Mass Market Condos Means <$1300 Psf Condos?

[ApaMacam 0]

Mass market condos means <$1300 psf condos?

I have seen several times that Straits Times have defined it this way, sometimes quoting from property developers and agencies.

Is the definition correct?

[Plastic3 0]

I define it as residential Real Estate "Outside Central Region"

Map:

http://spring.ura.gov.sg/lad/ore/login/map_ocr.pdf

As prices are elastic it is quite hard to determine using purely price ranges.

Best,

Mark

[Reno145 0]

Mass market condos means <$1300 psf condos?

I have seen several times that Straits Times have defined it this way, sometimes quoting from property developers and agencies.

Is the definition correct?

yes you are right...price is the determinant...not the distance from city centre..

mass market condos can be near city centre..

however, during bad times, it can be below $1000psf instead of $1300psf

[Reno145 0]

Check out the definition by Propnex, any property below $2 million is mass market

"PropNex said the new measures could have been targeted to preserve affordable pricing in the mass market segment - homes costing less than S$2 million where prices have surpassed S$1,000 psf."

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1170127/1/.html

[Misc100 2]

There are 2 types of private properties: luxury and mass market.

If yours do not belong to the luxury type, then it is the mass market type.

[Newie-X 1]

Luxuy: $3000 to $6000 psf

Mid-range: $1800 to <$3000 psf

Mass market: <$1800 psf

[kalimantan 6]

Luxuy: $3000 to $6000 psf

Mid-range: $1800 to <$3000 psf

Mass market: <$1800 psf

Can you give some examples ?

Luxury - chatworth drive ?

Mid - orchard area

mass mkt - not in above ?

[Newie-X 1]

Can you give some examples ?

Luxury - chatworth drive ?

Mid - orchard area

mass mkt - not in above ?

not dependent on area but on individual developments