Greeting to you and No offence, in my reply.
Taking two lifts changes is not a measure of security or rather it is the composition of the mixed development and layout. If you have viewed Burlington Square, then, maybe you would not write such a comment or like you say - skewed. You can reach the apartment from the carpark directly.
You are right that the current quarter URA rental for the 75th - 100th percentile is higher in The Bencoolen and let me share a little information with you. The Bencoolen was developed by Hong Leong and I was one of the people trying to buy one at the time, but an investment company bought it wholesale except one unit. Currently, this investment company still holds some units and they, being having deep pockets don't lower rent and note that they provide maids and cleaning services and so the rental is higher. If units at Burlington Square provides the same service, don't you think that the rent will be higher. Also note that in statistics, we ignore the highest and lowest as freak result. That is background to you.
The real comparison is the resale price. In the latest from URA, the unit goes for 1050 psf as of last transaction in April 2010 and no more transaction since then. The Burlington Square last transaction was 1191 psf done in June 2010
Ultimately, where you buy is a choice that a buyer make and even the worst property will still be transacted at its appropriate cost. We all defer in our views or else, the world will be mono colour and we will all buy the same brand of car. I wish you well, if you are buying in the area.
Originally Posted by Hexx