Dear Jack,
In my opinion, I believe the best price you can fetch in the next few months is 1850psf for a high floor and 1750psf for a mid floor unit in your block.
My explanation is mainly from the buyers point of view, buyers offers in these districts and where the market is heading:
There has only been 5 transactions this year only.
Though there are transactions in dec till now at 2000psf,2300 and 2700psf in the front facing stacks, buyers pay a premium for city facing stacks and those units were relaunched at a very high price as well.
Your unit in the bedroom 2 and master is facing the afternoon sun, comparable to one unit in stack 15 same facing, sold at 1626psf in January 2008.
Your unit is located at the corner of oxley rise, next to the unit that was sold at 1900psf, that may have been high due to the facing and size as well.
appx 80 different agents were marketing a 2 bedrm unit in vision crest this year, though quite a few may be the same units out for sale, 5 sold this year shows the closing rate to be on the low side.
Also any price above 1900psf gets a slightly lower yield too which investors/buyers are not too keen on.
My best suggestion if you are willing to wait is to hold until the market picks up again above 2000+ psf?
Hope this answers your queries!
Best,
Evonne Yeo
ERA
96428819
Do visit www.propertyqueen.net
email: evonne.yeo.jy@gmail.com
Hope my
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