Suppose you bought the unit in 2002 at $557 PSF, resulting in a total cost of $851,096. Now, compare this with the most recent transaction in April this year, where a #03 unit was sold for $2.428M. This translates to a profit of $1.5M. Do note that we haven’t taken into account additional expenses such as interest, BSD, decoupling costs, etc.
The Hillview area also has several plots around that could see new launches propping up the price of Hillington Green further. This is because the cost of land is always going up, so developers would have to sell higher. As they do, buyers would be making comparisons to alternatives in the area, and if the new launch sells well, we can reasonably expect the prices of Hillington Green to reflect this accordingly.
Depending on your future plans, the extended holding period required to realise a profit of $700k may or may not align with your objectives. 3 Cuscaden is a freehold property, so holding onto it for the long term while staying in it to enjoy the property makes sense if you have legacy planning in mind.
It’s akin to building another MRT station in an area that already has an MRT – how much more of an impact can this make compared to building an MRT station near a condo that has none within walking distance?