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I understand that the resale market has somewhat cool down recently due to the slew of new measures, and COV has also come down. I have intention of upgrading to a new EC. I am staying in a EA in Punggol. 5th floor, south facing, fully furnished. Intend to sell. What is the current value of EA in Punggol and what is the reasonable asking price eg COV in this current market? How long will it take to secure a buyer?
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2 Answers

Hi Kenneth,

Thanks for your post.

Based on the past caveat lodge from Aug-Nov 2010, EA in punggol for level 6-10, the lowest transacted price was $510,000 which was transacted in October 2010.

If we consider the median COV for the past quarter as reference to the recent news release, COV is around $20-$25k, therefore valuation is estimated to be aroundf $490k.

Securing a buyer depends on the condition of the unit.

I would be able to assess the situation better should I be able to take a look at your unit. Feel free to give me a call at +65-81577565  or drop me an email at lim.geryl@yahoo.com.sg for further discussion.

I look forward to hearing from you.

Regards,
Geryl LIM
Senior District Consultant
ECG Property Pte Ltd
Punggol resident Read More
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Hi kenneth,

Your Valuation estimate should be around 480-520k range. But to be excat only doing a valuation report will determine how much is it. I believe you are interested to purchase the new ec coming up in punggol. The current COV will determine how fast you sell. Currently there are 5 executive for sale. The COV part is tricky usually due to the facing and house condition whether is it renovated. Reported by news, COV on Average 30k has drop slightly to about 22k. But each house is different thus there will still be unit selling for a premium price commanding much higher COV. My number is 96972757  . We can meet up for a no obligations discussion. Read More
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