(Photo Source: Edmund Tie)

The coronavirus (‘COVID-19’) has already wrought havoc and extreme volatility to the equities market, with the Straits Times Index (‘STI’) declining more than 20% from its highest peak in 2020. Likewise, property investors are also looking for similar signs to emerge in the Singapore residential market. Therefore, when EdgeProp ran an article “Freehold duplex at Palmera Residence going for $1.38 mil” last month, it inevitably attracted the attention of plenty of bargain hunters. Such a title is definitely click-baity and eye-catching, because it translates to only $922 psf for a freehold property built in 2011 and located in District 15. With a cheap freehold condominium for sale at $922 psf, what’s the catch? Since the Circuit Breaker is still in place, Heartland Boy could only perform a desktop analysis. Here is his review of why this cheap freehold condominium is not exactly cheap. Looks Cheap On...