As per edgeprop, huttons lee tze teck said only 14.2% of unsold units for all the lentor projects launched for sale so far (2,477). Does this takeup indicate no oversupply/overhang?
The fact that only 14% of units are unsold at Lentor shows healthy demand, but it doesn’t fully address concerns about potential oversupply in the area. We need to consider the bigger picture, including upcoming launches in Lentor and nearby developments. There are still 2 more projects yet to launch. If more units flood the market in the next few years, prices could come under pressure. It’s also crucial to look at the unit types. Typically, there’s a higher chance of subsale activity when most Lentor projects TOP in the next 3 years, especially for smaller units, where there are more speculators. Bigger units, on the other hand, might face less of an issue due to healthier demand and limited resale supply. So while there’s still some risk, it’s important to minimize it by making careful choices. That’s why I believe Lentor Modern, Lentor Hills Residences, and Lentor Mansion should be the top picks for a safer resale investment.
🚨Exciting News Alert: Lentor Mansion Preview is a Go! From March 1st to March 11th only, with Booking Day set for March 16th. ⏰ Due to limited space in the Showflat, we're managing availability per hour. Priority access goes to registered attendees. 🗓️ Weekends: 10am to 8pm 📅 Weekdays: 10am to 7pm Secure your spot now and get a sneak peek at your future home! wa.me/6591887652
Buy elsewhere lor......if it's going to be hard to sell then don't bother taking the risk and waste 3 years to find out what you already know to be a foregone conclusion.....
@@StephenChongProperty if when you want to sell and the buyer has 30 or 40 other units to choose from, how long do you think it will take to sell? If everything assuming is the same, then the only way to be able to sell is by lowering the price to be able stand out. Agents will be exasperated bringing clients to view 20 or 30 available units and will tell owner to lower price to entice buyer. Supply outstrips demand. It’s an inevitable conclusion. If seller asks for high price, buyers just walk away.
@@hummit there could be more than 30 sellers at a time. But don’t forget that it’s not 1 buyer to 30 sellers ratio. There are more than 1 buyer at a time.
As per edgeprop, huttons lee tze teck said only 14.2% of unsold units for all the lentor projects launched for sale so far (2,477). Does this takeup indicate no oversupply/overhang?
The fact that only 14% of units are unsold at Lentor shows healthy demand, but it doesn’t fully address concerns about potential oversupply in the area.
We need to consider the bigger picture, including upcoming launches in Lentor and nearby developments.
There are still 2 more projects yet to launch.
If more units flood the market in the next few years, prices could come under pressure.
It’s also crucial to look at the unit types. Typically, there’s a higher chance of subsale activity when most Lentor projects TOP in the next 3 years, especially for smaller units, where there are more speculators.
Bigger units, on the other hand, might face less of an issue due to healthier demand and limited resale supply.
So while there’s still some risk, it’s important to minimize it by making careful choices.
That’s why I believe Lentor Modern, Lentor Hills Residences, and Lentor Mansion should be the top picks for a safer resale investment.
Thanks Stephen for your very comprehensive advice! Much appreciate it
🚨Exciting News Alert: Lentor Mansion Preview is a Go!
From March 1st to March 11th only, with Booking Day set for March 16th.
⏰ Due to limited space in the Showflat, we're managing availability per hour.
Priority access goes to registered attendees.
🗓️ Weekends: 10am to 8pm
📅 Weekdays: 10am to 7pm
Secure your spot now and get a sneak peek at your future home!
wa.me/6591887652
Buy elsewhere lor......if it's going to be hard to sell then don't bother taking the risk and waste 3 years to find out what you already know to be a foregone conclusion.....
Well elsewhere could be worse.
I think the 3 and 4 bedroom here are better than some other place.
@@StephenChongProperty if when you want to sell and the buyer has 30 or 40 other units to choose from, how long do you think it will take to sell? If everything assuming is the same, then the only way to be able to sell is by lowering the price to be able stand out. Agents will be exasperated bringing clients to view 20 or 30 available units and will tell owner to lower price to entice buyer. Supply outstrips demand. It’s an inevitable conclusion. If seller asks for high price, buyers just walk away.
@@hummit there could be more than 30 sellers at a time. But don’t forget that it’s not 1 buyer to 30 sellers ratio. There are more than 1 buyer at a time.