I'm paying $60k COV.
Reason being is location is good for me and this area is what me and wife has been aiming for.
We not going to renovate the whole house, just some touch ups. The reno done by previous owner also is up to our taste.
We calculate if a rundown house, we still need to pay about $20 to $30k COV and spend another $25 to $30k for reno.
That's why we reluctantly pay such a high COV.
Futhermore, I got this unit and area of my choice after 4 months and we are left with 2 weeks before submission of buying and selling transaction (contra).
To add, valuation is $355k, being a high floor unit.
Another unit, at Blk 714 Bedok Reservoir, valuation is $380k for a third floor unit. No view except for MSCP.
Run down unit and owner asking looking at $25k.
Within same day, closed at $32k.