Trying to understand the real pricing for a 2-bedroom in The Greens, Greens & Views.
I’m seeing a big disconnect:
- Some sellers still asking 2M+
- But also hearing deals closer to 1.8M (or below)
On the rent side, things don’t look very strong:
- Listings show ~140K–155K, but actual transactions are happening ~120K–135K
- Some Properties are even vacant since Feb as the tenants do not want pay that much at this time. hope this improves.
- Even owners are dropping rents (e.g. 165K → 140K) just to get tenants
So it feels like:
- Rents have already softened
- But sale prices haven’t fully adjusted yet
- Which is compressing yields quite a bit
As of now 5th May - I want to understand
- What’s a fair buy price today based on actual achievable rent (not listings)?
- Are deals really closing near 1.8M, or can they go lower below 1.7M in coming months?
- With rents looking soft and supply increasing, does it make more sense to wait till summer - could we see ~1.7M levels, or is that unlikely for Greens?
Feels like the market is in that phase where rents have adjusted but sale prices are still catching up.