In just about any new launch, sales teams will be eager to point out “premium” stacks, where the facing is better (and prices are also obviously higher). And while you might feel the difference as a homeowner (fewer people want to look out at the neighbour’s kitchen), investors have different concerns. It’s already uncertain if a tenant will pay much more for a nicer view; so what about your resale gains? We took a look at two condo projects, to see if a premium facing impacts the resale price:
A look at High Park Residences
High Park Residences is a 99-year leasehold mega-development (1,390 units), located at Fernvale Road. The project’s higher floors overlook Sengkang Riverside Park, which provides some greenery as well as a waterfront view; this is mainly seen with stack 11.
We’ll contrast these with the prices in stack 10, which has an inside-facing view.
These were the prices we saw during the initial launch, for stack 11 with a premium facing....