Hi Jaded,Originally Posted by jaded
FYI, I am actually eyeing a subsale unit at southbank. #3x-09, 614sqft, asking price $1050psf, TOP end 09 estimated. I guess it has a downside risk of $800psf in the near term and upside potential of $1300psf in the mid term given that few 1 bedrm units above 30th floor are transacted at above 1.3k psf over at Citylights.
I believe Kallang, Lavender area has more upside in mid to long term especially given the new URA plans.
Sad to say, I already vested my interest in other project early last yr...So, I may not want to overly expose myself with too many investment properties.
I guess investing in prime areas will never go wrong provided u have the holding power to do so. Prime properties already surpassed previous 96 peak price and therefore, even u make the wrong decision to buy during the last peak price, u would already have sold it for a slight profit. However, most mass market condos are still below the last peak...