Originally Posted by
propertyguru
Seeking some views here. I have been looking at the D12 area recently. We all know that The Arte and Vista are selling at above 1000 psf, with the new release of Vista units touching 1300 psf already.
However, right beside Vista is Citrine, which according to recent URA transactions, is selling at only 700+ psf. I am aware that Citrine doesn't have all the bells and whistles, and is strictly speaking not a full facilities condo. But that to me doesn't justify a 600 psf markup for Vista. Unless Citrine is undervalued.
If you look around D12, there are still many older developments going for 700-800 psf, including several on the Thomson end (rather than the Serangoon side, which most people will agree is a little more dodgy). On the other hand, the Tier, on the wrong end of Balestier, is launching at above 1000 psf. I find the price discrepancy between old and new apartments/condos in D12 rather inexplicable, and was hoping people can shed some light on the issue.
Unless it boils down purely to the premium buyers tend to place on a completely new unit.