This is the indication for 1-bedroom apartments. The 2-bedroom is from $6xxk and 3-bedroom from $8xxk.
[Update on 8 Mar 2015] Kingsford Waterbay now open for sales. Please click here for price guide.
Comparative with Executive Condominium
Its neighbour Heron Bay, an executive condominium, with HDB eligibility criteria to fulfil, sold their 2-bedroom apartments from $553,000 – $616,000 in Dec 2013.
One year on, the margin of ‘discount’ for executive condominium vs. private condominium is dwindling in current market conditions.
Consideration for purchase of a private condominium instead is made more attractive due to the lower loan size for purchase of executive condominium.
This is because home buyers are subject to MSR (Mortgage Servicing Ratio) instead of TDSR (Total Debt Servicing Ratio) for private residential purchase.
Comparative with new launches
Riversails by Allgreen was launched in 4th quarter 2012. Its 1-bedroom was sold from $50xk, 2-bedroom apartment from $67xk and 3-bedroom from $80xk.
Boathouse Residences by Frasers Centrepoint, Far East & Sekisui was launched in 3rd quarter 2011.
As apartment sizes offered are bigger, Boathouse Residences 1-bedroom was sold from $55xk, 2-bedroom from $74xk and 3-bedroom from $82xk.
Both Riversails and Boathouse Residences are located in the same area as Kingsford Waterbay in Upper Serangoon.
Prices of apartments at Kingsford Waterbay are now comparative to new condo launches back in 2011 and 2012. A point to note though is that apartment sizes are now smaller in order to meet affordability of home buyers due to TDSR.
Interested to know more on Kingsford Waterbay?
Click here for project information of Kingsford Waterbay Condo in Hougang, and find out more on the private condo where most units has a water view.
Call Developer’s Appointed Marketing Agent, Poh Lin at tel no. 96700937 or submit the form below to register your interest to view showflat or to request for floor plan.
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