Wandervale Prices . Comparative Market Analysis
Indicative pricing as of 2 March 2016 for Wandervale prices is around $750 to $770 PSF.
So how does this compare to the market?
Wandervale Prices · Comparison with Rainforest EC next door
Perhaps the nearest comparison is with the executive condominium next door – The Rainforest.
Rainforest launched in early 2012 (4 years ago) at roughly between $700 to $800 PSF, varying with the facing and floor level.
It sold out within a year.
Subsequently, as it neared completion, a few units were returned, and re-sold by the developer.
(This typically happens near the TOP date of an EC project, when some who had bought under the fiancé-fiancee scheme, decide not to get married and so become ineligible to take possession of their purchased unit. In such cases, they have to return the unit to the developer for resale under the EC housing rules.)
The 3 most recent such cases are shown here:
In summary, the most recent sales at Rainforest EC next door were at:
. $867 PSF (high floor road-facing unit)
. $929 PSF (high floor pool-facing unit)
. $600 PSF (low floor penthouse with around half its 2109 sq ft in open roof terrace & balcony)
This represents what the market was prepared to pay for a newly completed EC unit at this location. (Note of course, that Rainforest is about 1 minute nearer to the Choa Chu Kang MRT station & Lot One.)
In comparison, the Wandervale prices at around $750 to $770 PSF average, do look like a reasonable entry point, with potential for gain.
WANDERVALE EC PRICES · SHOWFLAT VIEWINGS · REGISTRATION OF INTEREST
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