Sunglade – located 3-5 minutes walk to Serangoon MRT, interchange for northeast line and circle line and bus interchange. 3-5 minutes walk to NEX shopping mall and HDB shops, market, coffeeshop and many amenities. Price - $1.2 Million for 1,200 square feet unit, $1,000 PSF. 10 year old unit, ready to occupy anytime.
Bliss@Kovan – located next 5-8 minutes walk to Kovan MRT, northeast line. 5-8 minutes walk to Heartland Mall and HDB shops, market, coffeeshops and many amenities. Price - $1.4 Million for 1,200 square feet, $1,200 PSF. New condominium under construction. Ready to occupy in year 2015, 3 years time.
Given a choice of two different units, which will you buy?
In this market, people go for Bliss@kovan because it is new. They forget the fact that Bliss@kovan is located further from amenities than Sunglade. If the buyers want a new unit, they can simply buy Sunglade and renovate it with $30,000-$50,000. This saves them at least $100,000.
Is it really worth it to buy a brand-new sparkling unit at a poorer location by paying $200,000 more?
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