Good morning,
A quick look at the starting prices of the 3 bedrooms in the 2 projects discussed, $2.524mil for PG and $3.31mil for Atelier. Imho, quantum wise, it will be easier to exit next time for PG since your future buyer who goes through the same scenario as you can still get a 3 bedroom within a $3mil budget at PG and may rule out going beyond $3.5mil.
Generally in my observation, for new projects freehold and leasehold status for the first 20 years does not seem to matter much for newer generations of buyers. But rather location, proximity to MRT and schools, amenities, layout, overall design, land size and communal space plays a stronger factor. In this instance, for a buyer who is indifferent between the 2 districts, PG may just check more boxes, and what more it is also a mixed development directly connected to MRT. It may be easier to exit next time a mid-size development like PG versus a boutique development such as A.
Farrer Park Hampshire Road is also undergoing transformation and will bring the spotlight back to PG's location in the next 5 to 10 years. There will be upcoming sports facilities and newer HDBs to rejuvenate this area, as well as the completion of the North-South Corridor. The land occupied by LTA currently is also zoned for residential development, and may sell at higher land prices next time. This narrative can give a overall boost to prices during your holding period as well.
A part of it depends on the layouts and units available as well. I'll be happy to share my inputs on the layouts you have chosen from an investment point of view. I am contactable at wa.me/6597432395 , look forward to hear from you soon!
May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.
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