Asked by Terence Tan
Re: What is the fair price for private condo in D15?
Dear Gurus,
In the current trend, HDB flats are usually transacted at or below valuation price.
For private property, the asking price is usually more than $50K above bank valuation. A few Agents told me that bank valuation is usually too pessimistic and not being fair to the seller. However, a friend of mine recently bought a unit for $20K below valuation. He told me that valuation is usually based on comparative model, which is based on the recent transcated price.
My question: What is the fair price for private condo? At valuation, below or above?
Regards,
Terence
Dear Gurus,
In the current trend, HDB flats are usually transacted at or below valuation price.
For private property, the asking price is usually more than $50K above bank valuation. A few Agents told me that bank valuation is usually too pessimistic and not being fair to the seller. However, a friend of mine recently bought a unit for $20K below valuation. He told me that valuation is usually based on comparative model, which is based on the recent transcated price.
My question: What is the fair price for private condo? At valuation, below or above?
Regards,
Terence
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