More space for the family
From a D10 condo to a semi-D for their growing household
They needed room for three children and two helpers. We compared the price and future resale of larger condos with a semi-D they could rebuild.
This family owned a four-bedroom freehold condo in District 10. With three children and two helpers, they needed more space. They were considering penthouses and older freehold condominiums, which were natural places to start looking for a larger home.
Their next home also needed to make sense when they eventually sold. My assessment was that the penthouses and older condos under consideration would be harder for them to sell later. Widening the search brought in a District 10 semi-D they could rebuild around their household.
More room now, with future resale in mind
A larger condo could meet their immediate need for room. We also needed a future buyer who wanted that property at the price they’d eventually ask. That concern about selling later made those penthouses and older condos less suitable for the family’s longer-term plans.
They needed enough space for their household and a home that future buyers would want too. Their willingness to rebuild meant we could consider a landed home alongside the larger condos. That gave us another way to accommodate the whole household.
What made this semi-D worth considering
The semi-D’s price per square foot looked attractive against nearby landed homes and even new condos. My assessment was that it was undervalued against those alternatives. For the family, that offered an attractive entry price in District 10 and a home they could rebuild around their needs.
Nearby landed prices provided a reference for assessing the semi-D’s entry price. New-condo prices gave the family another comparison for what their money could buy. Landed psf and condo psf use different area measurements, so those comparisons were assessed separately.
They would still need to pay for and complete the rebuild. But they could plan the space around three children and two helpers, rather than search for another existing condo layout. The recommendation combined that room for their family with an entry price that compared favourably with nearby alternatives.
From selling the condo to rebuilding their home
I sold their four-bedroom condo for more than they’d expected. They bought the semi-D and are now rebuilding their home. The construction is still underway, so they’re working towards the finished house.
They came to me needing more space. The semi-D let them design a home for their household while buying at a price I considered undervalued against nearby alternatives. Their willingness to rebuild opened up that option, and we could compare it with the penthouses and older condos before they committed.