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-   -   Quick Advice on COV Value (http://www.arofanatics.com/forums/showthread.php?t=467477)

Lobsterman 21-06-2011 01:00 PM

Quick Advice on COV Value
 
Hey guys,

What do you think of a $140k COV for a jumbo flat in AMK? Valuation at $660K, selling at $800k...

Seems like COV are very high still... :(

Regards,

Steven

lohsinlong 21-06-2011 01:09 PM

Quote:

Originally Posted by Lobsterman (Post 8511776)
Hey guys,

What do you think of a $140k COV for a jumbo flat in AMK? Valuation at $660K, selling at $800k...

Seems like COV are very high still... :(

Regards,

Steven

wow!!! it is ex, but as compared to the dbss @ tampiness, ur is still consider cheap coz ur is a jumbo flat....

xaine 21-06-2011 01:21 PM

willing buyer, willing seller bro.
Alot of crazy seller just jack up in-order to "negotiate" down to a reasonable selling price.

fish2102 21-06-2011 01:47 PM

ang mo kio where??? block?

lpkoh5 21-06-2011 01:52 PM

Depends on the interior? Is it newly renovated without the need for you to do any more reno...$140k is really on the super-duper high side though :o

Kheong 21-06-2011 01:54 PM

140k can get you a BNIB A3 Sportsback liao.

http://www.sgcarmart.com/new_cars/ne...?CarCode=10772

Or an used evo

http://www.sgcarmart.com/used_cars/i...182423&DL=2275

or even a lotus esprit

http://www.sgcarmart.com/used_cars/i...182205&DL=1000

with lots of spare change. :p

Lobsterman 21-06-2011 02:16 PM

More information
 
I am a newbie, this would be my second flat if I buy. I need to upgrade because I stay in a 3rm flat. The family is growing.

I cannot move out of blk 416 - 420 (AMK Ave 10) as I need my in-law's help with the kids.

This flat's reno is so-so. But at least it looks like "ONE" flat instead of two units of 3rm flat. Would need reno still I guess.

I will have to sell of my 3rm flat to buy that and I will probably have to find another $50k hard cash. :(

Restart my HDB loan again, but our CPF portion is espected to cover the monthly repayments.

I know it is all about feeling but no harm asking about it for your general advice.

I do not think I can stay in a car though.

Ah_ZhaN 21-06-2011 02:29 PM

How's the sales and transacted price of neighbouring jumbo units over these 2 yrs? You might like to use that to mark a guage and ngeotiate the COV.

burntrubber 21-06-2011 05:40 PM

Do take note of the CPF withdrawl limits if using for loan repayments.

vic 21-06-2011 06:28 PM

how big is a Jumbo flat?


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