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At 9xx, Jurong West St93. one of my neighbours just sold his 5rm for $588k (valuation: $530k). Last highest transaction here was $560k.

The rest if my neighbours are now calling for $630k (valuation:$540k) before the $588k sale is registered( 1st appointment in end Oct).

Question
1) once the $588k is registered , will the valuation be increased proportionally by $28k to abt $568k?
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2 Answers

Mike Lim
Replied
Evening,

The valuation for the particular cluster of HDB will only move if there are a lot of similar units going at the same range of selling price. This is why when some HDB units are sold at $1 mil, you don't sell all units around it having it's valuation raised drastically.

Regards
Mike Lim
 96929209 
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More
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Yian Tay
Replied
Hi I have checked the transaction, your neighbour is super duper lucky. They are on a upper mid-floor unit and are the highest priced unit in the ENTIRE ST 93 for 5rm flats. The valuation is definitely very high.

I do not think that the valuation will go any further, as the prices are based also on other 5rm flats in the neighbouring vicinity, and it will not be immediately affected by just 1 transaction.

If you are keen to know more about what your other neighbours have sold their units for, contact me.

Cheers,
Yian Tay
ERA Realty Network Pte Ltd
Mobile: 82884499 
Email: yiantay.era@gmail.com Read More
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