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

  1. #31

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

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