How Much More Should You Really Pay for a Higher Floor or Sea View Condo?
“Hi Stacked, I’m looking at some condos including Amber Park, Coastline Residences, One Amber and Silversea. How much more is a fair amount for a similar unit on a higher floor? What if it is just one floor higher, and what if there is a sea view versus no sea view?”
It is an interesting question, especially for resale properties, because there is no linear progression. We cannot simply say that it is $X per floor across the board. The data rarely behaves that neatly. On top of that, higher floors are tangentially related to sea views (in that you near to clear the treeline for true sea view), but that brings up a secondary, related problem: does the sea view affect prices too?
Many of the questions about floor height also point out certain projects known for sea views – with questions like whether a higher floor unit at Lagoon View, Silversea, Seafront on Meyer etc. – would cost more since the view is a major factor.
