Why is Flamingo Valley psf so low?

The price per square foot (psf) of Flamingo Valley Condominium can be influenced by several factors, even though it is a freehold property in a relatively desirable area like the East Coast / Marine Parade district.

1. Age of the Property: Flamingo Valley was completed in 2014, which makes it an older development compared to newer condos. Generally, newer properties tend to command higher prices due to modern amenities and designs.

2. Location Specifics: While it is in District 15, the specific location along Siglap Road might not be as central or as highly sought after as some other areas within the same district. Proximity to MRT stations, schools, and other amenities can also impact pricing.

3. Market Conditions: The overall real estate market conditions in Singapore can affect pricing. If there is a surplus of supply in the area or a general slowdown in the market, prices might be lower.

4. Unit Types and Sizes: The psf price can vary significantly depending on the unit type and size. Smaller units or those with less desirable layouts might have lower psf prices.

5. Facilities and Maintenance: The quality and age of the facilities, as well as the maintenance standards of the condominium, can also influence the pricing.

Given these factors, the psf price of Flamingo Valley might be lower compared to newer or more centrally located developments in the same area. For the most accurate and up-to-date pricing, it's best to check listings on EdgeProp Singapore.