Buying a property is a big deal. Whether it’s for your own use or as an investment, you’ve got to understand every nook and cranny of that property. Not being fully prepared can mean missing out on chances to grow your assets and profits in Singapore’s real estate market.
Now, we’re going to dive into two case studies to see how the layout of a property can affect your bottom line. Imagine two properties right next to each other, the same size and type. With these constant factors in play, we can clearly show you just how much the layout can shake up the price of your property. So, get ready for some real estate fun as we explore this essential topic for your New Launch Purchases.
Case Study 1: Parc Riviera and Whistler Grand.
We will compare two condos in the vibrant West-side neighborhood: Parc Riviera and Whistler Grand.
Our spotlight is on their fantastic four-bedroom units, snagged at almost the same psf. But what makes these two gems truly shine are their individual layouts, and we’re about to uncover how these layouts work their magic on property value.
Layout:
At first glance, both condos layout might look similar but when you put on your detective eyes, you’ll spot some groovy differences in the Whistler Grand unit:
1. Master Bedroom Walk-In Wardrobe: Whistler Grand flaunts a swanky walk-in wardrobe in the master bedroom, adding a dash of luxury and practicality to your living space.
2. Wet and Dry Kitchen: The Whistler Grand unit offers a double-decker kitchen extravaganza, with both a wet and dry kitchen.
3. Yard Area: Whistler Grand goes the extra mile with a dedicated yard area, perfect for speedy laundry drying and adding some serious functionality to the mix.
Feel-Good Vibes:
Buyers on the hunt for 4-bedroom digs are looking for a place to call home, and they’re more than willing to pay for the good vibes that come with it. A layout that feels just right can be a game-changer.
Now, let’s get to the exciting part – the profit comparison:
– The 4-bedroom unit in Whistler Grand was bought at $1,240 psf and sold at $1,733 psf.
– The 4-bedroom unit in Parc Riviera was purchased at $1,220 psf and sold at $1,520 psf.
Drumroll, please! The owner of Parc Riviera pocketed a profit of $356,000, but the Whistler Grand owner strutted away with a jaw-dropping profit of $632,000.
The difference in their profits? A whopping $276,000, which is almost double the Parc Riviera
Ever wondered how two seemingly identical 4-bedroom units, hanging out in the same ‘hood and born around the same time, can have such different price tags? Well, it’s all thanks to Whistler Grand’s masterful design and layout.
This case study shows off the massive profit gap between 4-bedroom units at Parc Riviera and Whistler Grand, despite their similar features. It’s a reminder of the super important role of choosing the right unit layout.
Case Study 2: The Crest vs Principal Garden
We’re going to zoom in on 3-bedroom units in both The Crest and Principal Garden. These two properties are like long-lost twins – they’re situated in the same location, have the same size, and even the same unit type. However, the profit difference between the two is a whopping $483,000, close to half a million!
As we look at the two layouts, a remarkable layout difference leaps right out at us. The Crest’s 3-bedroom unit boasts some peculiar, angular shapes jutting out from the Master Bedroom and Bedroom 2. Meanwhile, Principal Garden’s layout boasts bedrooms in a neatly squarish shape.
This layout duel becomes a critical factor when it comes to making the most of your bedroom space. Principal Garden easily accommodates queen-sized beds in all its bedrooms, while The Crest’s unique layout might require some clever space-saving tricks.
Now, let’s talk layout strategy. When it comes to selling properties, you’ve got to know what your potential buyers are craving. For suburban condos, think HDB upgraders; they’re a substantial player in the game. But in areas like the Core Central Region (CCR), the focus shifts to the tastes of the upscale buyer.
The battle of profits
Drumroll, please! The owner of The Crest danced their way to a profit of $247,000, but hold on to your hats – the owner of Principal Garden practically hit the property jackpot with a staggering $730,000 profit!
It’s crystal clear that understanding the layout preferences of potential buyers is a game-changer. And that, my friends, is our secret weapon to make sure our clients hit the property jackpot every time.
