The challenge is how to move the rest ...
Ride at your own risk !!!
Lowest psf for J Gateway is 1239psf and highest is $1774psf. I would say this project will be at least $100psf higher psf by the time it sell all the unit.
Then again, when Jurong Gateway is fully developed, I would expect property prices there will be on par with RCR price.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
It has to because JLD is the new commercial center. Senseless statement...
However new launch vs new launch same size, near MRT, gap is still very wide. Echelon launch during same time is around $2500psf. Sensible statement. Clearly J Gate has sold at future pricing, likewise Echelon... good luck
High density living in a small plot of land! No doubt it's a good location and next to MRT but no amenities in the immediate vicinity. Perhaps have to wait till the whole Margret Drive area to be developed. My order of preference around that stretch of MRT line would be:
1. Tiong Bahru
2. Redhill
3. Queenstown
“其疾如風,其徐如林,侵掠如火,不動如山,難知如陰,動如雷震”
bro, there is no immediate amenities around redhill MRT either.
if the prices in redhill and Queenstown are the same, I can understand you prefer to redhill. However, if the price in redhill is about 200psf higher than queens town, I would choose Queenstown. Anyhow, redhill is only a white elephant for most people. I still remember there is a report saying than most tenants in red hill come from one-north, which is near to Queenstown.
Should make some sense la when there good news and growth in the area...would u still buy if government announce the plot beside your house will be converted to an airport or a cemetery. .. : )
Just like the soon to be launched Marina One.. because the area there has been targeted as the new city centre..future pricing investors would still buy...
Last edited by Allthepies; 03-05-14 at 11:25.
Redhill is still closer to Tiong Bahru, Tanglin, River Valley and CBD; thus the higher psf.
Queenstown, on the other hand, has greater potential for growth as there are plenty of land for future development. It is a pity that there isn't any commercial development (shopping mall) in that area that's why I rate Tiong Bahru highest among the three.
Why would tenants from one-north want to move to Redhill (unless they work in CBD)? If I'm working in one-north or in the West, then I prefer to stay at Bouna Vista.
“其疾如風,其徐如林,侵掠如火,不動如山,難知如陰,動如雷震”
So Queenstown people don't need to take train to Tiong Bahru or Orchard? (Which one near? From Redhill or Queenstown?) Don't get me wrong, I have nothing against Queenstown, in fact I like all the three locations that I've mentioned.
Talking about Bouna Vista, I would rather put my money there than Queenstown for investment.
“其疾如風,其徐如林,侵掠如火,不動如山,難知如陰,動如雷震”
How's the sales figure so far? Selling or not selling any more?
for redhill, I think you get me wrong. what I mean is that there is insufficient demand from tenants who are working tanglin and orchard due to the fierce competition from condos in holland, orchard and summerset. that's why red hill location is awkward and condos there still look for tenants from one-north and the other west side.
but as you said, buona vista is more attractive to one-north people than queens town due to its direct link to one-north and the surrounding nus, science park, insead, etc. In my opinion, even clementi is more attractive to one-north people than queens town. but the momentum of RCR is there although I do not know how long it will last.
I think it is fair to say that Redhill or Queenstown is more ideal for own stay (that's my personal preference) than for investment. I do agree with you that Redhill condos face direct competition from condos in not only Orchard but River Valley area.
Queenstown is always a popular area and since there hasn't been any new launches in recent years, hence the 'hype' when Commonwealth Towers is launched.
The thing about this project is 75% of its 845 units comprises 1 and 2 bedders which means majority would be buying for investment I suppose? And the plot of land it sits on is simply too small for 845 units.
If I buy for own stay in Queenstown, I'll rather buy Queens resale; if I buy for investment, I'll not choose Queenstown (nor Redhill).
On a side note, It is also interesting to note that there are no private condos at Commonwealth Mrt. That's another good direction and definitely has amenities in its immediate vicinity.
“其疾如風,其徐如林,侵掠如火,不動如山,難知如陰,動如雷震”
Saw this in twitter :
Marie Lam @marielam888 1h
Commonwealth Towers Almost 35-40% sold and still selling.... Call 96858095 for bes http://pic-collage.com/_RneAC37h pic.twitter.com/wogFCbnWO7
Wow market is heating up...good good...
This project is just squeezing out the last bits of liquidity left in the marketplace....actually for the excitement this project originally created, the sales have been somewhat disappointing.
There are 12 more known new launches for this year...I will wait and watch...