Resale Flat Price Not Fixed ?

[quoo 0]

I got view a 3room flat at west two week ago.

2agent help me to get flat the blk which we want

end up 2agent giving us the different price.

agent from ERA she say seller want 25k cov

agent from propnex she say seller want 20k cov neg.

is 5k different plus neg.

since that blk is what we want but after viewing.

we offer 10k cov to ERA agent. she told me cannot la... how to offer less than half COV.

then we decide to call propnex agent asking her whether help us to offer.

This propnex agent really help us. she call up seller agent and offer.

At least this agent is helping us to offer.

when she call & telling us the selling want more need 15k to close.

then i say ok we consider.

few days ago i saw the adv appear 15k COV.

happen ERA agent asking us whether want to close at 18k since the seller actually want to close at 25k.

see the different.

i view the flat till i tire already.

now still viewing....

Are you referring to same unit ? led by 2 agent ? i thot seller will hv to sign exclusive with only one agent?? I am also looking for resale flat at amk..some seller are asking for $300K for 3 rm & $200k for 2 rm..this is crazy ..so me still waiting..patience is gold

Edited June 27, 2008 by quoo

[kiira 0]

4rm can go for ard 450k@amk!!!

i goin to bang wall liao...

[hello88 2]

4rm can go for ard 450k@amk!!!

i goin to bang wall liao...

yup, very ex especially for those flats near to Central. Below are some of the recent transaction

700A Ang Mo Kio Ave 6 11 to 15 90.00 2003 $470,000.00 Jun 2008

350 Ang Mo Kio St 32 21 to 25 95.00 2001 $456,000.00 May 2008

354 Ang Mo Kio St 32 21 to 25 90.00 2001 $450,000.00 May 2008

596A Ang Mo Kio St 52 21 to 25 91.00 2002 $485,000.00 May 2008

596C Ang Mo Kio St 52 21 to 25 90.00 2002 $488,800.00 Jun 2008

596C Ang Mo Kio St 52 21 to 25 90.00 2002 $485,000.00 May 2008

596C Ang Mo Kio St 52 01 to 05 93.00 2002 $447,000.00 May 2008

596D Ang Mo Kio St 52 01 to 05 85.00 2003 $423,000.00 Jun 2008

so, moral of the story is to be prepared to pay more than 400k if one intend to get a resale flat in AMK, walking distance to central.

[pinky 0]

Are you referring to same unit ? led by 2 agent ? i thot seller will hv to sign exclusive with only one agent?? I am also looking for resale flat at amk..some seller are asking for $300K for 3 rm & $200k for 2 rm..this is crazy ..so me still waiting..patience is gold

ya same unit. ya only able by one agent see which agent really want to help u.

at the first place is ERA sms me saying this unit VTO.

later on Propnex sms the same unit ask me to view, i reply propnex that too late i just viewing the unit which she find for me.

then happen is the ERA not free to reach to bring me view the flat she call me saying the seller agent will meet us to bring us there.

when reach so far ok then we call ERA agent to offer the selling which is $10k

ERA say cannot la less then half offer.

then we no choice call the propnex agent ask her whether able to offer for us since she never bring us to view.

she say okok i offer for you. she had offer the seller $10k which the seller say will close by $15k

then i and my husband say let wait bah happen last week sat it appear $15k neg

see how different is it...

i just see and wait lor....

[donjoo24 0]

yup, very ex especially for those flats near to Central. Below are some of the recent transaction

700A Ang Mo Kio Ave 6 11 to 15 90.00 2003 $470,000.00 Jun 2008

350 Ang Mo Kio St 32 21 to 25 95.00 2001 $456,000.00 May 2008

354 Ang Mo Kio St 32 21 to 25 90.00 2001 $450,000.00 May 2008

596A Ang Mo Kio St 52 21 to 25 91.00 2002 $485,000.00 May 2008

596C Ang Mo Kio St 52 21 to 25 90.00 2002 $488,800.00 Jun 2008

596C Ang Mo Kio St 52 21 to 25 90.00 2002 $485,000.00 May 2008

596C Ang Mo Kio St 52 01 to 05 93.00 2002 $447,000.00 May 2008

596D Ang Mo Kio St 52 01 to 05 85.00 2003 $423,000.00 Jun 2008

so, moral of the story is to be prepared to pay more than 400k if one intend to get a resale flat in AMK, walking distance to central.

Please take note that all these prices are back dated 3 months back.HDB only updated these prices after the 2nd appointment of the flat.

For ex: 596D Ang Mo Kio St 52 01 to 05 85.00 2003 $423,000.00 Jun 2008

This unit was bought in MARCH 2008. 1st appt in mid April and 2nd appt (Completion) in end May 2008. Only after May then they will reflect in June.

AMK is along a very popular location as it is a mature estate and for its centralise location (Near to city area). Prices are higher than those in the west or east.

A very simple comparision:

MRT: Amk to orchard: 6 stations

MRT: Pasir Ris to Orchard: 12 stations to city hall.change at city hall to orchard: 4 stations

So this is how HDB valuers determine the value of the properties.