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:
480 Lorong 6 Toa Payoh
HDB HUB East Wing #10-01/ 11-01
Singapore 310480
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