Originally Posted by
Shawn
Hmm Thomas is truly amazing he finds enjoyment in finding other people flaws. Not all transactions are recorded in ink, so as rental transactions at Aristo. There are real offers with cheque at $1780psf but owner delay dally end up the transaction did not go thru.
For your info, already more than 9 units at Aristo have already been rented out from a minimum average of $3.5k to $5k. This annual return is definitely very high at around 5% returns to investment. In addition, 25 units are for stay many have already shifted while some still under reno.
That means only 22 units left for either stay or sell. Unfortunately, many of the owners at Aristo are stuck with the 3 year levy if they wanna sell now, so there are still about 8-10 units looking for rent. That means only about 12 units are for sales, or perhaps owners still undecided about selling or renting especially with the current weak market.
In addition, no idiot will want to sell now especially when the ERL line announcement is around the corner. No doubt the announcement coupled with government future plans for east coast will boost up the price psf for Marine Parade area in the long run.
What about the part you talk about >$2k psf?
If all not recorded, then does it mean you are free to write your own script to sell?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."