haha, I see alot of voices over whether it make sense to invest in this project or not. Well, if you are looking at the needs of a normal family profile (which is the most common in Yishun area), of course 1 bedder has no market demand at all. Who would want to squeeze in so many people in 1 bedder? Absolutely right and I agree.
However, we must not forget a group of bachelors and bachelorettes who are now currently staying with parents / siblings and who are also actively finding a place of its own privacy. If they turn to prime district area, its gonna cost them at least 4 to 5 times the price of Estuary. Not everyone can afford. This group of people are growing according to statistics, alot of people are not getting married nowadays.
This project is not that screwed in my pt of view. Though it is not damn near to the mrt, but still within walking distance, also with bus stops serving many buses to central. It has unblocked view. It has all the amedities as Yishun is a mature estate and I also see many job opportunities here in the near future. 1 bedder in Estuary compared to those prime district 1 bedder in terms of size is still consider bigger. It is ard 600sqft compared to those studios in prime district area that are even scaled down to only 300sqft. The layout is still decent for anyone who live alone.
Not everyone will look for 2 bedders if they find 1 bedder is enough to cater for their basic needs. In Estuary, 1 bedder cost below 500K while 2 bedder cost ard 800K. Its 300K difference!! my friend. You think all companies will accomodate you alone and spend so much money to pay for 2 bedder rental where 1 bedder can already satisfy the basic needs of a person? Anyway, different companies have different accomodation plans for their employees and theres no need to argue on this.
I'm hearing loud and clear with complaints abt the small room size in Estuary. Anyway, it happens to any condos. Its not something new anymore. In today's ST, a married couple with kids stay in Yishun 5 room flat. Why do they have to downgrade to a smaller room size and pay near 1 mil for Estuary 3 bedder? It is the quality of living they are looking at. They even tell the reporters that the price is reasonable.
Sometimes things just don't make sense. If we analyse things with formulas and equations, you will never take the first step.
Like the "Vision" thats gonna launch somewhere near West Coast highway, is already asking for $1100psf. Does it make any sense to you? Centro asking for $1200psf (used to be the price near Orchard area) in the suburd amk, does it make any sense to u as well? Well, if there are buyers, it still make sense.
I drive past west coast area before, damn ulu also. So by comparing, I see more potential in Estuary.
But things are quite hard to say, I won't be surprise if the vision has smaller room size and is selling at a higher $psf price and is selling like hot cakes....because...... anything..... can.... happen.
Cheers