Dear Jasmine,
Valuation is usually derived in comparison with prices of the neighbourhood for similar properties on top of the recent transactions within the development itself. If owners within the development decides to sell low in order to move on to their next objective, this price will affect the prices of the overall perceived valuation of the project. Putting yourself in a buyer's shoes, I am sure you will not want to pay more than what has been transacted, especially so in a market like now. What exactly is the concern of yours and the perceived value? Perhaps we can discuss further after I can understand more on where you are coming from.
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Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
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