What is a good size development ?
A big development has its own pros and cons. It is good for owners because due to the large number of units, there will be volume for sale and purchase and therefore the bank valuation will be able to keep up with the transacted price in a moving market and you will have a better chance to get a higher price. For big development, the maintenance fees is also lower with better facilities and therefore it may appeal more to tenant. However, the downside is also that there will be more competition when it comes to selling or renting because at any point of time, there will be at least a few units that are on the marketing looking for a buyer or tenant. However, there are ways to counter this.
If you are buying a property for investment, there are also other important factors to consider such as the location, future upside potential and comparison of other projects in the surrounding.
Please feel free to contact me so that I can understand your objectives better and value add further to your purchase decision.
(M) +65 9644 4854
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
I have written a guide on buying Residential Property:
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
There will always be competition unless it is the only project that is available. Key to it is how you manage the competition.
Development size may be considered one of the attributes but location is crucial.
You may text 9620 0827 for a casual chat. We can share with you some investment thoughts on property.
Gavin Read More
The factors to consider will actually be relatively easy to answer if you were to switch hats to a buyer. Will you be willing to pay for the unit if last transacted was a few years back and there is no comparable transaction based on the current asking price which is say 20-30% higher than the last one, if you have the options of other units similar in size and conditions in a bigger project where there were more comparable transactions already clocked in?
There is no hard and fast rules about the above, but more of a probability consideration where the natural behaviour of buyers will be. Is it easier to convince you to purchase another unit with more past transactions as comparison or convincing you on the price which is significantly higher than last transaction that was done about 2 years back?
I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: email@example.com / firstname.lastname@example.org
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
Your statement is not entirely true. There are pros and cons to both big and small developments, and we cannot say that all big developments are the same either. Each will have their own attributes.
Having said that, I will totally avoid small developments that are less than 100 units. This is due to my many years of experience. Such developments may have attractive prices over larger developments, but when it comes to selling them, you will likely face a lot of objections.
To me, a good sized development for investment purpose would be a 300-unit to 800-unit development.
Apart from the development size, it is also important to look at the unit mix as well. I would like to share with you how I determine a good investment property.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
PropNex Realty Read More
There are various viewpoints on this so it is not necessarily bigger developments are always better or worse. Bigger size developments offer big land sizes, more facilities and more landscaping and sometimes come with its own standalone shops which are welcomed by tenants and buyers. It also means maintenance fees are likely lower as its shared between more households. On the other hand, like you mentioned there is always inherent competition within the development which may be competitive in terms of tenant or buyer demand. But more transactions can also help to bring up the valuation of each unit, like what we are seeing in the current uptrend active resale market.
How I can value-add is to help you analyze the developments you have shortlisted, based on a dollars and cents perspective which is a good balance between monetary objectives and what you like (its hard to have both but its possible to find a balance between the two).
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
1) From an investment point of view, a bigger development has a lower risk in terms of capital appreciation.
2) One or more fire sales of units will not affect the average pricing compare to a smaller development.
3) Although it is more competitive to find tenants and buyers due to more similar units might be available when doing rental or selling.
4) But due to high demand is expected in the near future, this competitive effect will be minimized.
5) If you are aware of the population white paper that was published years ago. We have to meet the 6.9 million population by 2030.
6) Whether you believing it or not, our govt is determined to meet the target. Because this is going to resolve our aging population issue.
7) If you look around the world, other than China is not urgently seeking foreign talent but adjusting their birth policy to encouraging more children from the vast local population than forcing on only giving birth to a single child.
8) The rest of the countries are offering packages to attract foreign talents to resolve their aging population. It is more critical to our little island.
9) The govt has slowed down their GLS after the pandemic outbreak. But before that, every half a year the govt is releasing more govt land for sale to boost the property supply.
10) This is so as to prepare infrastructure for foreigners. As foreigners are not eligible for the HDB flat. This explains why there is still no cooling measure implemented despite PPI increases even when our GDP had gone to negative in 2020.
11) A good size development from my point of view is anything that ranges from 300~1,200 units. This is only a rough guide as we also have to see the facilities available in the project.
12) Facilities are also very important when coming to pick a good development.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: email@example.com if more information is needed.
I'll be glad to assist.
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More