21/10/2016
This article is so valid. Generally for all properties, not just condos. Based on market trending, property prices tend to appreciate 10%-30% once the master plan for transportation (MRT. Lines) is released by Authorities - MRT effect.
Thomson East Coast Line (Marine Parade station) is located approx 100m from the freehold commercial development, The Flow @ 66 East Coast Road. The only reason why 7 units were sold in a month mainly because of its location, tenure and most importantly, the price.
The price for The Flow has been revised since July 2016 and ever since, the price from $5,700psf revised to $2,600psf onwards. Area commercial properties are still transacting between $3,000psf to $4,700psf therefore this development is absolutely worth understanding!
For more details, pls leave a message and we will get back to you!
Have a great weekend ahead!
Based on URA’s flash estimates for 3Q2016, prices for private homes in Singapore have fallen 11% from the recent peak in 3Q2013 to 3Q2016. The pace of decline has accelerated in 3Q2016 as evidenced by the 1.5% fall in prices compared with the 0.4% dip in 2Q2016. All three market segments saw price d...