BTO

October 2023 BTO Launch Review: Ultimate Guide To Choosing The Best Unit

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Sean

Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.

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John
John
6 months ago

Why is the resale comparables for Verandah @ Kallang so much higher than the earlier Kallang Horizon launch back in November 2022?

John
John
6 months ago
Reply to  John

To add on to that, both developments are very close by to each other. Specifically looking at 4 room resale comparables.

Stacked Homes
Admin
6 months ago
Reply to  John

That’s a good question. When we saw the actual transactions, we did find a $638,000 for a 4-room flat in Kallang nearby the BTO and it was for a flat with a lease start year of 2006. It seems that when we used transactions from this HDB for 6 months preceding October 2023, the minimum resale comparison should’ve been $720,000. Yet, it starts from $938,000 which should be the transaction at 8C Upp Boon Keng, hinting that this HDB development was omitted. It’s quite strange if it’s omitted given it’s 1 year apart, but we can’t say for sure what’s used in the comparison. There could’ve been a cut-off in terms of age comparison which would put it at 16 years apart if this were true.

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