up with condo pricing, then it will be easily 40% increase... strange behaviour though... if i am buying from resales market, i will get the resales ec... more worth it...
Click to expand...

have to agree with you. if the EC now is $8xx+ and the PC is 11xx+ now, prices should increase 5 years later for both. even if prices for EC is not on the same lvl as PC 5 years later, there should still be a reasonable increase in price for the EC.

and when both projects are similar, eligible candidates would likely go for the more affordable option which makes the EC more attractive.
 
C

Clazav

Master Member
Joined
Nov 7, 2014
Messages
2,582
Reaction score
485
eliteproperty said:
have to agree with you. if the EC now is $8xx+ and the PC is 11xx+ now, prices should increase 5 years later for both. even if prices for EC is not on the same lvl as PC 5 years later, there should still be a reasonable increase in price for the EC.

and when both projects are similar, eligible candidates would likely go for the more affordable option which makes the EC more attractive.
Click to expand...

Yes people will buy a resale ec rather than a resale pc with the same area. That is confirmed.

But what about resale ec vs new ec?
That will be tough to decide. Current news seems to suggest resale ec (eg prive) is better (eg rivercove).
1. Potentially lower price
2. No need to wait for construction
3. No income ceiling
4. Can be second property.
 
B

birmingham123

Master Member
Joined
Aug 3, 2011
Messages
3,014
Reaction score
77
Clazav said:
Yes people will buy a resale ec rather than a resale pc with the same area. That is confirmed.

But what about resale ec vs new ec?
That will be tough to decide. Current news seems to suggest resale ec (eg prive) is better (eg rivercove).
1. Potentially lower price
2. No need to wait for construction
3. No income ceiling
4. Can be second property.
Click to expand...

Well... some people are particular about new and die die dun wan resales...
 
S

SBC

Arch-Supremacy Member
Joined
Mar 19, 2001
Messages
19,622
Reaction score
1,224
Many agents out in full force around NE regions.

Saw at Hougang & Punggol MRT.
 
LiteHouse

LiteHouse

Arch-Supremacy Member
Joined
Aug 24, 2001
Messages
22,812
Reaction score
4
Clazav said:
If HPR median psf is $850 and it was sold out within a day, it only means that the team of employees in hoi hup who set the price miscalculated. So if you are the head of that team for HPR, what psf will you have in mind?

And since rivercove has a poorer location, what psf will you suggest for it?

To counter the bto example, how do you explain for Parc botannia then?
Click to expand...

The future conservancy and maintenance fees are still wildcards.
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top