journo
12-09-22, 11:32
Profitable neighbours of unprofitable condominiums
August 29, 2022
Recap: top five most unprofitable condos
In June, we wrote about the five condominiums (https://www.edgeprop.sg/property-news/analysis-top-five-most-unprofitable-condominiums) that had the most unprofitable transactions over a 12-month period.
In this article, we examine if these unprofitable condominiums have any profitable neighbours within a 1km radius, and the reasons for their profitability despite their proximity to an unprofitable development.
Reflections at Keppel Bay
In June, Reflections at Keppel Bay had 65 unprofitable and 26 profitable transactions, earning it the dubious honour of being the most unprofitable condominium in Singapore. At the time of writing, the number of unprofitable transactions for Reflections at Keppel Bay still far exceeded profitable ones with 62 unprofitable and 30 profitable transactions over the past 12 months.
The leasehold condominium is located in District 4 and Bukit Merah planning area. Nearby amenities include HarbourFront MRT Station (North-East Line, and Circle Line or CCL), Telok Blangah MRT Station (CCL) VivoCity, Harbourfront Centre and Mount Faber.
https://i.imgur.com/nZyedne.jpg
Immediate neighbour has only three unprofitable transactions
Reflections at Keppel Bay has seven neighbours with 2,481 units within a 1km radius. Reflections at Keppel Bay is the largest development with 1,129 units.
Uncompleted The Reef at King’s Dock has the highest average price of $2,498 psf, while Harbour View Towers (TOP in 1994) has the lowest average price of $1,405 psf.
Read more at: https://www.edgeprop.sg/property-news/profitable-neighbours-unprofitable-condominiums
August 29, 2022
Recap: top five most unprofitable condos
In June, we wrote about the five condominiums (https://www.edgeprop.sg/property-news/analysis-top-five-most-unprofitable-condominiums) that had the most unprofitable transactions over a 12-month period.
In this article, we examine if these unprofitable condominiums have any profitable neighbours within a 1km radius, and the reasons for their profitability despite their proximity to an unprofitable development.
Reflections at Keppel Bay
In June, Reflections at Keppel Bay had 65 unprofitable and 26 profitable transactions, earning it the dubious honour of being the most unprofitable condominium in Singapore. At the time of writing, the number of unprofitable transactions for Reflections at Keppel Bay still far exceeded profitable ones with 62 unprofitable and 30 profitable transactions over the past 12 months.
The leasehold condominium is located in District 4 and Bukit Merah planning area. Nearby amenities include HarbourFront MRT Station (North-East Line, and Circle Line or CCL), Telok Blangah MRT Station (CCL) VivoCity, Harbourfront Centre and Mount Faber.
https://i.imgur.com/nZyedne.jpg
Immediate neighbour has only three unprofitable transactions
Reflections at Keppel Bay has seven neighbours with 2,481 units within a 1km radius. Reflections at Keppel Bay is the largest development with 1,129 units.
Uncompleted The Reef at King’s Dock has the highest average price of $2,498 psf, while Harbour View Towers (TOP in 1994) has the lowest average price of $1,405 psf.
Read more at: https://www.edgeprop.sg/property-news/profitable-neighbours-unprofitable-condominiums