Wandervale Prices

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?

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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:

Wandervale Prices :: Latest Rainforest EC TransactionsMost Recent Rainforest EC Developer Prices . Click to Enlarge

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.



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OTHER DEVELOPER LAUNCHES

New Sembawang EC . See the Visionaire EC Showflat . 5 mins walk from Canberra MRT Station by Qingjian Realty . Showflat Viewing & E-Application April / May 2016

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About the Lake Grande condo in the Jurong Lake District . Opposite Jurong Lake & Lakeside Village . 5 minutes walk from Lakeside MRT Station . Launching early 2016 . By MCL Land

Gem Residence . Rare new condo launch in Toa Payoh . 480m from Braddell MRT Station. Direct sale by developer . Launching early 2016 . See Gem Residence Showflat By Evia Group

Forest Wood Condo . New condominium launching @ Upper Serangoon . By City Developments & Hong Leong . 4 minutes walk to NEX Mall & 3 minutes walk to MRT Station. Register for Forest Woods showflat viewing & VIP Preview