What would be a good offer price for block 351d Canberra Road that doesn't have any COV?

To determine a good offer price for a unit at Block 351D Canberra Road, you should consider several factors, including the recent transaction prices, the unit's size, floor level, and the overall condition of the property.

Recent transactions at Block 351D Canberra Road have shown prices ranging from around $740,000 to $765,000 for units, with prices per square foot varying between $546 and $565. Given that these prices are for units sold in 2024, you can use these as a benchmark.

Here are some steps to help you make an informed offer:

1. Check the Unit Size and Floor Level: Ensure the unit you are interested in is at least on the 7th floor and has a size of more than 1290 square feet, as per your requirements.
2. Recent Transactions: Look at the recent sale prices of similar units in the same block. For example, a unit sold in October 2024 for $765,000 at $565 per square foot.
3. Condition and Amenities: Consider the condition of the unit, any renovations or upgrades, and the proximity to amenities like Sembawang MRT.
4. Market Trends: Keep in mind that HDB resale prices are expected to rise moderately in 2025 due to low supply, but interest rates are also expected to drop, which could affect buyer behavior.

Given these factors, a reasonable offer might be slightly below the recent transaction prices to account for negotiations. For instance, if a similar unit recently sold for $765,000, you could consider offering around $750,000 to $755,000, depending on the specific details of the unit.

It's also advisable to consult with a real estate agent who is familiar with the area and can provide more detailed insights based on the current market conditions. You can find such agents and detailed property listings on EdgeProp Singapore.