Asked by IS
Why is everyone talking about land sale when going to showflat
59 views
4 Answers
Dear Sir/Mdm,
This is because the land price makes up the bulk of the cost of the developer. Therefore, if you understand the land price, you will be able to predict the estimated breakeven price and launch price of projects.
With an analysis on the land price and by doing some prediction, you will be able to know which are the projects with higher upside for potential. Please feel free to contact me privately so that I can understand your objectives better and provide you with further assistance.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
This is because the land price makes up the bulk of the cost of the developer. Therefore, if you understand the land price, you will be able to predict the estimated breakeven price and launch price of projects.
With an analysis on the land price and by doing some prediction, you will be able to know which are the projects with higher upside for potential. Please feel free to contact me privately so that I can understand your objectives better and provide you with further assistance.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Hi IS,
1) I'm not sure why was that so, maybe they think it is easier to convince you that it is not selling expensive.
2) Although there is a relationship between the selling price and land cost, however, this is not really directly proportional.
3) There is no harm to be aware of the land cost because the main cost came from buying the land.
4) There are other costs such as:
(a) Building: worker salary, building materials, interior and exterior design, landscaping, the whole building, and interior renovation, etc.
(b) Marketing: newspaper, TV, salesperson commission, show flat building, rental of land for show flat, electrical/water supply during the rental period, security, cleaning staff, etc.
(c) Legal: permit application, conveyancing, etc.
(d) Inspection: TOP, CSC, etc.
(e) 1 yr warranty: standby project team to rectify all defects (exterior & interior), security, management of the development, shuttle bus service if there is any, etc.
5) The above are just the normal cost incurred before covid. Now there are additional of safety distance officer, routine swap test, etc, increases the perceived cost of the building.
6) After adding in all the necessary fixed and variable cost, it is no doubt the selling price cannot be lower than the cost, especially all these costs are higher than the past.
7) This is also the reason why you can see the resale price is lower than the new launches.
8) I would think the salesperson is unable to point out the potential or the beauty of the new launches is the main reason why they had emphasized on the cost only.
9) My opinion is they should highlight what you could get out from the purchase and not just the cost + profit because this has nothing to do with you. Just like you went to the vegetable stall, your concern would be whether this is fresh and nice to taste rather than asking how much the stall keeper is making.
Hope the above answer to 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
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) I'm not sure why was that so, maybe they think it is easier to convince you that it is not selling expensive.
2) Although there is a relationship between the selling price and land cost, however, this is not really directly proportional.
3) There is no harm to be aware of the land cost because the main cost came from buying the land.
4) There are other costs such as:
(a) Building: worker salary, building materials, interior and exterior design, landscaping, the whole building, and interior renovation, etc.
(b) Marketing: newspaper, TV, salesperson commission, show flat building, rental of land for show flat, electrical/water supply during the rental period, security, cleaning staff, etc.
(c) Legal: permit application, conveyancing, etc.
(d) Inspection: TOP, CSC, etc.
(e) 1 yr warranty: standby project team to rectify all defects (exterior & interior), security, management of the development, shuttle bus service if there is any, etc.
5) The above are just the normal cost incurred before covid. Now there are additional of safety distance officer, routine swap test, etc, increases the perceived cost of the building.
6) After adding in all the necessary fixed and variable cost, it is no doubt the selling price cannot be lower than the cost, especially all these costs are higher than the past.
7) This is also the reason why you can see the resale price is lower than the new launches.
8) I would think the salesperson is unable to point out the potential or the beauty of the new launches is the main reason why they had emphasized on the cost only.
9) My opinion is they should highlight what you could get out from the purchase and not just the cost + profit because this has nothing to do with you. Just like you went to the vegetable stall, your concern would be whether this is fresh and nice to taste rather than asking how much the stall keeper is making.
Hope the above answer to 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
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
Hi IS,
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi IS, which project you are looking at? May be we can share more insights with you from another perspectives. I am active in new projects. Feel free to contact or Whatsapp Mei Foong 89387686
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