Is there still a strong demand for private residential property in District 5 Clementi?
Looking at Clavon's last weekend sales, 442 out of 640 units were snapped up during the balloting exercise.
It appears there is still a very strong pent-up demand in Clementi area. Just looking at the numbers of BTOs to private residential new launches in District 5, even with the on-going sales at Parc Clematis, Clavon sales did not slow down especially for the smaller units (Small units like 1+study & compact 2 bedders were 100% sold out).
Let's take a dive into the neighbouring private residentials, referring to Clement Canopy, also by UOL. Launched 3 years ago, interestingly, Parc Clematis, Clavon & Canopy all flanked along the AYE. So the main concern is "Whether units facing the highway will affect my resale price next time?" or Ïs there still room for capital growth for me next time if I am purchasing a property at $1700 psf today?"
By looking at Canopy recent resale transactions, all the latest 4 transactions made promising profits (10% to 15%) in short span of 3 years. Among the 4 transactions, is a 710psf, 2 bedders (highway facing unit) units transacted at $1,230,000 in Dec'19. The owner made a profit of $110,440 ($1.23mil - $1.044mil purchase price - $26,360 Buyer's Stamp duty - $49,200 Seller Stamp duty). Not bad, huh! For making a decent profit of $110k despite holding the property for less than 3 years. .
Amid the pandemic we are facing in Singapore, we still continue to garner strong results from the recent 3 new launches. Will we continue to witness such bullish result with the upcoming new launches like Normanton Park Residences and One-North Eden? Stay tuned.
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#SgNewHome #One-North Eden #Ki Residences #Mori At Guillemard #10 at Evelyn #Cairnhill 16 #Canninghill Piers #One Bernam #Kopar At Newton #Perfect Ten #Irwell Hill Residences #The Atelier #Midtown Modern
2 Comments:
My first instinct - why there are still so many buyer out there ready to buy?? Do yoi have the same question as me?? Or am i the only one 🤔 the cooling measure of ABSD, TDSR, and even the recent URA announcement did not dampen the ready buyers' desire in getting their new home. I must have missed out something...
Hello. I believe Singapore property market will be doing well with COVID situation improving and phase 3 coming on 28 Dec 2020. These 3 new launches will be doing well.
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