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- Dec 30, 2010
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This past month or so, I’d been accompanying my friend to hunt for a flat. Our experience seems to tell us a slightly different story. Out of every 2 or 3 buyers/sellers we came across, at least one of them was a PR. And our experience also says that PR-sellers ask for sky-high COVs, while PR-buyers are willing to fork out much more COV too. For example, S$35,000 to S$40,000 COVs are quite common. Sellers’ typically ask for COVs of between S$40,000 and S$50,000, the latter being the most common we’ve come across, even for flats which are on the lower floors and/or which do not have much furnishing.
And mind you, we’re talking about 5-room flats here – which tells me that these PRs are people with money who can afford bigger flats.
Why do PRs find it more sensible to buy resale flats?
- http://andrewlohhp.wordpress.com/20...a-hdb-flat-and-getting-stumped-by-crazy-covs/
And mind you, we’re talking about 5-room flats here – which tells me that these PRs are people with money who can afford bigger flats.
Why do PRs find it more sensible to buy resale flats?
- http://andrewlohhp.wordpress.com/20...a-hdb-flat-and-getting-stumped-by-crazy-covs/
