propertyfan

Have bought HDB only twice(2X) in my entire lifetime. Both times, even before they open the door to let me view, I know from the location that "This is The Place for me." First time, i offer $5,000 COV the Seller accept, that's it already. Second time, the Seller ask for $120,000 COV, so must bargain bargain for a long time. But I know that eventually I will get the unit, because Seller really needs to sell it off, and there are no other Bidders. End up paying less than 1/2 what the Seller wanted, for COV. By today's standards, even the six-digit COV described above looks tame. Prices have gone stratospheric in Singapore.

COV: $60,000 (owner asked for $100,000 initially, but I bargained hard!) Valuation: $270,000 Flat location: City Central(3 MRT stops from Raffles City) Flat type: 4 "I" Flat age: i think 1985 completion. Date bought: oh, many years ago. 5 years, I think. Valuation now: $480,000. COV now: most owners asking at least $70,000. Miscellaneous: Spectacular City views from high-level. Unblocked views. No need to buy car. No fear of MRT breakdown(can walk to work). Worth it? Oh yes, absolutely. Will never move out from here.