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Hi,

You have to understand how a flat is valuated.
The following factors contribute most for a residence unit:
(1) Location: This is referring how far it is from town area, or central core region.
As of today, our town or central core region still lies on the Southern region.
(2) Public Transportation: although this might be minimise with the huge number of MRT/LRT stations built, as of today, already 119 stations available, and more to come. But it is still a vital considering factors.
(3) Age: How many lease tenure available, the older the flat, the lower the price especially for 99 leasehold property.
(4) Condition: The less renovated will fetch a lower value.
(5) level: Singapore is a humid and hot country with lots of high rise building. Thus for strata unit, usually the higher fetch a better price than a lower level unit.
(6) Size: Bigger size units fetch a higher price is an unchanged factor.
(7) Amenities: Shops and eatery is the last considering factors when coming to price.

As you can see that none of the factors include scenery such as greenery, seaview or lakeview etc.
These environmental factors does not give any value to the valuation process, however, these units can sell faster if the price are correctly set. As these environment attracts people eyeball and feels better compare to thise clutted between concrete buildings.

So if your question is whether it gave higher resale value, the answer is "NO".
Whether it is marketability, the answer is "Yes", if this is compare with other which blocked by concrete blocks.

With regards to Estates in East Coast:
(a) Those fetch a slightly better value are those that really can see the coast, and not those blocked.
(b) Histroical reason as in the past, property over there are mainly landed property, which gave an impression that East Coast are better in value. (d) You don't see similar effect in West Coast where the units there also can see the coast.
(c) There are more private estates over there than any other region. Thus gave an impression that it is only the rich can afford East Coast, another perception effect.

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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Dear sir/madam,

To answer your question directly, homes that comes with sea view is a feature that comes together with a property, just like the level the apartment is on. When it is a feature, there could be benefits and vice versa.

For buyers who only look for units with sea view, such units will definitely be treated with preference over those without. If you were to ask the slightly older generation of consumers, they are unlikely going to fancy units with sea view as they have always think that furnishings is going to be spoilt more easily due to the high salt content that comes along with the wind (salt content within the moisture).

For myself, I don't really bother if the unit has sea view or not. Of course, if there are only 2 units available for sale at the same price, 1 with sea view and 1 without, I will go for the unit with sea view, however, if there is a price difference, I will opt for the cheaper unit. Not sure if this sounds logical to you.

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Geryl LIM
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