think u r mistaken bro,
http://www.cdl.com.sg/Evelyn/floorplans.html
only 15xx sq ft for 3 bedders. should be another project with different sizes for 3 bd? like your favourite trilight or something?
Sorry typo ... i meant the 3bedroom units of 15xx sqft... actual usable space is really not much.
Some other FH condos of 9xx sqft 2 bedroom and small balcony have better layout..
all in all ... R@E looks nice on outside .... i go there becos my friend has 7 units there (hahahha )
i probably wont live there ...
No u mistook what I meant. I meant diff type of 3bd, both around 15xx sf, but one type with a much higher PRICE. I think it's the 1528 type, with a quiet facing, seldome traded. I was offered 1550psf back then, so not really ex, today should still be profitable.
Btw this project got deferred payment, so prowd owner friend after all may not lose that much of opportunity cost...
errr they didnt take loan .....
the bought same stack .... different floors .... the stack that was 'highly recommended' by the developer ....
for some reasons i dont know what they are, the last 4 years ... so difficult to find tenants.
They spent quite a bit on ID...yet one of the units, the current tenant like the facing, but no the ID, requested to 'undo' the ID...
not that they pay higher rent, in fact lower. in order to' grab' the tenant, they spent some money to undo the ID...
I advised him not to take that tenant but he went ahead ...
imagine once this tenant moves out, his unit is 'BARE" .. which probably cant command a good rent despite having premium facing ...
really stupid friend i have lol ....
Your friends seem to have deep pockets. No loan for units costing $2mm+?
It's perhaps the proximity to amenities like supermarkets, eateries, shopping that didn't entice much tenants to that development. Tenants would prefer the Novena side or if they really want exclusivity, the main Newton area.
Those condos just next to United square or Novena square will find tenants faster (Park infinia, Lincoln Suites, Viva, Soleil )
R Evelyn good for own stay. tucked inside the main road and next to landed. One of the main reasons in the past few years was the noise, first it was Newton One, then Trilight then Gilstead constructions. Noise and dusts
Now it is better since most condos around done up and newton interchange ready
Think it was launched at around 1200-1300pfs
Another loss making transaction at R@E....
21 Mar 16 17 Evelyn Road #21-06 2,250 1,600 17 Mar 10 1,700 -225,000