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Thread: Paya Lebar Quarter

  1. #11

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    Quote Originally Posted by star View Post
    Too expensive... if u bought at $1700 to $1800psf means u need to sell at minimum $1900 to $2000psf to make a profit. Will it be another reflection at keppel bay?
    Exactly!

    RCR and OCR prices only came down by about 11% since the peak while that of CCR had already crashed by more than 30%. It is a high risk project to invest especially if one is looking for capital appreciation. High chance this project will be under water in the next few years. Why take the risk for this project. Buy CCR instead if one really need to invest now.



  2. #12

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    Quote Originally Posted by star View Post
    Too expensive... if u bought at $1700 to $1800psf means u need to sell at minimum $1900 to $2000psf to make a profit. Will it be another reflection at keppel bay?
    For foreigners $1700 + 18% absd is already $2000



  3. #13

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    Quote Originally Posted by star View Post
    Too expensive... if u bought at $1700 to $1800psf means u need to sell at minimum $1900 to $2000psf to make a profit. Will it be another reflection at keppel bay?
    reflections didn't do well because the high psf is combined with big unit size.

    this project's "high" psf is combined with small sizes. the quantums are "attractive". that's why even a fervent CCR supporter like me thinks this project will sell very well and units are going to be very rentable (even if at low yield, at least easy to rent out).

    the words in inverted commas are because they are subjective.



  4. #14

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    What would be an acceptable rental yield here? 4%?
    $4K for 2 bdrm @ $1.2m? Which may just cover mortgage, property tax and maintenance fee.



  5. #15

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    Quote Originally Posted by Khng8 View Post
    What would be an acceptable rental yield here? 4%?
    $4K for 2 bdrm @ $1.2m? Which may just cover mortgage, property tax and maintenance fee.
    isn't that good enough by current day standards? elsewhere its much worse.

    worst case chop to 3k+ when market is bad and undercut everyone else still can survive right?



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