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The early generation HDB blocks opposite Meraprime will very likely be redeveloped since PSB next door is already moving. Expect pollution from upcoming construction surrounding this condo and high floor views will be taken away.

I like the Tiong Bahru area. Had been monitoring the prices for Meraprime and noted that owners on the higher floor tend to ask for exorbitant pricing in the range of 1.7m to 1.9m whilst recent transacted values are mostly only in the range of 1.5m.

Q1) How realistic are these high asking prices (esp high floor units) in view of future plans surrounding the condo and competitive freehold or newer condos in this area?

Q2) Any idea how much first hand buyers paid for this condo? Would there still be potential for future appreciation given current owners are asking for such high prices and probably have paid high premiums if they had bought from first hand buyers previously?

Q3) Any recommendation for better buys in Tiong Bahru ?
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5 Answers

Hi Michelle, I could do a check for you whether how much does the 1st owner paid for the unit. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Hi Michelle,

The market today is very different from 2-3 years ago. With the property market at the beginning of a new up-cycle, we are now seeing Sellers shifting their targets higher. In this market where prices are expected to go higher from here, it will be more difficult to come across an under-valued property.

As for how much the first owners paid for the property, I can show you the data. However, this data carries little, as it does not mean that if they bought at low prices, they must sell to the next buyer at low prices too. Market does not work in such a way. Property price is always forward looking, and it will be tough ask to purchase at yesteryear's price.

If you're looking at only Tiong Bahru, and want capital protection, you can consider Regency Suites, which is Freehold. However, as it's Freehold, you are paying a premium for it. And not all people can accept paying this premium to purchase a Freehold, hence leasehold properties are still popular as ever.

Eventually, it depends on what you're looking at. Are you looking to purchase for own stay or for investment purpose? By asking yourself this question, you will be much more clearer on which development is the most suitable for you and your family.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Dear Michelle

Good day to you!
I’m Daniel Tan from Huttons.

Megaprime is indeed a very good development to own. Prices of property is usually pegged to the market trends. As the broader market of real estate is on the rise, prices are only expected to be higher. Another explaination of the pricing of Megaprime to be higher will be due to launches of the surrounding projects at a higher PSF. One of such development will be the Highline Residences.

Have you consider Highline Residences, it should suit your requirements well. Furthermore it is a brand new project.

Allow us to arrange for an appointment to share with me more on your needs and requirement so as to allow me to better assist with your purchase.

Hear from you soon.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd

(+65) 9477 5100 
daniel.tck@outlook.com
www.danieltanrealestate.com
FB@danieltanrealestate Read More
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Hi there,
Thank you for your query!
In view of your response, I believe a more accurate and ideal way of getting about this and being in a better stead to advise, I would need to churn out a financial report after doing the financial calculations on hand and understanding more on your investment / returns objectives. Perhaps you could contact me for a preliminary non obligatory discussion for me to understand more and thus, share more on transactions caveats and furnish you with customised sales report for your understanding.I have a real live feed data app which is able to help me guide my investors as to which property is - undervalued ? over valued? Projected high capital returns/ rental yield for the forthcoming years. With this set of data which not many specialist posses coupled with my years of experience, I believe I will be able to guide you to a mutual decision to enhance your property portfolio. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

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D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
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P Group
Overall Top 100 achievers 2014-2016 Read More
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Hi

Good day

Kindly whatsapp to 8 2 7 9 - 8 3 2 7 to disccuess further
For your properties matters.

Thank you

Koh zhen hon
R 057810C / L 3009250K

ORANGETEE & TIE PTE LTD Read More
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