the disparity is so wide because Singaporeans are unique property investors. As long you have Singaporeans investors, you will see great disparity. It take time for most Singaporean to become more savvy. In hk, most people buy apartments off plan and they already know what are the locations that are good/prime even before it is launch. Good example is 99 year The Scala was launched at 1300psf last aug near Lor chuan MRT. Selling like hotcakes. But Goldenhill park condo freehold was transacted at $1200Psf at the same time. Nearer to MRT. What a disparity?
Another example 2 years ago Goldenhill Park condo was same price psf as city square residences at farrer park MRT. CS is near to town. Now CS is 300psf more expensive.
Successfully property investors to learn how to do trade off efficiently. What are some factors other than price.
1) existing Amenities
2) future developments
3) proximity to city centre (financial district or historical city)
4) educational institutions (very impt)
5) foreign interest
6) others
Due to singaporean need to purchase a property near their parents, they never really need to do any trade off. This make selling property in Singapore very easy by just making appealing showrooms.
But Singaporeans will learn to be more savvy as price escalate. It is a matter of time many of them will realize the disparity and flock to Johor. Less than one tenth land cost of 99 Leasehold sembawang land for a freehold land in LH is too difficult for me to ignore. If medini and and puteri develop half of what is marketed in 10-15 years. Land cost should escalate to 3 tenth that of Singapore's prices.
My views but investors still need to do their own due diligence. Biggest risk is political risk in Nusajaya.....
Cheers,
PH
Hi Puteri Harbour,
Your view of Nusajaya's price being around 10% of Singapore's cheaper choices of properties located in the outer fringe of the Island, and the fact that there's a good chance for Nusajaya's price to triple to a reasonable 30% in 10 to 15 years is exactly what I believed in too.
But I always like to state that Nusajaya's prices has a good chance to double to 20% of Singapore's cheaper choices in 5 years, leaving the future increase to triple as my bonus. Below was what I stated in page 104.
At around Sgd100 psf in Nusajaya now compared to around Sgd1,000 psf in Singapore, I think our investment is possible to be doubled to Sgd200 psf in maybe 4-5 years time as Nusajaya develops. With your targeted investment amount of around Sgd 8-10 million, you can retire in 2015