u have to stand in a tenant shoes and view it. yes Duo is nice and newer. but for it to be decently break even rental studio have to go for ard $4K. depends on interest in 2017. Which can only be higher than now.
So if u are a tenant that is renting a studio. usually means is mid managment. budget is typically 4K.
So if a South bank can go for rental of 3500-4K while a Duo 4K-4.5K and the Southbank unit being bigger and top floor view is no less worst off.
a 500-1K saving for the tenant can be a deal breaker.
If interest rates move up. the Duo owner yield will be cash negative possibly.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
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But current Southbank studios/1roomers high flr asking 2000-2200pfs bet $1.25-1.4m, quantum not much diff from Duo 1 roomers. In addition, shorter lease remaining, plus some views will likely to get blocked when surrounding HDBs get rebulit, plus new PCs coming up in the area.
So in theory, would Southbank still represent a better buy than Duo right now or both also land up with cash negative?
No la. You can still get stack 6 around 1M or Citylights studio at the same price too. So if you get SB or CL at 1M, and collect rental for 3.5 to 4 years, it is much cheaper than Duo. But of course, the location is not comparable. Duo is in a superb location. And Duo studio layout is crap.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
It's co-developed by single most powerful corp in the country. It will become landmark building after completion given its location, mixed use concept and designer look. It's in a totally different class than majority of the condos. All these factors will contribute to make the filthy rich want to buy one here as a symbol of having taste or showing off whatever. Do they use a calculator to do up the projected rental yield or capital gain? More unlikely than likely. But I can sense those who buy will win big time, as it's a once 10 year thing. Given it's rarity, it will surely appreciate all the way to most north. That's why you become richer and richer when you are rich. Look at Jackie Chan's Singapore real estate portfolio then you will have a hint.
The rich who dun press calculator will not be interested in small unit either.
For feel good rich people, they go for the bigger units.
Prices adjusted upwards between 5-10% for those units, and were subsequently immediately balloted off again at these higher prices, hat were returned, now left 3-4 bed big units. The last I heard about 58 units left
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
they may not be womyn from the way they stand & size of their soleus
Does anyone have any news on which hotel group will manage DUO? All major 5 stars hotel already in Singapore so wondering whether it will be a new hotel brand or existing brands
First penthouse sold today.
Does anyone has any update on this project ?