With the bullish market in the property, I have been advising my buyers in purchasing resale units since the prices are still much lower than the newly launched prices. Even so, we have been seeing the resale prices creeping upwards. In Novena, the average resale transaction prices I am involved in are ranging from $1200 to $1600 psf depending on the location and unit condition. Like wise for Balestier and Potong Pasir area, the average resale transaction prices are from $800 to $950 psf and $750 to $1000 psf respectively.

If you are looking for a newly launched project in these locations yet at a good for value prices, I would recommend St Michael Regency which is located in the St Michael areas. Located next to the Whampoa Canal, the launched prices are less than $900 psf for the lower level units. It is an apartment of 49 units, with 2 bed and 3 bed room units and penthouse unit types.

With a freehold tenure title and equipped with condominium facilities such as swimming pools, gym and Jacuzzi, I would say there is much room for price appreciation for the house buyers. Just take a look at the adjacent projects such as One St Michael and City Regency, the units have crossed $1000 psf after the project obtained TOP.

The layout of 3+1 bedroom unit of 1238 sf is rather spacious and efficient. The plus one is a study room, which you may opt to extend it as an extended living room. The kitchen also comes with a yard to facilitate washing and drying of clothes. This particular unit at low level directly from developer is asking for $886 psf.

http://www.keithyip.myweb.sg/93

If you are interested, give me a call at 96817684 and I will arrange for the actual unit viewing.