, the CEO of encouraged me to utilize a few of their analytics tools more and in their condominium profile of Windermere EC, you can see practically all the historic deals for the EC. 99. co have like 31 pages of Windermere transaction information dating back to 1997. Fernvale Lane EC. I tried to tabulate the sale deal data for a 1453 sqft condominium over time and here are the outcomes: Ends up by offering at 2015 for probably around $950,000 odds, FPS didn't lost out much.
2009 is a really interesting year because, it not just corresponds with completion of the GFC however a lot of those who bought at the height of 1997 finally managed to break even. Parc Greenwich. If we take into account the $72,000 in levy, and maybe a conservative $10,000 in providing and restoration cost, the expense would be $660,000 and the approximate sale cost after levy is $878,000.
Goodness I was not expecting that sort of CAGR. I believe insurance endowment plans and Singapore government bonds yield more than this. It needs to be kept in mind that, FPS case might be one of the unlucky cases, where he purchased when there is bliss in the property markets. We have also not factored in utilize.
To discover whether staying in a 5 room flat make more sense, perhaps we can compare versus the gratitude of a 5 room flat over the very same period (Parc Greenwich Frasers Property). I got lazy, so I thought why not compare against some poor soul who likewise bought within the very same timespan.
My parents bought the flat for in 1997, took delivery in 1999 and in 2019, the resale worth for the flat is. (from 2015 to 2019, rate around my location really went down or remained the exact same) If I were to compute the of this flat, its over 21 years. Fernvale Lane Frasers Property.
I take a look at that CAGR, and I start wondering we are the worst property owners out there (Parc Greenwich). Turns out, some how, my CAGR is really much better than FPS! What we were hoping for is that, by purchasing an EC, it has some characteristics that make it do better than the traditional HDB flat.
Its capital appreciation is higher, despite what the economy does. In this case research study, paired against my parent's experience, it reveals that it does not display these unique attributes. It turns out, the home market sometimes is quite comparable to the stock exchange. You need to decide whether you desire to purchase, sell or let it move.
There would be lots of that have a much happier experience with EC. There would also be numerous that will giggle and laugh at Kyith's moms and dads for purchasing a HDB flat at the worst possible time. When we do not have adequate money, our thoughts is more consumed by build-up. Frequently, the plan is not so well thought out and in the end, we get extremely shocked economically, in a negative way.