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Thread: SkySuites@Anson

  1. #211
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    Everwhere will be fighting for rental in the next couple of yrs or so when most projects TOP in ocr/rcr. In fact for D2 area, almost 1 in 2units are rental [comparing 1yr rental contracts vs existing stocks] so in terms of competition you are right in some extent as owner occupied units are not as predominant as in the mass markets sector.

    Skysuites MM has the unique advantage of being at 3xx sqft, it can afford to fight at competitive advantage of <3k per month in CBD as the size are smallest in D1/D2 currently. Even EON @ Shenton is a 2bedder MM so for rental, it will likely be in the 4k, next robinson suites MM small size but it's FH status at 2.8/3k psf, rental gonna be sky high anyway.

    Anyway, this project not worth looking at now since all the 690-7XXk units are gone and left over are 1mil MM units on super high flrs and 2rms around ~1.4mil

    Last edited by dtrax; 10-05-12 at 14:56.

  2. #212
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    From SCC

  3. #213
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    Quote Originally Posted by dtrax
    Everwhere will be fighting for rental in the next couple of yrs or so when most projects TOP in ocr/rcr. In fact for D2 area, almost 1 in 2units are rental [comparing 1yr rental contracts vs existing stocks] so in terms of competition you are right in some extent as owner occupied units are not as predominant as in the mass markets sector.

    Skysuites MM has the unique advantage of being at 3xx sqft, it can afford to fight at competitive advantage of <3k per month in CBD as the size are smallest in D1/D2 currently. Even EON @ Shenton is a 2bedder MM so for rental, it will likely be in the 4k, next robinson suites MM small size but it's FH status at 2.8/3k psf, rental gonna be sky high anyway.

    Anyway, this project not worth looking at now since all the 690-7XXk units are gone and left over are 1mil MM units on super high flrs and 2rms around ~1.4mil



    SkySuites together with Altez shaping up nicely.
    Going to be iconic buildings as they stick out from afar. Was at Sentosa, Altez can be seen very clearly.


    Even at 1m, the yield may not be so bad for the 398sqfeet. Geylang, thomson, PP, etc easily getting ave 2.8k for this kind of size. So Skysuites could ave 3.5k. The bigger Altez MM units should be more.
    But whether CBD can accommodate so many rental units is a big question.

  4. #214
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    Quote Originally Posted by dtrax

    bro dtrax, do u have any idea how many rental units < 550sqft available in CCR? this will give another perspective
    Ride at your own risk !!!

  5. #215
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    mm rental may be high when newly top, but when many other newer choices sprout out in the vicinity, gotta prepare to lower asking rent for it to move
    click: 🏢shoeboxmickeymousehouse 🏢

  6. #216
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    Newer CBD MM units are getting smaller and smaller, so it would be interesting to know who are the potential tenants and rentability of these shrinking MM units.

    The case of Shrinkng CBD MMs and keeping quantum at 1m or less.

    Sail, around 580-600 plus sqfeet
    Icon, smallest around 530+ sqfeet
    Altez/One shenton also 500+ sqfeet
    Clift, 490sfeet
    V on shenton, 441sfeet
    Skysuites 365sfeet

    Newer condos, 300 sqfeet?

  7. #217
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    Quote Originally Posted by ekl2ekl2
    Newer CBD MM units are getting smaller and smaller, so it would be interesting to know who are the potential tenants and rentability of these shrinking MM units.

    The case of Shrinkng CBD MMs and keeping quantum at 1m or less.

    Sail, around 580-600 plus sqfeet
    Icon, smallest around 530+ sqfeet
    Altez/One shenton also 500+ sqfeet
    Clift, 490sfeet
    V on shenton, 441sfeet
    Skysuites 365sfeet

    Newer condos, 300 sqfeet?
    The smallest I personally can tolerate is 441sqft efficient layout ... don't know about others
    2xxsqft or 3xxsqft is capsule living liao



    Last edited by phantom_opera; 26-12-12 at 11:35.
    Ride at your own risk !!!

  8. #218
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    eagerly waiting to experience smallest mm in sg 258sf suites at guillemard
    click: 🏢shoeboxmickeymousehouse 🏢

  9. #219
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    Been to see the 398sfeet Skysuites and 440 V shenton showflats.
    Still looks decent and livable, but interestingly agents marketting larger MM elsewhere always tell me that big size foreign talents won't like to live in this kind of units and better not invest in these kind of units. Not sure if there are any truths, but japanese or Asians in general may be very used to small places.

  10. #220
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    Quote Originally Posted by ekl2ekl2
    Newer CBD MM units are getting smaller and smaller, so it would be interesting to know who are the potential tenants and rentability of these shrinking MM units.

    The case of Shrinkng CBD MMs and keeping quantum at 1m or less.

    Sail, around 580-600 plus sqfeet
    Icon, smallest around 530+ sqfeet
    Altez/One shenton also 500+ sqfeet
    Clift, 490sfeet
    V on shenton, 441sfeet
    Skysuites 365sfeet

    Newer condos, 300 sqfeet?
    Think 350+sqft should be the acceptable norm. Most 1 rm in CBD around 4xx-599sqft in CBD. So far onie 2 developments - skysuites n spottiwoode 18 has 350-399sqft category comprising of only 300 units in entire D1-D2. But again boat long gone, many units were sold for around 700k+ for this category of MM in this area. These are the ones that can rent for a solid 3k p.m as compared to those 1mil - 1.2mil range CBD 1rm renting from 4-4.5kp.m range.

  11. #221
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    who says CBD condo muz always be exp?

    cheap a cheap:

    SKYSUITES@ANSON 8 Enggor Street #12-01 1 34 Strata 691,000 20324 1888 31-MAR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #13-01 1 34 Strata 694,000 20412 1896 11-APR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #12-08 1 34 Strata 695,000 20441 1899 28-MAR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #24-01 1 34 Strata 732,600 21547 2002 11-APR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SPOTTISWOODE 18 18 Spottiswoode Park Road #06-02 1 36 Strata 688,900 19136 1778 14-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #06-03 1 36 Strata 688,900 19136 1778 07-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #07-03 1 36 Strata 694,700 19297 1793 14-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #07-02 1 36 Strata 694,700 19297 1793 09-FEB-2011 Apartment Freehold Uncompleted New Sale Private 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #08-03 1 36 Strata 700,500 19458 1808 09-FEB-2011 Apartment Freehold Uncompleted New Sale Private 02 08 088642 Central Region Bukit Merah

  12. #222
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    Grab some if you think is still cheap. Otherwise, it will of further reach next year.
    Quote Originally Posted by dtrax
    who says CBD condo muz always be exp?

    cheap a cheap:

    SKYSUITES@ANSON 8 Enggor Street #12-01 1 34 Strata 691,000 20324 1888 31-MAR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #13-01 1 34 Strata 694,000 20412 1896 11-APR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #12-08 1 34 Strata 695,000 20441 1899 28-MAR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #24-01 1 34 Strata 732,600 21547 2002 11-APR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SPOTTISWOODE 18 18 Spottiswoode Park Road #06-02 1 36 Strata 688,900 19136 1778 14-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #06-03 1 36 Strata 688,900 19136 1778 07-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #07-03 1 36 Strata 694,700 19297 1793 14-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #07-02 1 36 Strata 694,700 19297 1793 09-FEB-2011 Apartment Freehold Uncompleted New Sale Private 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #08-03 1 36 Strata 700,500 19458 1808 09-FEB-2011 Apartment Freehold Uncompleted New Sale Private 02 08 088642 Central Region Bukit Merah

  13. #223
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    Quote Originally Posted by dtrax
    who says CBD condo muz always be exp?

    cheap a cheap:

    SKYSUITES@ANSON 8 Enggor Street #12-01 1 34 Strata 691,000 20324 1888 31-MAR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #13-01 1 34 Strata 694,000 20412 1896 11-APR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #12-08 1 34 Strata 695,000 20441 1899 28-MAR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SKYSUITES@ANSON 8 Enggor Street #24-01 1 34 Strata 732,600 21547 2002 11-APR-2011 Apartment 99 Yrs From 18/02/2008 Uncompleted New Sale Private 02 07 079718 Central Region Downtown Core

    SPOTTISWOODE 18 18 Spottiswoode Park Road #06-02 1 36 Strata 688,900 19136 1778 14-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #06-03 1 36 Strata 688,900 19136 1778 07-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #07-03 1 36 Strata 694,700 19297 1793 14-FEB-2011 Apartment Freehold Uncompleted New Sale HDB 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #07-02 1 36 Strata 694,700 19297 1793 09-FEB-2011 Apartment Freehold Uncompleted New Sale Private 02 08 088642 Central Region Bukit Merah

    SPOTTISWOODE 18 18 Spottiswoode Park Road #08-03 1 36 Strata 700,500 19458 1808 09-FEB-2011 Apartment Freehold Uncompleted New Sale Private 02 08 088642 Central Region Bukit Merah
    Where do you find these listings? Are they developers' sales? I would like to consider but don't understand the dates eg last listing - 9 feb 2011? is 1808 psf? then what is " 19458"

    sorry to ask newbie questions.

  14. #224
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    Quote Originally Posted by sunny88
    Where do you find these listings? Are they developers' sales? I would like to consider but don't understand the dates eg last listing - 9 feb 2011? is 1808 psf? then what is " 19458"

    sorry to ask newbie questions.
    Yes those are developer sales, 1808 psf / 19458 psm.
    All boats already long gone for low quantum units

  15. #225
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    Quote Originally Posted by dtrax
    Think 350+sqft should be the acceptable norm. Most 1 rm in CBD around 4xx-599sqft in CBD. So far onie 2 developments - skysuites n spottiwoode 18 has 350-399sqft category comprising of only 300 units in entire D1-D2. But again boat long gone, many units were sold for around 700k+ for this category of MM in this area. These are the ones that can rent for a solid 3k p.m as compared to those 1mil - 1.2mil range CBD 1rm renting from 4-4.5kp.m range.
    At show flats, V on shenton $1.05 to 1.2m quantum (440sfeet) and Skysuites $950k-1.05m quantum (350-400sfeet) still available.

    about 4% yield still achievable for these units, those who bought earlier easily 5% yield.

  16. #226
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    Spottie better as it is FH given the place (existing container port) will only start to develop in 20 years time with waterfront work, live and play concept.
    Quote Originally Posted by ekl2ekl2
    At show flats, V on shenton $1.05 to 1.2m quantum (440sfeet) and Skysuites $950k-1.05m quantum (350-400sfeet) still available.

    about 4% yield still achievable for these units, those who bought earlier easily 5% yield.

  17. #227
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    Southern Waterfront City

    In the longer term, a new southern waterfront city will extend from Marina Bay along the waterfront from Keppel Channel, through Telok Blangah to Pasir Panjang Terminal. After the relocation of the existing City Terminals and Pasir Panjang Terminal, 325ha and 600ha of water-front land will be freed up respectively. The land will subsequently be redeveloped to provide new commercial and housing developments.

  18. #228
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    Quote Originally Posted by DC33_2008
    Southern Waterfront City

    In the longer term, a new southern waterfront city will extend from Marina Bay along the waterfront from Keppel Channel, through Telok Blangah to Pasir Panjang Terminal. After the relocation of the existing City Terminals and Pasir Panjang Terminal, 325ha and 600ha of water-front land will be freed up respectively. The land will subsequently be redeveloped to provide new commercial and housing developments.
    Many here will be too old by than to really see the transformation...

  19. #229
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    Just buy FH property and passed on to next generation. They will be grateful to u.
    Quote Originally Posted by fiat500
    Many here will be too old by than to really see the transformation...

  20. #230
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    So if future Tajong Pagar waterfront so attractive, shouldn't all the LH Skysuites MM <1m LH Altez MM 1.1-1.2m units get snapped up by now, but such units still available for sale.

  21. #231
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    by 2030, these leaseholds would have had another 17 years ticked away lor.

    Quote Originally Posted by ekl2ekl2
    So if future Tajong Pagar waterfront so attractive, shouldn't all the LH Skysuites MM <1m LH Altez MM 1.1-1.2m units get snapped up by now, but such units still available for sale.

  22. #232
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    Quote Originally Posted by DC33_2008
    Just buy FH property and passed on to next generation. They will be grateful to u.
    That is provided they will take good care of u when u are old n weak..

  23. #233
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    Quote Originally Posted by ekl2ekl2
    So if future Tajong Pagar waterfront so attractive, shouldn't all the LH Skysuites MM <1m LH Altez MM 1.1-1.2m units get snapped up by now, but such units still available for sale.

    no more lower quantum altez la, unless through subsale needing large upfront!
    anyway these 2 are just next to mrt and glucoland launch should help with psf, along with rental yield in the near term. original investors will have divested again elsewhere before the waterfront value realises.

  24. #234
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    Quote Originally Posted by bargain hunter
    by 2030, these leaseholds would have had another 17 years ticked away lor.
    Just calculating, if assuming 3.5k/mth, in 17 years when the so called waterfront comes into the scene, gross intake 680k (with vacancy period).
    Let say prices drop 50% for these LH condos from 1m to 500k , at least still positive balance for those owners

  25. #235
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    Quote Originally Posted by lifeline
    no more lower quantum altez la, unless through subsale needing large upfront!
    anyway these 2 are just next to mrt and glucoland launch should help with psf, along with rental yield in the near term. original investors will have divested again elsewhere before the waterfront value realises.
    Yes, Altez subsales still available. Skysuites still not officially launched though soft sales for 2 years. Strange situtation.

    You are probably right, there will be a few cycles even before the waterfront play comes into place. Even without waterfront, the new TP developments will be leading the pre-waterfront plays. 100AM just opened, areas there already lifted. As some forumers have suggested previously, a cineplex within CBD may well be icing on the cake.

  26. #236
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    Quote Originally Posted by ekl2ekl2
    Yes, Altez subsales still available. Skysuites still not officially launched though soft sales for 2 years. Strange situtation.

    You are probably right, there will be a few cycles even before the waterfront play comes into place. Even without waterfront, the new TP developments will be leading the pre-waterfront plays. 100AM just opened, areas there already lifted. As some forumers have suggested previously, a cineplex within CBD may well be icing on the cake.
    is there a cineplex in marina sands? would be a good idea to have one there.

  27. #237
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    Quote Originally Posted by august
    is there a cineplex in marina sands? would be a good idea to have one there.
    Not in Marina sands.

    Golden Village is at Marina Sq and Eng Wah at Suntec,

    Slightly further will be Shaw at Bugis and Greatworld city

    Maybe a cineplex for foreign language or award winning arts films in CBD

  28. #238
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    Quote Originally Posted by ekl2ekl2
    Not in Marina sands.

    Golden Village is at Marina Sq and Eng Wah at Suntec,

    Slightly further will be Shaw at Bugis and Greatworld city

    Maybe a cineplex for foreign language or award winning arts films in CBD
    Marina Bay Sands would be a good place to host international or gala events. Having a cineplex there makes sense, not to mention bringing in human traffic too.

  29. #239
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    There will be 3 malls there by ~2016 in TP area, there should be a slight chance one of the malls will have a cineplex

  30. #240
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    Quote Originally Posted by dtrax
    There will be 3 malls there by ~2016 in TP area, there should be a slight chance one of the malls will have a cineplex
    100 AM already livened up the area quite a bit, imagine what 3 malls and cineplex will do.

    The Old TP Plaza, HDB, conservative houses, new hotels, new condos, new business complexes, so many eating places in the vicinity etc, quite an interesting mix of new and historic part of singapore.

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