I will be sharing with you on some investment tips that you must take note of when buying a property. How to determine freehold property with the right price tag? And how to determine the exit strategy? What should be the exit price for your property?
How do I determine which property to select? I have always stand by my Number 1 Rule – to look for the Correct Entry Price. Let me share with you in detail by using a Jervois Mansion as a case study. This project happens to be a FH located at a super good location, near to MRT station and Orchard Road.
With reference from the above chart, we can see that the existing resale properties that are near to this development are already transacted between $25xxpsf to $27xxpsf on average. Being a brand-new development, the price of Jervois Mansion is starting from $22xxpsf. Do you think is there a potential? Or is it risky? Will you consider to buy based on this?
Important to take note: Before any purchase, remember to remind yourself that the price has to be what others are willing to pay. If you are buying way above (for instance) more than $3xxx psf, you might consider to do more research.