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Why are people even paying $1.6 million for a 99yr LH condo in the OCR facing HDB flats which cost only $600k? Are the facilities in the condos even worth $1 million? The mentality of buyers is really unfathomable.
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9 Answers

Hi, everyone have their own preferences, and while this kind of condo doesn't appeal to some, it has a appeal to others. Some of the buyers do not have a preference for the view of the unit, but chose a condo for the privacy it gives, the facilities it offers, and other reasons they find it worthy.

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  • AB
    HDB and condo side by side with a $1 million price difference just because of some facilities; don't you think paying a million bucks for some facilities is high?
Hi, appreciate your sharing. It depends the balance lease of the unit and unit condition.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, it’s not the facilities that differentiate the 2 but rather a HDB flat is not deemed as an investment.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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  • AB
    99yr condo with decaying lease considered investment? Would you rather spend a million dollars more for a few extra facilities and a fence for a hdb heartland condo? Not forgetting hdb residents also get to enjoy facilities from nearby CCs, neighbourhood and Safra.
Good day to you,

Some buyers have specific requirements for Fenghsui and cladding. Others foresee the growth and potential of the unit. In any market, willing sellers meet willing buyers. One man's trash can be another man's treasure.

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ERA Read More
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There are a lot of different buyers in the market, and HDB might not be an option for some of these buyers; even for resale units. It doesn't make sense to compare them given the restrictions. Some of these include:

1. High earners below 35 YO
2. Single PRs
3. Foreigners looking to settle in Singapore (although ABSD of 60% have hit them hard)
4. Current private property owners who cannot own even resale without 15months wait out.

Moreover, there is typically more HDB supply than condo over the years. Over 2021-2024, HDB has built more than 63,000 units compared to the 21,000 in private units over the same period.

They aren't the only reason, but it's basically fair to view some condos as a luxury product with different supply and demand economics than HDB, contributing to its different price and later on, growth potential even if they are in the same area. Like how people buy Iphones over $200 redmis i guess.

https://www.mnd.gov.sg/newsroom/press-releases/view/overall-government-land-sales-(gls)-private-housing-supply-increased-in-first-half-2025-(1h2025)

https://www.hdb.gov.sg/about-us/news-and-publications/press-releases/Upcoming-Flat-Supply-and-4th-Quarter-2023-Public-Housing-Data

Warmest regards,
CY Chua
 8288 2998 
chungyeow.chua@propnex.com
Propnex Realty Pte Ltd Read More
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1. Buyers prioritize different factors beyond just the view or price. For some, privacy, luxury, and amenities justify the higher cost.

2. Condos offer features like better security, exclusive facilities, and a sense of community that many find valuable, even if the view isn't ideal.

3. Some buyers see it as an investment, believing that property in certain areas will appreciate over time, despite the initial price difference.

*“The value of things is not always in their price, but in the eyes of the beholder.”*

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There is no right or wrong when it comes to the decision of buyers. What you can buy now with $1.6m with current market, i think is limited too if you are looking at 3 bedroom units. If you don't buy, then what should you do? Do you have alternatives investment to look into? Perhaps you have but not others, or they may not be comfortable with alternative investments.

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1
  • Geryl Lim
    When HDB started transacting at $1m a few years back, everyone also think it is crazy for the buyer to pay such price. Fast forward a few years, the $1m HDB buyers could have turned sellers and have made another sum by selling for $1.4m upwards. The fact is, many buyers made their move and benefited from the situation, while some who sit on the fence year after year without making any move still owning the same asset. Whether is this a wise move or not, time will tell, at the very least, if you made a move now, you can still make adjustments to the plan moving forward.

    Private homes are unlike HDB where future development plans are decided by the authorities. As private home owners, in the long run, there is still the collective sale option that can allow owners to exit. Being an island nation, land is scarce for developments, thus the model of collective sale for private home owners is a viable option.
  • AB
    Kind of dumb throwing away a million dollars without analysing the true intrinsic value of a property just because the buyer has nowhere else to invest his money, don't you agree? For two 99yr leasehold properties sharing the same location but differ in price by a million dollars, I would err on the side of caution.
1. Buyers prioritize different factors beyond just the view or price. For some, privacy, luxury, and amenities justify the higher cost.

2. Condos offer features like better security, exclusive facilities, and a sense of community that many find valuable, even if the view isn't ideal.

3. Some buyers see it as an investment, believing that property in certain areas will appreciate over time, despite the initial price difference.

*“The value of things is not always in their price, but in the eyes of the beholder.”*

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>
1. Buyers prioritize different factors beyond just the view or price. For some, privacy, luxury, and amenities justify the higher cost.

2. Condos offer features like better security, exclusive facilities, and a sense of community that many find valuable, even if the view isn't ideal.

3. Some buyers see it as an investment, believing that property in certain areas will appreciate over time, despite the initial price difference.

*“The value of things is not always in their price, but in the eyes of the beholder.”*

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>
1. Buyers prioritize different factors beyond just the view or price. For some, privacy, luxury, and amenities justify the higher cost.

2. Condos offer features like better security, exclusive facilities, and a sense of community that many find valuable, even if the view isn't ideal.

3. Some buyers see it as an investment, believing that property in certain areas will appreciate over time, despite the initial price difference.

*“The value of things is not always in their price, but in the eyes of the beholder.”*

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>· (1) "If you need more assistance with property matters:

· like renting / selling, buying / or investing, I'm here to help!

· WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

· (Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

·

· (2) (***) You can READ my REVIEWS here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

·

· (3) For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

·

· (4) I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

· I also have partners to assist with mortgage home insurance matters.

·

· (5) Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

·

· *** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

·

· From: ABLE Toh- Your Property ASSISTANT : )

· “ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

· =========

· (6A)✅✅ For the Below Condominium that may Achieve TOP ( Temporary Occupation Permit / Relatively New Condominium which Read More
1
Hi,

1) The time has changed. It was true that a condo which facing HDB flat has a lower value in the past.
2) The land in Singapore for residential will be reduced as time goes by.
3) The population for Singapore has to keep growing in order to be competitive in today's context.
4) It is not the facility that cost much. It is the status and the difference in capital growth that brings HDB flat and a condo apart.
5) To compare the growth rate of HDB flat and condo, we used the psf in 2004 to begin till today:
(a) HDB flat: $235 psf grew 174%
(b) Condo: $584psf grew 259%
Using a 1,000sqf to understand the difference:
HDB flat cost $235,000 in 2004 now can sell for $408,900 (x1.74) in 2025
Condo cost $584,000 in 2004 now can sell for $1,512,560 (x2.59) in 2025

6) It was difficult to find data unlike today, most of the data are readily available.
7) Thus, the people are buying for their future other than the facilities and status.

All The Best!!!

Hope the above answers 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
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