Hi,
1) Prices stagnant have nothing to do with whether there are too many developments over a certain area.
2) It is a general trend that happened all over Singapore that once new developments passed their TOP, the price will fluctuate for a while and within a small range.
3) The main reason is there is no single decision-maker to decide how much to sell. Every individual will sell at their perceived market price. And they are competing with each other.
4) If a unit's asking price is too high, buyers can always choose another unit that fits their budget and taste. Therefore this unit will have to lower expectations to get it sold.
5) This is unlike developer who is selling the whole development, they can decide a fixed price for every unit, some earn less while others earn more to make the same percentage of profit.
6) In fact, D15 over Meyer road and Amber park is a premium and perceived prestige area where most of the rich are enjoying the pure private development over that area.
7) The good thing over there is you will always enjoy the premium price over this area. The sellers over that area do not sell their property at a cheap price.
Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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