Quite disappointed .. Didn't get the units I wanted.
Basically this is already sold out, left the high floor bigger units.
Newbie
Quite disappointed .. Didn't get the units I wanted.
Basically this is already sold out, left the high floor bigger units.
Senior
Chinese, indonesian or malaysian will grap them.Originally Posted by ichigo55
Junior
ST report today that only 540 Released?
half beast half freak
the prob is, when not enuff vit m, we bobian settle for a lousier loc, but den still nid to psy absdTotally agreed. It's all about location again.
And DUO also tells me one thing: It's not that buyers can't afford to pay ABSD. It's where they are WILLING to place them.
Great location + great concept + majestic design + bountiful amenities + government's major growth plans for its immediate vicinity wins the day again.
Sigh... If only I am given a few more years to accumulate more Vitamin M. Then can buy DUO. Hardly any substitute goods for DUO at the same prices liao...
Newbie
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.
Junior
Anyone have the latest on number of units released and Sold?
Senior
Unless it can fetch rental rates like the clift.
Newbie
its hard to gauge like that... for all u know when ppl see duo they also wont mind paying alittle more for to have the experience.
Junior
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.
Senior
Possible and also depending on prevailing rental rates at concourse skyline, southbeach, etc.
Newbie
The rich buy for status not for rental.I like it I want it I get it .
Junior
Cannot say the same for those who bought 1/2bedders. Nothing to be proud of to show your guest a small unit.
Newbie
Haha, bro I know u are teasing me.
Wait for Chermont to pull up the overall D1 property and we huat together.
Junior
The 1bedder likely to fetch 4-4.5k. Studios probably 3.5k as the layout is far from ideal.
Junior
rental of $4k to $5k can be achieved for studio at 1.2m ...
at this location it is possible
Junior
If clermont res were to launch from 3k psf as per speculation prices, doubt it will sell well. 2500psf for 40th floor will see pretty good response.
Junior
Go get altez or skysuites, location also just as good with plenty of amenities nearby..
Valued Contributor
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.
Junior
Guru has spoken. I didn't buy.
Junior
Good analysis, at 1.2m u need to rent 5K for your studio unit to achieve 5%ha Singapore need massive lot of high paying FT to get that. ...
Fundamentally it is not a good buy, but technically it may be
Newbie
You are likely to be right that they "absorb" the ABSD by offering at 10% less than expected launch price. Studios at 2 to 2.6pfs not exactly cheap. The bigger units were sold relatively cheaper.
Newbie
If you have gotten the 420sfeet studio bet 900k to 1.1m, 4-5% is still possible.
Newbie
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?
Senior
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.
Newbie
1.6kpsf very good price. Which stack? High floor?
I bought it for investment stack 01 and 06.
Newbie
for me this project .. the rental yield is a bonus ...
the capital appreciation of such unique project is next to none.
cbd studio is already achieving around $4k rent .. so I assume similar for this project .. problem is 1bed, 1+S would be in the same cat?
Newbie
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?
Senior
But southbank studio/ 1 bedder is much bigger.
Junior
That's why the studio units were not as hot as anticipated when sale started. Of cos by now all gone.
Newbie
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
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