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I find it a strange phenomena that similar sized HDB flats with just a few hundred metres difference or less to the mrt (sometimes just divided by one road) can have a $100k plus and sometimes $200k difference in pricing in Bukit Panjang (perhaps other estates as well). The actual walking isn't actually a huge difference so are people foolish to pay so much higher for that slight difference in distance to mrt?
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1 Answer

Hi,

You have to understand this is a 'demand & supply' circumstances.

When there is no demand, the price will drop.
Especially in real estate, it is the buyer who see the value to decide to buy. And it is also free for seller to shout any price they deem right.

But you also have to know that each property is unique; level, facing, noise, smell, neighbour, condition etc. If this is taken, then no other can fit exactly right.

Prices in real estate does not fluctuate like any commodities. Every up and down is taking at least 6 to 12 months to happen, and in terms of single digit percentage.

That was the main reason, I always do an assessment with all my client to let them understand their financial status before committing to a situation they should not or not suppose to be caught into.

Everyone consideration point is different, short distance to one does not apply exactly to another. May be the one who willing to pay for the difference feels the distance is critical factor.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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  • AB
    In terms of investment, wouldn't it make more sense to get the cheaper units, knowing the expensive units will soon drive prices up in the area, boosting the prices of cheap units? Obviously for own stay, people can buy for a thousand and one reasons so needless to say.

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