Saw a few ads in Iproperty asking 800k for 1415sf unit ..... seems 600spf is coming soon

too good to be true ....

Haha ..... exactly

That is wat i think so....

Kochin gor, I am in

2 units of 1415sf was transacted 730k last month and the selling price starts to call higher..... the price will be up again after VP (base on experience) , believe it or not , 600psf for this freehold condo is just a matter of time ....

If I am not mistaken from the agent..... they are unit 1 and 2, not 7 .... and according to the agent most of the owner who wanted to sell are from the internal staff and the korean (they are about 50~60units)....the koreans tends to cash out quickly therefore willing to sell under bank value which is around 700k for 1415sf (maybe this one is unit 7), but we see that they do not have many big units.

Most of our friends (they are professional likes lawyers and bankers) suggest that due to this property is consider low density and freehold (compare to the current new launched most of them are high density and lease hold), if we have holding power we should rent out our unit first because the rental now should be able to cover the loan amount and the management fee (3k~3.5k for 1415sf depends on the furnishing)- to avoid the tax 10% RPGT for first 2 yrs. Of course for those who wish to cash out immmediately is different saying....

According to the agent, bank value has reached 730k for 1415sf, that is why 2 units were transacted last month....which is 515psf.

And the owners has started to call higher now ...... and some of the buyers do not mind to pay a bit more than the bank value.

The mangement just told maybe end of next month

Totally agree.

That statement is only a common stand for majority ....

At the end, location is still the final saying....plus if it is a freehold with low density and if you have holding power ...... it does not matter at all.

Kochin gor always likes to 'perli' ppl one hor

Listing from I-property shoot up since last few days from 80+ to 117 now , many agent friends have noticed this condo liao ....

The more I see the more I dont feel like selling it .....

Good point also kochin kor.....maybe can be retire home ....

Been to do inspection last few days.....really no eye see .....

Yet quite impressed with the width of the corridor and the sceenic VIEW

Thought rental is not as good as subsale market for Covillea ......I still receive calls from agents to sell my unit.....yet when i tell them what if I want to rent out.....then they show lack of interest .....maybe the subsale commission is lots more compare to rental.....

According to them, for 1415sf good view unit, price is start from 780k now onwards.....

Not really

But glad to be acknowledged always.

yes it is low floor...but limited unit with balcony....really depends on the buyer's preference...

Bro Covillea, I am in your owner list leh

Yes it is very good price if it is really transacted with that pricing...but who can confirm if it is true ?

Most of the agent called also mention from 750~800k only...

Haha bro Dunbshy, no need to be so frustrated whoever can hold the property long enough will still make good margin...

Let's just wait and see

The RPGT is based on signing of the SNP agreement....

Let say the onwer bought and own the Covillea by Dec 2009, so 2014 is consider the 4th year... if can hold 1 or 2 year more then only sell even at higher price by then could be better gua

+1 damn right to the point of investment route.... u r the sifu ....