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Thread: Sterling Residences at Sterling Road- Launching Soon

  1. #6

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    Looks like a nice project, but i am concerned about over-saturation in that general area. you will be competing for the same tenant pool as commonwealth towers, queens, queens peak, alexis, anchorage, margaret ville, tangling view, echelon, artra, alex residence, metropolitan, ascentia sky, the crest, principal garden.

    That's more than 8500 units in total from above mentioned condos all within close proximity. Any thoughts?


  2. #7

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    You pretty much answered your own question. As an investor not for own stay, maybe you got to look harder at other nearby resale projects which might give you better proximity to transport nodes to give your tenant pool an edge over others. Stirling is not exactly that close to the nearest MRT but it has some height-facing advantage.

    I find ARTRA to be slightly ahead of the game if comparing new projects vs pricing if you die-die need to invest in this district.

    2 cents,
    PropVestor


  3. #8

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    Quote Originally Posted by PropVestor View Post
    You pretty much answered your own question. As an investor not for own stay, maybe you got to look harder at other nearby resale projects which might give you better proximity to transport nodes to give your tenant pool an edge over others. Stirling is not exactly that close to the nearest MRT but it has some height-facing advantage.

    I find ARTRA to be slightly ahead of the game if comparing new projects vs pricing if you die-die need to invest in this district.

    2 cents,
    PropVestor
    Thanks for the input, i am definitely not in a must buy situation as i already have exposure to singapore real estate; plus, it would take a lot more than this for me to invest in 99 year leaseholds.

    it is disheartening to search for properties now days with either outrageous asking prices or sellers delisting altogether to wait for even higher prices.


  4. #9

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    Quote Originally Posted by Ayeya View Post
    Thanks for the input, i am definitely not in a must buy situation as i already have exposure to singapore real estate; plus, it would take a lot more than this for me to invest in 99 year leaseholds.

    it is disheartening to search for properties now days with either outrageous asking prices or sellers delisting altogether to wait for even higher prices.
    Agree with the "outrageous asking prices" but when you add all the numbers together that is the new price.

    $446,280,000/42,973(462557.52)=964.80psf ppr

    https://www.ura.gov.sg/maps2/?servic...LEASE&site=941

    The land price already more than my sale price in 2011.

    Most chose to see the price they want only to regret not buying years later.

    Got a few walk in to show flat told me they regret not buying earlier, guess they will keep regretting years later.

    Can buy don't buy, wait for What. How many 10 years do one have.

    When I bought my $899 psf at Terrasse my agent told me D19 $899 psf is too high in 2011, now I marketing $1700 psf in 2018 two bus stop away The Garden Residences. If Bank can Loan me money I will still buy.

    Bankruptcy

    Bankruptcy is a legal status of an individual who cannot repay debts of greater than $15,000 and is declared a bankrupt by the High Court. The High Court usually appoints the Official Assignee to administer the bankrupt’s affairs in bankruptcy. These include the selling off of the bankrupt’s assets to repay his creditors, the registration of the creditors' claims and the distribution of dividends to the bankrupt’s creditors.https://www.mlaw.gov.sg/content/io/e...ankruptcy.html

    Debts greater than $15,000, if loan of a million dollar property is $800,000 will you buy.

    The Risk and Reward is just too great.
    Last edited by Arcachon; 2 Weeks Ago at 07:45 AM.


  5. #10
    Junior
    Join Date
    Dec 2008
    Posts
    3,715

    Default

    These HK-listed developers are building HK size apartments. A 3 bedder with balcony sized at 1,055 sqft. And that is a premium type, other 3 bedder types are even smaller.


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