hahahaha you are right. Definitely too bored today... fired up with posts today.Originally Posted by devilplate
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Agents have started gathering interest for the 68-unit Dorsett Residences, and they say it could be previewed at the end of this month. The six-storey project will have one, two and two-plus-one bedroom units, starting from 484 sq ft in size. Prices are said to be in the region of $1,700-$1,900 psf.
According to agents, residents will be able to tap on concierge services from Dorsett Regency Hotel next door.
Tang Group's website provides more details. It says the 10-storey hotel will have 285 rooms, a swimming pool and a landscape deck. The entire hotel-residential development will have a direct link to Outram Park MRT station.
Tang Group is headed by Dennis Chiu, of the Chiu family that used to run the former Tang Dynasty City in Jurong.
The firm bagged the hotel site through a state tender which closed in September last year. Zoning guidelines allow developers to set aside as much as 40 per cent of a hotel site's total floor area for commercial and residential uses.
Cushman & Wakefield managing director Donald Han believes that Dorsett Residences should be popular, given its location. He suggests that medical tourists who frequent Singapore General Hospital nearby may consider buying units for their own occupation when they are in town.
He adds that for developers, hotels are a longer term investment compared with homes. Developers would be able to recover some capital more quickly by incorporating and selling residences in hotel sites.
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Look at those in red, not I say one.
But here's what I have to say
1. Tap next door = you pay for your next door neighbour who come and go.. haha. Share Share lah... pool, gym, everything. You be their anchor customer. Cash cow captured and house there to milk milk milk.
2. Very bad experience for investors there at Txxx .. very messy, all gone.
3. Medical Toourist? its a sick place alright... already intending for the sick.
4. Cash flow problem lah... all condo or all hotel is better... who woul want to mix it up when they can help it? Red flags to wach out for. Beware. need to get mony quickly somemore. WTF? Belly up later? Who knows?