Hi folks,

We are thinking to get a 5-rm flat in Fernvale Road, very high floor, unblock view, simple renovation. The place is huge, clean and most importantly, we have a good feeling when we first stepped into the house. Value at 410k, owner selling 10k below valuation.

Do you guys think the price is so expensive for that area? Coz the flat is not near to the LRT ( about 10 mins walk) then it takes about 15 mins by LRT to reach Sengkang station. The location with the high price is the only factor holding us back on deciding whether or not to get this flat.

Appreciate your view on this. All comments are welcome. Thanks alot.

Edited February 27, 200917 yr by chipmunk

If u can, wait for another couple of months. Many said it is going to come down for 5 Rm and bigger unit.

actually its not far , from fernvale lane u can walk to yio chu kang road, from there hv bus to shenton way, amk,tampines,serangoon,city etc.

i stay 4 month in fernvale liao...never use fernvale lrt

if u like the house just take it ))

i stay at 403 and absolutely like the playground and the feel

Recent history of the Transacted Prices there :

from : http://www.hdb.gov.sg/bb33/ispm051p.nsf/Se...nForm&Seq=1

Sengkang 404A 11 to 15 112.00 2004 $418,000.00 Feb 2009

Sengkang 405B 11 to 15 112.00 2004 $413,000.00 Feb 2009

Sengkang 405C 06 to 10 112.00 2004 $420,000.00 Jan 2009

HIstory a while back

406C SENG KANG FERNVALE RD 11-15 436000 110 5 Jun 2008

406C SENG KANG FERNVALE RD 21-25 400000 110 5 Jun 2008

407A SENG KANG FERNVALE RD 6-10 405888 110 4 Jun 2008

407A SENG KANG FERNVALE RD 11-15 405000 110 4 Jun 2008

407A SENG KANG FERNVALE RD 11-15 390000 110 4 Jun 2008

406C SENG KANG FERNVALE RD 16-20 438000 110 5 May 2008

406C SENG KANG FERNVALE RD 21-25 428000 110 5 May 2008

406A SENG KANG FERNVALE RD 1-5 351000 110 5 Apr 2008

406B SENG KANG FERNVALE RD 11-15 405000 110 5 Apr 2008

407A SENG KANG FERNVALE RD 21-25 415000 110 4 Mar 2008

406B SENG KANG FERNVALE RD 16-20 385000 110 5 Jan 2008

A quick peek at asking prices

407K for blk 406C 24th floor

428K for blk 407A

390K for blk 407B high floor

Are the prices expensive for that area ? look at these values.

Will the prices drop ? maybe

Can you afford to wait ?

A quick peek at asking prices

407K for blk 406C 24th floor

428K for blk 407A

390K for blk 407B high floor

Are the prices expensive for that area ? look at these values.

Will the prices drop ? maybe

Can you afford to wait ?

I like the way you analyse the situation ... hehe very pro.