Hi Ms Saw,
Generally, prices of properties are highly pegged to the demand versus supply, thus while there is no transaction in the past, it could be either a case of no sellers wanting to sell or no buyers wanting to buy such properties.
In this case, it will be worth examining for the current supply of loft units in Up@Robertson Quay, how long have they been in the market as well as if there are similar units in other projects in the market. It is not something we are able to immediately determine if they will be difficult to exit in the future if you were to purchase this unit as purchasing trends and demands can shift over time.
While Ivan has pointed out that this is a niche type of properties, thus if there is a specific buyer who is keen to purchase such type of property, then they will also not have that many units to choose from and maybe subjected to the demanded price when there is no other choices available. For a typical conventional units, the resale supply number can be extremely huge that there are more units than buyers who are looking for it. Why are landed homes in Singapore appreciating so drastically even though there is only an estimated 70,000 numbers in Singapore?
I have been in the real estate business since 2009, with more than 13 years 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!
Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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