Quote:
Originally Posted by Unregistered
this is true. 1.5m - 2 mil to secure a built-in space of 3000 plus square feet translates to only about 500 plus psf FREEHOLD .... whilst any freehold condo usually goes for 1200 psf or more nowadays. prices for landed property nowadays are still at a bargain, but this situation may not remain for long, as more Singaporeans become cognizant of this fact.
|
500psf is even lower than
HDB flat psf.
I have a exec apartment in bishan which I paid very cheaply many years ago and now have cleared all my loan. It is now worth $900k.
If I sell my flat, I will get $900k as downpayment for a $1.5m terrace house in Westwood. And loan $600k. Or I can ask my parents to sell their 5 room flat now worth $800k. Can combine and buy the terrace fully paid. We can all live together in a big house.