As you can see from the map, both Commonwealth Towers and Queens Peak are just side by side.
In March 2020, Queens Peak obtained TOP. So, is this a good thing happen to Commonwealth Towers owners?
Imagine if you are one of the owners at Commonwealth Towers. Is it a good news or bad news to you?
I am sure there are some agents told you that, if you buy a new launch condo that is surrounded by some empty lands, you are most likely going to be “Huat Kueh” (making a lot of profit)!
According to some agents, the reason is because the empty land price nearby will be higher and the developer will also sell much higher price than what you can buy now. That’s why the future new launch nearby will push up your condo price.
However, my study shows that is not always the case!