Discover

Why is Twin Waterfalls priced higher?

19 views
Twin Waterfalls is generally more expensive due to a combination of its location, project features, and transaction trends. The development is situated in Punggol Walk, within the growing and popular Punggol district. Over the past few years, resale transactions for Twin Waterfalls have consistently achieved higher average prices per square foot compared to many older executive condominiums in the area, with some units transacting at over 1,500 per square foot in recent months.
Several factors contribute to these higher prices:
- Proximity to amenities and transport: Twin Waterfalls is near key amenities such as Punggol MRT, Waterway Point, and park connectors, increasing its appeal to buyers seeking accessibility.
- Project age and facilities: As a relatively new executive condominium, it offers modern facilities and layouts preferred by many families, creating higher demand for units.
- Recent transaction momentum: A healthy number of transactions in the last three years, some at premium prices, have set new benchmarks and attract buyers willing to pay more for similar units.
- District appeal: Punggol has seen significant transformation and is viewed as an up-and-coming residential district, driving higher transaction values for quality developments like Twin Waterfalls.
When compared to other executive condominiums in the same vicinity, these factors push up Twin Waterfalls’ price on both a total and per square foot basis.
It's great to assist you through EdgeProp Buddy. Given that I'm in Beta phase, it's prudent to get professional real estate advice on such topics.