Originally Posted by
Ed Wong
WOW sub-sale at $1570!
Fareast & Capitaland have been snapping up condos, malls, hotel in the area in the past 1 year!
Marine Point @$1,056 psf ppr
Choa Kim Keat @1,195 psf ppr
They need to launch above $1,650 with construction cost and profit margin!
Katong Mall was bought up and now developed into a brand new upmarket mall!
There will be plenty more upside potential when these new condo are launched?
What is driving these developers on the enbloc spree in this small area?
Is the MRT station just across the road?
Are there new developments in the area that these developers already know that led them to these aggressive investment?