Wednesday, July 23, 2008

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Park Central@AMK: Price 10% lower than City View at Boon Keng

According to news reports, about 3,000 home buyers visited the showflats of Park Central @AMK on the first day of its launch on Wednesday. By noon, 130 people have applied for the flats in central Singapore which will be ready in 2011.


Park Central@AMK located near Ang Mo Kio MRT station is the third HDB's DBSS. (See information on all 6 HDB DBSS Sites including future sites.) DBSS flats typically come with condo-style fittings like built-in wardrobes, air-conditioners and parquet flooring.

The four 30-storey blocks will house four- and five-room units were priced at an average of $500 psf ($433K -S$689K), about 10% lower than Cityview at Boon Keng, the second HDB-DBSS launched in the earlier.


May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase

2 comments:

Anonymous said...

Hi,

My fiancee & I are looking at getting a 4 rm unit at the Park central @AMK, priced at about $450k. We are first time buyer therefore I believe we can get a first time grant from CPF. Considering the current economy, it is a good time to buy now?

Smart Buyer said...

Hi to you and your fiancee,
Before you make any commitment, ps go through the checklist provided by HDB rigorously. For general reference, you also want to refer to the post: http://smartpropertybuyer.blogspot.com/2008/02/checklist-for-buying-property.html

When buying a home, affordability is the overwhelming factor. If you've done your calculations on that, then you may turn to look at the market response.

Quite obviously, we're starting to see price-resistance among buyers for HDB-DBSS. We no longer see the "all sold" seen during the first DBSS - "The Premiere". Though I do not expect HDB price to plunge, some price moderation is to be expected if economic situation continues to worsen. So you must be prepared for some price moderation if economic situation continues to worsen. More importantly, how you and fiancee will be affected financially if a recession should hit, and if you can continue to finance the property in such a situation.

Best wishes for your home hunting, and most of all, for your life together.

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