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Old 21-06-2011, 01:00 PM   #1
Lobsterman
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Default 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
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Old 21-06-2011, 01:09 PM   #2
lohsinlong
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Quote:
Originally Posted by Lobsterman View Post
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....
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Old 21-06-2011, 01:21 PM   #3
xaine
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willing buyer, willing seller bro.
Alot of crazy seller just jack up in-order to "negotiate" down to a reasonable selling price.
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Old 21-06-2011, 01:47 PM   #4
fish2102
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ang mo kio where??? block?
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Old 21-06-2011, 01:52 PM   #5
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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
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Old 21-06-2011, 01:54 PM   #6
Kheong
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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.
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Old 21-06-2011, 02:16 PM   #7
Lobsterman
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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.
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Old 21-06-2011, 02:29 PM   #8
Ah_ZhaN
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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.
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Old 21-06-2011, 05:40 PM   #9
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Do take note of the CPF withdrawl limits if using for loan repayments.
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Old 21-06-2011, 06:28 PM   #10
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how big is a Jumbo flat?
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