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Units at other popular projects taken for the study include the following:
Table below: Price comparison between units in The Metropolitan between Jul 2007 and Mar 2009
|
Unit Level |
Floor Area (sq ft) |
Floor Rate (S$ per sq ft) |
Contract Date |
Sale Price (S$) |
|
23 |
1,033 |
950 |
Jul 2007 |
981,350 |
|
23 |
1,033 |
828 |
Mar 2009 |
856,000 |
Source: SISVRealink
The price difference of comparable units at The Metropolitan was obvious. There was a drop of 12.8 per cent in value.
Table below: Price comparison between units in The Esta between Jul 2007 and Jan 2009
|
Unit Level |
Floor Area (sq ft) |
Floor Rate (S$ per sq ft) |
Contract Date |
Sale Price (S$) |
|
03 |
1,130 |
938 |
Jul 2007 |
1,060,000 |
|
16 |
1,130 |
850 |
Jan 2009 |
960,500 |
Source: SISVRealink
There was a moderate drop of 9.4 per cent in value at The Esta using the two units in the analysis.
Prepared by Sam Gian, Independent Real Estate Sales Consultant. Article was first published in the Singapore Property Market Review, April 2009.
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