Apart from a home’s physical attributes, some other factors we look for when buying a property are location (near MRT stations), safe entry price, and potential upsides.
Out of the factors listed, two very important points in determining a good project to enter are:
Safe entry price & Price gap
Let‘s take a look at this freehold new launch Terra Hill as a case study.
Taking a look at 99-year leasehold properties, the benchmark pricing for properties in the OCR and CCR starts from $2,1XX psf and $2,8XX psf respectively. In the case of RCR properties, its average price for a 99-year leasehold is $2,4XX. Considering the fact that a Freehold project like Terra Hill is going for $2,5XX, doesn’t it make sense that it is a safe buy?
Not convinced? Let‘s go into more detailed figures:
Summary of what makes Terra Hill a great buy in 3 key points:
1) Freehold property at leasehold price
2) Near the MRT station without paying a premium
3) Price Gap between Freehold & 99 is very narrowed, that make it attractive entry price.
480 Lorong 6 Toa Payoh
HDB HUB East Wing #10-01/ 11-01
Singapore 310480
Jerry Han Sin
CEA NO. : R007949B
Disclaimer:
PropNex Realty Pte Ltd or its salespersons will not be responsible for any errors or omissions or for the results obtained from the use of this information. All information is provided with no guarantee of accuracy. If in doubt, kindly seek appropriate advice from your financial advisors or bankers before you make any property investment decision.
