Quite disappointed .. Didn't get the units I wanted.
Basically this is already sold out, left the high floor bigger units.
Quite disappointed .. Didn't get the units I wanted.
Basically this is already sold out, left the high floor bigger units.
ST report today that only 540 Released?
Me too. When my turn comes, only left 25th floor and above.
The quantum becomes very high and not attractive anymore for rental yield.
I was offered the studio at 1.2m+ plus absd and the 2br at 1.8m+ plus absd.
I am not confident they can give me 4-5% rental yield based on the quantum.
Anyone have the latest on number of units released and Sold?
Location is just part of the equation.
It seems PRICE followed by quantum are the deciding factors here. It will probably only sell 40-50% if launch at 'market' price of 2300psf on average.
recent launch at flora road was sold pretty well too despite much inferior location.
After paying the extra 10% absd, the price will work out to be almost market price. So, this project is a decent buy as developer had genuinely absorbed the absd into the price.
The 1bedder likely to fetch 4-4.5k. Studios probably 3.5k as the layout is far from ideal.
rental of $4k to $5k can be achieved for studio at 1.2m ...
at this location it is possible
I think studio probably get like something closer to 3k. It is just a room without anything. For such layout, I will be surprised if it can get 3.5k.
1 bedder can probably fetch 3.8 to 4k.
And provided rental don't drop. But rental has been dropping for the past few months. Good luck.
Got a unit at duo. Paid ard 1.6k psf. Time will tell if it is a good buy. The location is superb for the price point. The rooms and toilets are good sized. Only gripe is that kitchen is too small.
Is everyone buying for investment? Any self-stayers?
One bedder will be good enough for rental. Direct competition will be fm concourse skyline and further away are citylight and southbank which can offer lower rent with larger area since entry price is lower.
1.6kpsf very good price. Which stack? High floor?
I bought it for investment stack 01 and 06.
I hoped onto the bandwagon as well. Its my belief that the capital gain potential outweighs the rental yield potential. But then again, who would have believed that Southbank studio is able to achieve 3.8k back then?
For me, a 900k studio is fine. But at 1.2m it just does not make sense for me to park 720k, hold the unit for 4 years n hoping to make 100k to 200k or 3.5k rental. The ROI dun make sense at least for me. For investment, I can gain better yield else where. But I can't denial the feel good factor of owning a prestigious project. Haha