Dear Michaelson,
To be frank, the true value of a property will differ from the different buyers who may see different benefits for the same property.
For example, with all my life activities (child's school, wife's office and parents home) all located in the east, what are the chances that I will see great value for a property selling $100k below valuation in Jurong West as compared to a purchaser who has the above all in the west? I will definitely not get to enjoy the $100k under value as compared to the latter buyer.
Similarly, the rental market over in Hillview area at the moment is less than ideal because of the ongoing development works in the area, making transport a main concern for prospective tenants, but why are there still homeowners staying in the area? Probably their extended families are also staying in the area, where the grandparents can help look after the children after school and so on, therefore this aspect adds value to the property, while the anticipated value enhancements with the completion of the developments in the near future will definitely make the whole area much more exciting. If you do not mind my question, why is it in the first place you have shortlisted this location but decided against it?
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
Read More
