Originally Posted by
Shawn
Sourgrapes always have things to comment about as usual but as I mentione& apreciated by more than 70%. Now enjoying 6% rental yield. aristo is still not completed & price has gone down when i saw it then.d The Aristo has already crossed $1550psf in its latest transaction for the 807 sq.ft unit. The last shown on URA caveat is for the 646 sq.ft (Stack 3) unit low floor which has been transacted at $1480psf. Please check if you dont believe me.
Judging by the usual trend prior to TOP, The Aristo should have another appreciation of 20-30% from its highest psf prior to TOP. If we take $1500psf as the average last, this would translate to an estimated $1800-$2000psf on average after 6-12 months TOP date. This is not surprising as The Aristo is located on the best site in that Amber Road stretch. Its situated just across and beside the newly refurbished Chinese Swimming Club as well as a small meditational temple which are both low floors. As such, The Aristo becomes an iconic building in the whole stretch of Amber Road due to its relatively larger space between buildings and its strategic location.
Between Silversea and The Aristo, there will be the construction of a new road cutting into both. Silversea will have a back exit/entrance, so as The Cape and The Aristo. The new road itself will take up quite a bit of space and its highly unlikely there will be any new development stacked between these 2 buildings. Very highly likely is a park, an empty garden stretch or a possible entrance to a new mrt line, or a carpark for visitors as most new condos here dont have enough parking space. Even if there were to be a new condo, it wouldnt affect the seaview for Stack 2 and 3 at The Aristo, except for Stack 1 and 4.
If that plot of land has been empty for more than 50 years since the old HUDC apartment there, what in the world are u hallucinating about ?? A new HDB block or condo stacked in the middle of nowhere?? Anyway, price of new condos are expensive in Amber not because of seaview but the good location near to beach and other ameneties (shopping, schools etc).
And with regards to The Aristo seaview, I have managed to go up personally to the club floor on the 14th storey, and I know what I am talking about. Stack 2 and 3 have the best views as the sea stretches from the old Bigsplash to Fort Road, and its quite a generous seaview. In addition, these stacks also have good city views from a small angle. Needless to say, if your unit is above the club house floor, the view will be spectacular. You cannot compare The Aristo seaview with The Seaview, The Cape, One Amber, The Esta, Amber Residences, Suites @ Amber, 16 @ Amber seaviews cause The Aristo seaview is much much better. But The Aristo seaview is definitely not as good as Silversea or The Aalto, but its good enough to generate buyer interest.