Asked by flyboy
Hi,
This is a bit embarassing, but I hope to seek some opinions after my purchase of a new development at west coast.
I bought a 2 bed room unit for a new launch
"luxurious" development last month. A check on the latest transaction data shows that I have paid a rather high PSF of 1128 for my unit, compared to a unit 2 floors below which transacted for 1095psf recently.
I did a calculation, and realised that to achieve a breakeven of all costs one year later (that is to avoid seller duty) I need to price my apartment at least 1188psf.
Don't talk about a lil profit, Is it really possible to sell a high floor (above 20) leasehold apt at 1188 psf in the short to medium term?
This is a bit embarassing, but I hope to seek some opinions after my purchase of a new development at west coast.
I bought a 2 bed room unit for a new launch
"luxurious" development last month. A check on the latest transaction data shows that I have paid a rather high PSF of 1128 for my unit, compared to a unit 2 floors below which transacted for 1095psf recently.
I did a calculation, and realised that to achieve a breakeven of all costs one year later (that is to avoid seller duty) I need to price my apartment at least 1188psf.
Don't talk about a lil profit, Is it really possible to sell a high floor (above 20) leasehold apt at 1188 psf in the short to medium term?
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