Page 2 of 2 FirstFirst 12
Results 31 to 44 of 44

Thread: The Lumiere (D2, 99 year leasehold, BS Capital)

  1. #31
    Join Date
    Mar 2008
    Posts
    181

    Default

    If u wana take a look, tml i will be down for viewing with my buyer @ 430pm on site. U can drop by as well if u are in the area. My hp : 81835132. Can drop me a call if ur coming down. Cheers

  2. #32
    Join Date
    Aug 2010
    Posts
    44

    Default

    saw in the classified ads and internet, 2 bedders of less than 1,000sqft asking for average of more than $7k per month rental! Is tat real ? Has it TOP ? Anyway knows what are recent transacted rent for the development if it has indeed TOP...

  3. #33
    Join Date
    May 2008
    Posts
    9,279

    Default

    a spokesman for the developer, in a bid to talk up the project, once mentioned in an interview in "The Edge" a few weeks back that he believes it can fetch $9psf in rental. Nobody really knows how much rental it can exactly fetch yet. The project has TOP already but I am not sure how many keys have been collected. A differentiating point for the higher rental could be that the units can be converted to offices. Maybe some kind agent can update us on some REAL rental transactions?

    Quote Originally Posted by coolview
    saw in the classified ads and internet, 2 bedders of less than 1,000sqft asking for average of more than $7k per month rental! Is tat real ? Has it TOP ? Anyway knows what are recent transacted rent for the development if it has indeed TOP...

  4. #34
    Join Date
    Feb 2011
    Posts
    8,926

    Default

    raining drop falling on my head

    5 MAY 2014 2 MISTRI ROAD #XX-XX 678sqft 1,670psf 14 JUL 2010 1,730psf -40,680 1,391 -0.9
    Ride at your own risk !!!

  5. #35
    Join Date
    May 2016
    Posts
    169

    Default

    678sqft@10th floor sold at 1,401psf, Jun-16. SRX valuation shows current price at 2009 level. Even 2 bedrooms 900+ sqft rental nowadays < 4000.

  6. #36
    Join Date
    Jul 2013
    Posts
    172

    Default

    Thats good price

    Seller must be desperate, loss should be a few hundred k

    The condo gets completely blocked by EON now and not as popular as those condos (altez, skysuites) in the other side of tanjong pagar

    Quote Originally Posted by Tomutomi View Post
    678sqft@10th floor sold at 1,401psf, Jun-16. SRX valuation shows current price at 2009 level. Even 2 bedrooms 900+ sqft rental nowadays < 4000.

  7. #37
    Join Date
    May 2016
    Posts
    169

    Default

    The selling price for 1 bedroom/studio at icon or skysuites@anson usually based on 4% gross rental yield, which is make sense because it's a rental apartment.
    With Lumiere rental rate falling below 3000 for 1 bedroom, investor will only find it interesting if buying at around 900K!

    Quote Originally Posted by Singleton View Post
    Thats good price

    Seller must be desperate, loss should be a few hundred k

    The condo gets completely blocked by EON now and not as popular as those condos (altez, skysuites) in the other side of tanjong pagar

  8. #38
    Join Date
    Jul 2013
    Posts
    172

    Default

    678sq feet is VERY big by today's standard.

    Sure rental <3k??!!

    Skysuites low floor studios 366sqfeet going for $800 plus k, rental 2.6 to 3k, the bigger 1 roomer 2.8 to 3.2k

    logically, Lumiere 678 size unit rental should be closer to 3.5 to 4k




    Quote Originally Posted by Tomutomi View Post
    The selling price for 1 bedroom/studio at icon or skysuites@anson usually based on 4% gross rental yield, which is make sense because it's a rental apartment.
    With Lumiere rental rate falling below 3000 for 1 bedroom, investor will only find it interesting if buying at around 900K!

  9. #39
    Join Date
    May 2016
    Posts
    169

    Default

    That's true, though it might due to low floor or bad facing, check for yourself at ura or propguru historical transactions. I guess that's the reason SRX valuation down to 900K for 624-sqft and 506-sqft units.

    Skysuites stuido rental can still maintain 4+% gross yield, but need to count the high maintenance fee of around 350/month.

    Quote Originally Posted by Singleton View Post
    678sq feet is VERY big by today's standard.

    Sure rental <3k??!!

    Skysuites low floor studios 366sqfeet going for $800 plus k, rental 2.6 to 3k, the bigger 1 roomer 2.8 to 3.2k

    logically, Lumiere 678 size unit rental should be closer to 3.5 to 4k

  10. #40
    Join Date
    Mar 2014
    Posts
    138

    Default

    wow, 900k for 624square feet looks relatively cheap


    skysuites look like little hotel rooms, the higher floor ones have nice views

    Quote Originally Posted by Tomutomi View Post
    That's true, though it might due to low floor or bad facing, check for yourself at ura or propguru historical transactions. I guess that's the reason SRX valuation down to 900K for 624-sqft and 506-sqft units.

    Skysuites stuido rental can still maintain 4+% gross yield, but need to count the high maintenance fee of around 350/month.

  11. #41
    Join Date
    Oct 2016
    Posts
    30

    Default

    If anyone is keen to install track guided indoor/outdoor blinds (no gaps!) and retractable insect screens . Pls call 98806538 for measure and quote.

    Products are all made in Australia!

    www.auszip.com.sg

    www.facebook.com/auszip/

  12. #42
    Join Date
    May 2016
    Posts
    169

    Default

    Just saw the Sep 16 rental contract on Lumiere and observed anomaly of few contracts with abnormal sky-rocket rental rate.
    There were six 1-bedroom units with rental rate around 4600-4800, one 2-bedrooms unit with rental rate of 6200.

    There's no such high rate happening in the past 2 years so wondering what happened here. Maybe someone starting serviced apartment business recently which usually command much higher rental rate, or maybe some owners trying to bump up the selling price valuation by bumping up URA rental rate.

  13. #43
    Join Date
    Nov 2016
    Posts
    1

    Default

    any reason for the constant drop in price of this condo? past 2 transactions abt 1.4k psf for 678 sq ft units

  14. #44
    Join Date
    May 2016
    Posts
    169

    Default

    should due to difficulty to find tenant. The unit might be larger than others around, but the facility and constant noise from port and highway are a turn-off.

Similar Threads

  1. One Shenton (D1, 99 year leasehold, CDL)
    By robinsonscentrepoint in forum District 1
    Replies: 208
    -: 27-01-14, 00:34
  2. Office capital values seen easing 5% this year
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 05-07-12, 02:41
  3. Zenith (D10, 999 year Leasehold, Galaxy Capital)
    By mr funny in forum District 10
    Replies: 55
    -: 23-10-11, 13:37
  4. Quinterra (D10, 99 year leasehold, Ho Bee)
    By Makelele in forum District 10
    Replies: 4
    -: 29-01-09, 09:59
  5. BS Capital launches Lumiere preview
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 19-12-06, 08:54

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •