Wow, where is the area you looking at for the 46K+ flat? Queenstown area??
take a look at this link: it reflects the current COV pricing in Singapore:
http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatMedianCOV?OpenDocument
Anyway, heard the sales on Centrale 8 is not very good. A lot of people find the price is high. But a lot of us do not have much choice to choose too.
BEDOK RESERVOIR. The cheapest piece of land in Bedok as yet. Maybe coz its on WP's lair. Hahahahaha.
Reality is this:
1) Bedok North and South commands at least 50k COV for units mid-level and above. In fact, you can run through iproperty or sgproperty to see that some are asking for 100k COV.
2) Valuation of flats in Bedok Reservoir is lower generally compared to the other 2 parts. I currently stay here, and I absolutely love this place plus I get to be part of election history. That's why we banked on trying to get a place within Bedok Reservoir, technically cheapest yet higher chances of better resale value in time to come due to the downtown line. But as you can see, reality is that owners refuse to let go of their property without capitalising on as much cash from buyer as possible. There is a high floor unit in my block that is asking for $800k, ie. $100k++ cash fyi.
3) Tampines has its cheap and prime area. Obviously, prime area is anywhere near the central/interchange/MRT. Unlike Bedok where almost all parts are prime land (except for Kaki Bukit area due to inaccessibility factor), Tampines has more ulu parts. I rely a lot on public transport on weekdays so accessibility is a huge factor in location.
4) Simei is expensive as well. Almost anywhere in Simei is walking distance to the MRT coz the estate is that small. But because the estate is that that small, accessibility in terms of bus svcs is another minus point.
5) Pasir Ris (or some who lovingly call it Paris when its nowhere near the city) is similar to Tampines. You can however choose to live in the most ulu parts of Pasir Ris like Elias area to get hold of the condos there for 700k. Of coz it won't be a problem for you, if u work in the east and u have a car to drive all the time. Too bad for us, coz we're neither and we're pampered with distance between town/central and Bedok.
Anything beyond Bedok is considered central area so its really out of the question to even look at the prices. Lol!
By the way, that's median pricing they're reporting. It takes into account the ulu parts of the estates as well. And that's Q1. Q2 will be much worse I believe. They did report the median COV got higher after GE. That applies even in opposition's lair leh. Hahaha.
for that price dbss rather get condo. Or faster pay finish a smaller resale hdb
