Most owners actually bought for own stay (80-90%), but are willing to let go if there is decent profit, >680psf. But as I mentioned, bank valuation is low and hence the owner may not even get 80% loan if they are on DPS (Bank may give first owner full valuation). Not sure how many buyer willing to fork out $70-80k on top of valuation to buy an unit in Northwood. Even if the owner try to cut loss by rental, not sure can get $2 per psf, then need to top up payment on top of rental to cover bank instalment. All this purely my guess.
If you are interested in Northwood, wait 1-2 years before you buy. E.g. Sensoria several sub-sales is getting closer to Seletaris even though it is a much newer estate. My guess again but don't
when the price cheong high high
.