Are you paying too much for that pool view?

[Kevin Tan]

http://www.theedgeproperty.com.sg/co...much-pool-view

Are you paying too much for that pool view?
By Esther Hoon / The Edge Property | March 4, 2016 9:54 AM MYT
Tags: valuationA Treasure TroveCity Square Residences
Most people, if not all, are acquainted with the idea that residential units with a pool view, a north-south orientation or on high floors carry a price premium. While real-estate appraisers and seasoned salespersons can easily estimate this premium, the rest of us could do with a systematic way to establish such a premium. This would be useful when comparable transactions are lacking or if we simply want to do our own homework to ensure we get a fair value of the property.

The premiums for units with a pool view or north-south orientation or on high floors differ across different developments. However, there appears to be some thresholds that real-estate appraisers work with. We spoke with senior appraisers from four consultancy firms who declined to be identified.

As a broad guide, these appraisers apply a premium of 0.3% to 0.5% per floor level for private, non-landed projects in Singapore. If the price quantum of the subject property is large, a smaller percentage of 0.3% would be applied and vice versa. Separately, appraisers apply a premium of between 1% and 3% each for units with a pool view or north-south orientation.

http://www.theedgeproperty.com.sg/co...much-pool-view

[bolster]

In real life.
1. Pool view very noisy especially on weekend and facing the main pool.
2. North South facing very windy, but low light throughout the day. Best unit probably 30% East or west sun facing, 70% north south facing.
3. If you stay at very high level >30 levels, pool view is as good as bathtub view. Best unit normally facing sea, city or greenery.
4. Avoid surrounding HDB as once any HDB block go en-block, definitely HDB will build up at least 40 levels defaults. Your view will be block and so is the price. Best is to face landed property.

[Lowi]

When the sun hits the pool and evaporates the water from the pool does it feel hotter for those units facing the pool?

[merlion]

Chlorine smell for units too close to pool.