E
ecsider
Guest
Here's a little info: I'm on the hunt for a condo (not for investment-but to live). I've done some research but I would love to hear some of your thoughts to my questions. I'm leaning towards a resale unit.
1. I keep hearing about the benchmark price of $350 sq. ft for a condo unit. Can someone pls tell me the basis for this benchmark. Are there are different benchmarks for different parts of the city?
2. if you have all the time in the world to buy a condo unit, would you buy now or would you wait until 2007 on the assumption the new supply of units will bring average prices down next year?
3. Nevermind the location of the unit, but what do you think has better resale potential, a 1+1 or 2-bdrm unit?
These questions may be broad so I can clarify if necessary
many thanks
1. I keep hearing about the benchmark price of $350 sq. ft for a condo unit. Can someone pls tell me the basis for this benchmark. Are there are different benchmarks for different parts of the city?
2. if you have all the time in the world to buy a condo unit, would you buy now or would you wait until 2007 on the assumption the new supply of units will bring average prices down next year?
3. Nevermind the location of the unit, but what do you think has better resale potential, a 1+1 or 2-bdrm unit?
These questions may be broad so I can clarify if necessary
many thanks