Originally Posted by
reuters
I don't know where your reference of Aristo came about because I never said I will buy Aristo at 2,000psf. I already have a nice unit around the region in discussion and my personal feel is that if it is a really good unit (high floor, good view, etc), 1,500 to 1,700psf is a good buy for a freehold since Silversea is already 1,700psf even though it is a 99-yr leasehold project. Your reference to District prestige does not necessary equate preference. I asked my tenant why he chose Marine Parade over Newton and he just said it was really very convenient to travel to work. My appreciation theory is by demand/supply. If there is continued demand, the market will not be that badly hurt even if they is a surplus of units over the next 2 years.
With a similar budget of 1,500 to 2,000psf, it is true that we can possibly find something in D9, 10, 11, but what type of property are we talking about? I have seen some at 2,200psf in Newton, Bukit Timah area with obscenely stupid layout and not much of a view, let along a short walk to a beach. Besides for price appreciation, we also need new things to happen around the area. What is new in D9, 10, 11 over the next few years? The East and South on the other hand have huge projects including the Gardens by the Bay.