881 North Bridge Road #37-09
99 Yrs From 27/01/2006
$1701
614
$1043k
02 Dec 10
881 North Bridge Road #37-09
99 Yrs From 27/01/2006
$1701
614
$1043k
02 Dec 10
Shocking. But thats v v v high floor...
I am not really surprised with good view and near mrt and just outside CBD.Originally Posted by mcmlxxvi
1mil for a 1bedder and not even in CCR...clap clap hoorayOriginally Posted by DC33_2008
How high can it go next year?Originally Posted by devilplate
At least 10 percent by end of next yr.
Recent transaction 1 bedder at citylights can achieved 1688psf.. so nothing to clap clap for southbank 1701psf lahOriginally Posted by devilplate
double clap for both projectsOriginally Posted by Rysk
You are referring to:
6 Jellicoe Road #34-19
99 Yrs From 05/01/2004
$1688
560
$945k
26 Nov 10
High floors with good views are hitting new highs. Good for both projects.
Originally Posted by Rysk
Anyway, next year will see more record breaking price & psf lohOriginally Posted by DC33_2008
I'm interested in Southbank for my own stay. However, after the new measures, some people told me that since Southbank has gained so much since the beginning of last year, there might be a big correction with the new measures. How do you think? Thanks a lot.
SB really increase quite a fair bit....how about further away like dakota residence?? SB better choice if for rental play though...Originally Posted by fcheng
dakota also picked up quite some recently, didn't it?
not as much compared to SB and i believe prices r suppressed at DR partly due to WB constructionOriginally Posted by fcheng
don't expect firesales. rental is quite decent in sb, so the owners can hold.... For firesales to happen, the sellers has to be desperate. I don't see desperate leh?
Depending on when they purchase the unit, some one bedder units can fetch 6% rental yield while the two bedder units can have at least 5% Rental at SB. Even with the the recent two bedder sale at Southbank at $1500psf, new owner can still fetch at least 3.8 - 4% rental yield. Difficult to have fire sale here.Originally Posted by sh
one thing for sure: u wun get to smell firesale from bro DCOriginally Posted by DC33_2008
You too. I hope you are right.Originally Posted by devilplate
But the question is whether the rental is sustainable? 4.5K - 5K monthly rental for two bedder units ... I have more and more expatriate friends moving to less expensive places. Two years ago, the rent was around 3.5K, USD/SGD was above 1.5 and EUR/SGD was above 2. Now USD/SGD is below 1.3, and EUR/SGD is struggling with 1.7 ... So expatriate market should be around its upside unless we get more and more Aussie friends here after the flood. For local rentals, I'm not familiar and your advice is much appreciated.Originally Posted by DC33_2008
Tenants' profile may be different here. They may be working in the financial sector, ie. suntec, shenton and marina bay area.Originally Posted by fcheng
I'm working in banking sector. On one hand, which is good - there are more and more expatriates from US / Europe these days; on the other hand, which is not good - if the rental (normally covered or partially covered by the employer) is keeping this level and SGD is getting stronger, with the planning to increase GST, Singapore will become less and less attractive than HK from the employer point of view ...Originally Posted by DC33_2008
and den SG become hero to stop hot monies....1bil comes in..retain 10pct aso shiok rite? heheOriginally Posted by fcheng
I thought employment in banking sector is tight. Reports of bankers getting hefty pay rises galore...Originally Posted by fcheng
Great for landlords leasing to bankers....
881 North Bridge Road #27-12
99 Yrs From 27/01/2006
$1659
904
$1500k
27 Jan 11
881 North Bridge Road #18-12
99 Yrs From 27/01/2006
$1548
904
$1400k
25 Jan 11
881 North Bridge Road #21-08
99 Yrs From 27/01/2006
$1430
958
$1370k
13 Jan 11
881 North Bridge Road #22-08
99 Yrs From 27/01/2006
$1441
958
$1380k
05 Jan 11
prices on par with river valley
Good for CL too.Originally Posted by devilplate
My friend who bought at $1000psf just sold to one Indonesian young couple at S$2000psf, record price !
100% profit!Originally Posted by TOP
But assuming his DP only 20% - his returns are 500%!!
sure anot 2kpsf ?? for southbank?? abit too much la....clift only 20xxpsf....hahaOriginally Posted by TOP
such a good lobang! i love foreigners....why i cant smell them
developer launch price 7xx-8xxpsf nia i tink....hahahaOriginally Posted by mantrix