Anyone staying in this condo, if so, could you pls give some advice abt this project..tia
Anyone staying in this condo, if so, could you pls give some advice abt this project..tia
Hi stirge88,
This is really nice property investment opportunity. If you are looking for apartment rentals or property resale in Bedok area this is good deal for sure.
Check this for more details on Aquarius condo sale.
The price for this condo has increased exponentially!Originally Posted by valariewood18
Demand for this place is great, especially with International Schools like NPS and UWC nearby.
View from blk 17.
Hi ken1970
I remembered viewing the penthouse unit of blk 17 many years back, i think it was stack 03, and the reservoir view was panoramic. You must have taken it from mid floor?
A view of bedok reservoir .
Yes level 10.
Originally Posted by buttercarp
AQUARIUS BY THE PARK was a hot property in 1996. My relative Q overnight to buy. It was selling around ave $900psf at that time. More than 60% of the buyers are HDB upgrader at that time.
The price went down hill after the 1997/98 asia financial crisis. It was selling @ 380psf in 2003. Today, the price manages to move closer to the 1996 $900psf price due to the future MRT line. It took almost 15 yrs to come close to $900psf. They are still losing $$$ in this property investment if you include the mortgage interest & property tax they paid over 15 yrs.
I believe there are a few property bought b4 1997, They are still underwater
So be very careful. Property Investors NOW who are willing to develop patience will reduce their risk and increase returns.
Tenure
99 Yrs FROM 1996
District / Planning Area
D16 / Bedok
Completion
2000
Number of units
720 units
Indicative price range / Average*
$718 - $1,019 psf / $887 psf
Parc Oasis is another one I think...
Do you know the land cost + construction cost of Aquarius?Originally Posted by cbsh38584
One of the central argument that properties cannot drop a lot is that today's land cost + construction cost is so high today.
so if land cost + construction cost of Aquarius > 380psf, that is one counter example.
as a side note, if land cost + construction cost < 680psf and developer selling at 900psf. that is a whole lot of profit for developer.