Why people buy boutique developer projects

**carbuncle** · 22-11-12, 12:01

Since there is a thread for the big boyz i reckon support the underdogs a bit also to balance it out.

eg boutique (small) developers

SCGlobal
TEE holdings
Fragrance/WCL
Macly
Oxley
Roxy
(no theres no Oxy yet)
Pinnacle
Fission

Discussion is now OPEN.

**carbuncle** · 22-11-12, 12:03

I start.

One reason: Usually projects are small. So less crowding and wear and tear of common facilities/areas.

**Shanhz** · 22-11-12, 13:39

Originally Posted by carbuncle

I start.

One reason: Usually projects are small. So less crowding and wear and tear of common facilities/areas.

maintenance fee is the downside. too high.

**virzone** · 22-11-12, 14:07

Originally Posted by Shanhz

maintenance fee is the downside. too high.

usually they have freehold status.

**cnud** · 22-11-12, 14:08

Originally Posted by Shanhz

maintenance fee is the downside. too high.

Agree. Maintenance fee is the main consideration.

Another is the lack of facilities in boutique developments.

Volume is not there for comparison when selling.

**leftfield** · 22-11-12, 14:27

Location. If u are looking at areas like Siglap or Telok Kurau, it's almost impossible to find anything there new by the the big boys.

Only the small developers are interested in the small plots of land that comes out every now and then to build small small estates.

**bakasa2002** · 22-11-12, 14:41

Originally Posted by leftfield

Location. If u are looking at areas like Siglap or Telok Kurau, it's almost impossible to find anything there new by the the big boys.

Only the small developers are interested in the small plots of land that comes out every now and then to build small small estates.

Flamingo Valley is the only new one in that area ...

**leftfield** · 22-11-12, 14:48

Originally Posted by bakasa2002

Flamingo Valley is the only new one in that area ...

Got lah, Siglap V just to name one.

**nalimakk** · 22-11-12, 15:08

yess i do agree they have free hold status..!1

**nav14** · 22-11-12, 15:17

Why I will not buy boutique developments:

a) mostly built by 3rd class developers so quality highly suspect.
b) maintenance will be high
c) unless it is very classy, most tenants will prefer medium sized developments with decent facilties, pool sizes.

**radha08** · 22-11-12, 15:22

same reason why people go boutique buy clothes...

**sherlock** · 22-11-12, 17:02

Originally Posted by radha08

same reason why people go boutique buy clothes...

Wah lao eh!

**Pikachu1245** · 22-11-12, 18:58

Originally Posted by nav14

Why I will not buy boutique developments:

a) mostly built by 3rd class developers so quality highly suspect.
b) maintenance will be high
c) unless it is very classy, most tenants will prefer medium sized developments with decent facilties, pool sizes.

Nontheless, some buyers are attracted by the FH status and affordable quantum.

Moreover, these units have been selling rather well in recent years?

**Kanarazu** · 22-11-12, 20:06

Originally Posted by carbuncle

I start.

One reason: Usually projects are small. So less crowding and wear and tear of common facilities/areas.

Yep. Dictionary definition of boutique means small and exclusive.

**Shoeboxsupporter** · 22-11-12, 21:02

Originally Posted by carbuncle

Since there is a thread for the big boyz i reckon support the underdogs a bit also to balance it out.

eg boutique (small) developers

SCGlobal
TEE holdings
Fragrance/WCL
Macly
Oxley
Roxy
(no theres no Oxy yet)
Pinnacle
Fission

Discussion is now OPEN.

Boutique Developers produce Most of the MM........I like MM.......

**bakasa2002** · 22-11-12, 23:44

Originally Posted by leftfield

Got lah, Siglap V just to name one.

I meant by the big boys... Perhaps can add seawind, the sound to the list. Grand duchess...

**price** · 23-11-12, 01:15

Many boutique developments have low maintenance. it's a misconception.

**Ringo33** · 23-11-12, 02:00

Originally Posted by nav14

Why I will not buy boutique developments:

a) mostly built by 3rd class developers so quality highly suspect.
b) maintenance will be high
c) unless it is very classy, most tenants will prefer medium sized developments with decent facilties, pool sizes.

* lack of parking space,
* when development is old, the place will be run down as residents are not willing to pay for repairs
* no feeder service to MRT station

I think most people buy such development is because they want to stay close to their kampung but couldnt afford landed property.

**chestnut** · 23-11-12, 05:16

Originally Posted by sherlock

Wah lao eh!

Bro, don't know whether Radha joking or not, but I feel it is true... I stay in boutique condo... Fewer than 100 units...

Maintenance is a lot higher
There are a lot less people fighting to use facilities
U bump into less people

But for me, shiok... I don't get to hear kids screaming at the swimming pool... It is so serene and quiet... Just like the little stretch of Pasir Panjang.... All low rise... So quaint.... Diff strokes for diff people... If not, no one will stay in Pasir Panjang.. Hahahahaha

Buy only if u can afford to pay the monthly maintenance.... It is like buying an SUV, buy if u can afford the gas...hahahaha

**chestnut** · 23-11-12, 05:19

Originally Posted by Pikachu1245

Nontheless, some buyers are attracted by the FH status and affordable quantum.

Moreover, these units have been selling rather well in recent years?

Bro, where got cheap?? Can name me 2 boutique condo which is cheap??

Look at the village?? Where got cheap??

I bot my boutique condo cheap because at that time, market was bad... If u compare with other development, not cheap leh?? And it was built by reputable developer...

Cheers....

**chestnut** · 23-11-12, 05:23

Originally Posted by price

Many boutique developments have low maintenance. it's a misconception.

Huh? If maintenance low, please be careful.... Because sinking funk small.... So in event of major upgrade, etc... All units have to folk out a lot of cash... We just went thru 1 round last year... Hahahahaha

**aunhyunty** · 23-11-12, 06:49

High rise look like hdb, no private feel. Low rise near landed feel more exclusive. Also feel more like holiday resort. Peaceful....quiet... agree with high maintenance fee is the killer.

**auroraborealis** · 23-11-12, 09:36

haven't seen a 10-yr old small boutique development that's well maintained; most degenerate v.quickly after the 1st years

**carbuncle** · 23-11-12, 10:04

u havent looked hard enough.

http://condo.singaporeexpats.com/con.../CHELSEA-LODGE

very well kept

**sherlock** · 23-11-12, 10:28

Originally Posted by carbuncle

u havent looked hard enough.

http://condo.singaporeexpats.com/con.../CHELSEA-LODGE

very well kept

Bro this one no facilities one...

**Ringo33** · 23-11-12, 10:37

Originally Posted by auroraborealis

haven't seen a 10-yr old small boutique development that's well maintained; most degenerate v.quickly after the 1st years

Always the case. For example if the pools or playground needs repair, those who dont use it will not want to pay, so AGM sure got argument.

**Ringo33** · 23-11-12, 10:40

Originally Posted by sherlock

Bro this one no facilities one...

if no facilities, might as well live in HDB.

**Trigger** · 23-11-12, 11:12

To diversify your portfolio? For those who have a portfolio in the first place

**Ringo33** · 23-11-12, 11:48

Does anyone know hows the rental yield of these small development?

**price** · 23-11-12, 11:50

Originally Posted by chestnut

Huh? If maintenance low, please be careful.... Because sinking funk small.... So in event of major upgrade, etc... All units have to folk out a lot of cash... We just went thru 1 round last year... Hahahahaha

I'd have flipped it before that

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