Property Kaki REAL ESTATE
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Will layout affect your property prices?
All Property Buyers Must Know This
Read on to Learn More
Discover how a meticulously planned unit layout, aligning with the needs and preferences of your target market, can significantly enhance its appeal to potential buyers or tenants. Gain insights into the importance of understanding the demographic and lifestyle of your audience to make informed choices in layout selection.
Keep in consideration that the selection of units within a project plays a pivotal role in determining a property's growth potential. Uncover the ways in which a thoughtfully designed layout has the power to not only boost demand but also increase the property's value over time.
Continue reading to delve deeper into...
Let's Dive into 3 Recent case studies
Case Study 1
Case Study 2
Case Study 3
These 3 case studies have been selected as each property in the respective case study are similar in location, size and type. With these similar characteristics, we can accurately show why selecting certain layouts plays a massive role in determining potential capital appreciation.
Case Study 1: Parc Riviera vs Whistler Grand
Let's start off our case studies comparison with 2 condos in the West, Parc Riviera and Whistler Grand.
For our case study, we will compare a four-bedder from each development that were purchased at about the same per square foot (psf) price.
The secret lies in their individual layouts, which we will discuss below
At first glance, both layouts look great and functional with many similarities. However, upon closer observation, we can see there are some key differences in Whistler Grand. Firstly, it has a walk-in wardrobe in the Master bedroom, which provides for functionality and luxury. Secondly, the unit in Whistler Grand has a wet and dry kitchen, which makes food preparation and cooking convenient and organised. Thirdly, there is a Yard area to dry your laundry efficiently. This excellent unit layout enables the 4-bedder at Whistler Grand to be viewed as spacious with a touch of luxury.
From our experience, 4 bedroom buyers are most likely buying for their own stay. Hence, the "feel good" factors play a significant part of their decision. These buyers are willing to pay top dollar for enjoying the comforts of the home with their loved ones.
Profit Comparison
With reference to the profit comparison visual above, we see that the 4-bedder unit at Whistler Grand was purchased for $1240 psf and sold at $1733 psf, while the 4-bedder unit at Parc Riviera was purchased at $1220 psf and sold at $1520 psf.
The Owner of Parc Riviera made a profit of $356,000 while the Owner of Whistler Grand made a profit of $632,000.
The difference in their profit is $276,000.
Almost Twice the profit!
Many of us must be wondering, how is it possible for 2 similar sized 4-bedders that are close by and built around the same time have such different selling prices?
In conclusion, we can clearly see the huge difference in profit for the unit at Whistler Grand, even though, the location, size and type of the units are similar. Hence, analysing and selecting the optimal unit layout is an important component and is part of my unique offering to clients.
Case Study 2: Jadescape vs Sky Habitat
Our next case study brings us to Bishan at District 20 where we will analyse 2 condominium developments, Jadescape and Sky Habitat.
For this case study, we will compare a 2-bedder from Jadescape vs 1 + study and 2-bedder units from Sky Habitat. The units were purchased at about the same per square foot (psf) price.
Let us find out if their layouts also have an impact on their selling price and profits
Upon comparing the Jadescape 2-bedder layout and the layouts of Sky Habitat's 1+study and 2-bedder units, we can observe that the Jadescape unit offers enclosable kitchen with windows. This enables an open fire stove and provides ample ventilation when cooking.
Fun fact, do you know that this is actually rare for most 2-bedder condos in Singapore?
Profit Comparison
With reference to the profit comparison visual below, we can note that the 2-bedder unit at Jadescape was purchased for $1720 psf and sold at $2232 psf. Whereas, the the 1-bedder unit at Sky Habitat was purchased at $1512 psf and the 2-bedder unit at $1532 psf, with the selling prices at $1760 psf and $1657 psf respectively.
In terms of profits, the Jadescape unit garnered a profit of $512 psf, whereas, the Sky Habitat units also registered profits, but at $248 psf and $125 psf.
The Owner of Jadescape made a profit of $397,088 while the Owner of Sky Habitat (1+study) made a profit of $175,520 and the Owner of Sky Habitat (2-bedder unit) made a profit of $113,180.
The owner of Jadescape made More than Double the profit compared to the 2 owners of Sky Habitat!
In conclusion, we can clearly see the massive difference in profit for the unit at Jadescape, even though, the location, size and type of the units are similar. Hence, sharing this knowledge and selecting the best unit layout is an important component of my strategies for clients.
Case Study 3: The Crest vs Principal Garden
For our 3rd case study, we will explore the 2 developments in District 3, The Crest and Principal Garden.
For this comparison, we will analyse a 3-bedder unit at The Crest and Principal Garden, which share a similar location, size and type of unit.
Read on to see if this case study will have the same turnout as case studies 1 & 2
As we look at the layouts of the 2 units, we can immediately see a key difference in the layout of The Crest. There are odd angular shapes protruding out of the Master Bedroom and Bedroom 2, while the bedrooms in Principal Garden are properly shaped.
With the odd angular shapes in The Crest's unit, we are unable to maximise the space of the bedroom, whereas for the the unit at Principal Garden, all the bedrooms can accommodate a queen-sized bed.
A golden rule that is used to maximise your capital gains for a resale condominium unit is to understand what future resale buyers would look for.
If the condo is situated in the Heartlands, then the potential of HDB upgraders is high, which will lead us to understand more on what type of layouts would HDB upgraders prefer. On the other hand, if the condo is located in an upscale area like the Core Central Region (CCR), then we would need to understand what type of layouts these buyers would look for.
Profit Comparison
With reference to the profit comparison visual, we can note that the 3-bedder unit at The Crest was purchased for $1696 psf and sold at $1899 psf, while the 3-bedder unit at Principal Garden was purchased at $1672 psf and sold at $2262 psf. As we calculate the profits, The Crest unit garnered a profit of $203 psf, whereas, the Principal Garden unit registered a profit, at $590 psf.
The Owner of The Crest made a profit of $247,000 while the Owner of Principal Garden made a profit of $730,000.
The owner of Principal Garden made almost half a Million dollars more as compared to the owner of The Crest.
Yes, you read it right! Almost Triple the profit!
In conclusion, we can clearly see the gargantuan difference in profit for the unit at Principal Garden, even though, the location, size and type of the units are similar. Hence, knowing what layout future buyers would look out for is essential and this forms part of my strategy for my clients.
My Strategies and How it can Help You
Layouts are part of a Larger, Comprehensive Strategy
Layouts analysis and selection are part of my strategy to help buyers to maximise their capital appreciation opportunities on new launch and resale condominiums. Besides layouts, there are a number of different factors that I use to create a winning formula for clients from all walks of life.
With the many resale condominiums and upcoming new launches in the market, I can help you make the best purchase with your needs and objectives in mind.
Facilitated numerous clients
in building wealth and create passive income through strategic property investments
Employing our customized approach, we've supported numerous clients in their home acquisitions and investments. Whether your goal is generating passive income through rentals or capitalizing on property value appreciation, PROPERTY KAKI is equipped with the essential tools and insights to help you realize your aspirations and dreams by building wealth through property.
Meet Property Kaki
Combining experience, knowledge and synergy
YT Tan and Celeste Ong are partners both in matrimony and real estate. PROPERTY KAKI is the brand of their real estate business. Combining their knowledge and skills together with their synergy, the couple have been helping clients buying, selling and investing in real estate.
With both being trained in the Accounting field, they have a keen eye for data and numbers, which can be evident in their analysis and research that their clients have been receiving. Furthermore, with more than 15 years of real estate experience among them and their in-depth knowledge of the real estate market, many clients have benefited from PROPERTY KAKI.
You Dream, I Create, We Make It Happen
PROPERTY KAKI, as its name suggests, is your friend for all matters regarding real estate. Clients are encouraged to share their real estate aspirations and dreams, which YT and Celeste will listen, understand and help their clients achieve .
PROPERTY KAKI believes that clients need to have material facts, figures, analysis and advice before making the most financially important decision in their lives. Exercising financial prudence is key to prevent shocks from interest rate movements and unforeseen changes in financial circumstances.
Endorsements from Delighted Clients
We are truly grateful to have received numerous expressions of appreciation from our valued clients
Had a pleasant working relationship with Celeste Ong. Throughout the purchasing process, she was very helpful, accommodating & answered every query posted to her. Celeste is a very knowledgeable yet humble lady who will go all out to smoothen the buying process for us. Highly recommended if you want to get the best of your property. Thank you so much from the bottoms of our heart.
- JK
Acknowledgment of Accomplishments
Attaining Industry Accolades
PROPERTY KAKI's unwavering commitment and steadfast dedication have garnered accolades from the Singapore Estate Agents Association (SEAA). This prestigious award not only recognizes but celebrates the extraordinary efforts of YT and Celeste, underscoring their remarkable performance.
Beyond the SEAA acknowledgment, PropNex's leadership has consistently applauded YT's exceptional dedication and outstanding performance, bestowing numerous Top Producer awards over the years.
PROPERTY KAKI is profoundly grateful for the recognition bestowed upon them by clients, management, and the industry at large. These accolades serve as a testament to their unyielding commitment to guide clients in realizing their real estate aspirations and achieving their goals.
