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Thread: Duo Residences,99LH, M+S Pte Ltd [Ophir-Rochor]

  1. #1031
    Join Date
    Nov 2015
    Location
    Duo Residences
    Posts
    261

    Default

    Martin Modern $1,239 psf PPR is now transacted at ~$2,200 psf (max $2,484)
    Beach Road site $1,706 psf PPR will be sold from ~$2,700 psf onwards (circa 2022 TOP)

    In Sept 2017, according to URA caveat lodged, a high floor (47th floor, 1927 sqft) 4 bedder unit at Duo is transacted at $2,189 psf.

    My point is, there is headroom growth for at least $500-$600 psf for Duo Residences in the next few years even we are at a long U shape recovery of 1-3% CCR growth past 2020. Those multiple units investors who bought at $1,600 psf back in 2013 will enjoy even more capital appreciation.

    So again, why sell now?

    2 cents,
    PropVestor



  2. #1032
    Join Date
    Nov 2008
    Posts
    2,295

    Default

    Not everyone is in a good financial position. Some might be in severe debts or just lost the job without any savings. There are always such people around. That is why the price is always determined by the weakest owner.



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