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Hi Guru, I am currently staying in a EA at Edgefield plains in Punggol. Unit is at 5th floor. What is the current asking price for a EA in Punggol now? Contemplating of upgrading to a condo. Bought the flat in the OM 2 years ago at $390k. Understand from source that the current condo price is on the high side and is quite risky to go in now. What is your view on the current situation? Should i sell my current flat and rent or just sit tight and wait? Thanks
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2 Answers

Hi Kenneth,

The estimated valuation for an EA in that area is about $460k - $520k, depending on its vicinity to central, not including the Cash Over Valuation.

As for current market in private. It would have to depend on the location that you are looking at. For core central region, the market is cooling off with lower transactions. For outside central region and the rest, the demand is still visible. Its up to you to decide if the market will stabilize in a few months. You might want to look into liquidating your cash flow to look for good buys when the market quieten down. But there is really more to this and I will be glad to share, just let me know..

Cheers,

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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