How is the price of S$2.6 million derived, given that recent transaction prices go up to S$2.8 million?

The price valuation of your property, such as the $2.6 million figure for your unit at Costa Del Sol, is derived using EdgeProp's Edge Fair Value tool. Here’s how it works:

- Multiple Variables: The tool considers various factors including the property's location, floor area, number of rooms, age of the property, recent transaction prices in the area, and other relevant market data.

- Recent Transactions: The tool analyzes recent transaction prices of similar units in the same development or nearby areas. However, it may omit certain transactions by design to ensure the valuation is not skewed by outliers.

- Market Trends: It takes into account current market trends, sales volume, and historical price data to provide a comprehensive valuation.

- Comparative Analysis: The tool compares your property with similar properties that have been sold recently to determine a fair market value.

In your case, if recent transaction prices have gone up to $2.8 million, the $2.6 million valuation might reflect an average or adjusted value based on the tool's analysis of multiple factors, including any potential adjustments for the specific characteristics of your unit, such as its floor area of 1324 sqft, and other market conditions. This ensures the valuation is balanced and reflective of the broader market context.