When your clients are looking to secure a property, there are two important factors that you can use to help them analyse if a property has a good entry price.
2 factors in analysing property entry prices
First-mover Advantage & Exit Plan
Let’s make use of Tembusu Grand as a case study to determine these two key factors.
As you can see from the map below, Tembusu Grand sits right in the middle of THREE other plots of land that have yet to be sold under the Government Land Sale (GLS) programme.
Owners of Tembusu Grand will enjoy a first-mover advantage when moving in. And we know from historical data that land plots from GLS have been increasing in value with each exercise.
1. First-mover advantage
Let’s take a look at similar examples of first-mover advantage .
For the West Coast Vale GLS, we can see evidence of a rise in the price of land cost through the years.
How has this helped residents of Parc Riviera?
As you can see, because of the rise in land costs and the later project launches, it has helped to bump up the prices of Parc Riviera. Some homeowners even made close to $400,000 in profit!
Let’s take a look at another example at Dairy Farm.