For a start you have the right idea, Regentville is 20+ years old hence thats one of the primary factors. The exterior facade is a bit dated, hence perceived value may potentially drop. Resale buyers tend to go for newer condos around 10 years, hence its difficult to command a higher psf when the condo becomes older. Another potential factor could be that the typical layout in RV is not regular shaped (non squarish) which could in theory reduce the resale demand, as locals are used to squarish layout.
You might want to compare with Terrasse private condo just 500m down the same Yio Chu Kang road, which is more apple to apple comparison in my opinion. I have compared some of the transaction data with my invites at Hundred Palms EC, and they can see the value. The number of eApps (1000 and ongoing) can't be too wrong and its a strong indicator of good value.
Have you checked out the showflat? I am involved with the developer appointed team and will be glad to share more about the attributes of this development. This is in my opinion a good deal as you are entering at an immediate price advantage vs Terrasse and within 1km of a top primary school Rosyth Sch. The resale demand will be quite strong when you sell next time. No obligations yah, do give me a buzz at 97432395 as we are not prompted when you reply here, happy to share more at the show unit.
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 ERA ASAP
(ASk Anything Property)
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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --
Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.
Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.
Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.
He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.
When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.
Thanks Ivan! :)
Mark, your RIGHT choice
I understand your concerns. Typically, the older the condo is, the lesser the balance lease left, and you are assuming that the prices gets lower with it too.
In general, this theory may be true. But have you asked yourself why if this is the case, why are the property prices in Singapore going higher and higher after every property cycle? If this theory holds truth, wouldn't our parents property which they bought at below $100k some 30 years ago, be worth less than $100k now? Why are their properties worth 5-8 times more today instead?
I think you if you were to decide to invest into a good potential property today, you should do further in-depth analysis, before you really jump right into it. Today's is indeed a Buyers' Market. Any upgrading should be done while we are in a Buyers' Market, and not when we are in a Sellers' Market.
Should you need any 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 and your partner in the current market.
Your concerns are indeed valid, however, because these 2 projects are of different age groups, therefore we cannot take comparison direct in terms of its pricing. If we are allowed to look further back, you will notice that despite the prices achieved in Regentville now, the first owners of this project are still sitting on comfortable profit because the pricing during the launch at Regentville back then was even lower.
If you have further questions, feel free to check back with me. My objective is not to sell you Hundred Palms but look into your needs and wants before drawing up potential solutions to your housing plans.
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Regentville is a older condo. Property price is about supply and demand, news said it is oversubscribed. If you are interested, please drop me an email for me to share with you the procedures and advice you on the financing. Fyi, the show flat will be close temporary by 17-Jul.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
Your worries are common. I would love to share with you the potentials of others ECs available based on your requirements. Feel free to watsapp or drop me a call.