, the CEO of urged me to use some of their analytics tools more and in their condominium profile of Windermere EC, you can see nearly all the historical transactions for the EC. 99. co have like 31 pages of Windermere deal information dating back to 1997. Parc Greenwich EC. I attempted to arrange the sale transaction data for a 1453 sqft condo with time and here are the results: Turns out by offering at 2015 for probably around $950,000 odds, FPS didn't missed out much.
2009 is an extremely intriguing year due to the fact that, it not just corresponds with completion of the GFC however a lot of those who bought at the height of 1997 finally handled to recover cost. Parc Greenwich Frasers Property. If we consider the $72,000 in levy, and possibly a conservative $10,000 in furnishing 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 kind of CAGR. I think insurance endowment plans and Singapore federal government bonds yield more than this. It needs to be kept in mind that, FPS case may be one of the unlucky cases, where he purchased when there is euphoria in the property markets. We have also not factored in utilize.
To discover whether remaining in a 5 space flat make more sense, maybe we can compare against the gratitude of a 5 room flat over the same period (Parc Greenwich). I got lazy, so I believed why not compare against some bad soul who likewise purchased within the same timespan.
My moms and dads purchased the flat for in 1997, took delivery in 1999 and in 2019, the resale value for the flat is. (from 2015 to 2019, price around my place really decreased or remained the same) If I were to calculate the of this flat, its over 21 years. Fernvale Lane Frasers Property.
I take a look at that CAGR, and I start questioning we are the worst residential or commercial property owners out there (Parc Greenwich EC). Ends up, some how, my CAGR is in fact much better than FPS! What we were hoping for is that, by purchasing an EC, it has some attributes that make it do better than the conventional HDB flat.
Its capital appreciation is higher, in spite of what the economy does. In this case study, combined against my parent's experience, it shows that it does not exhibit these special attributes. It turns out, the residential or commercial property market often is pretty comparable to the stock market. You have to decide whether you desire to buy, offer or let it slide.
There would be many that have a much happier experience with EC. There would likewise be lots of that will giggle and laugh at Kyith's parents for purchasing a HDB flat at the worst possible time. When we do not have sufficient money, our ideas is more taken in by build-up. Often, the strategy is not so well considered and in the end, we get extremely shocked financially, in an unfavorable way.