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Thread: Waterina Condo

  1. #11

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    Yes. The address should read "Geylang Lor xx" - but the higher lorongs which are supposed to be "cleaner" but nevertheless still Geylang which carries a stigma. I know of someone who stays there and people always talk behind her back why she single lady stay in red light district Geylang?


  2. #12

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    Quote Originally Posted by ckt77
    Anybody has comments on the Waterina Condo.

    1. What is the current psf for this condo ?
    2. Is it walking distance to the Paya Lebar MRT or the upcoming Circle Line MRT ?
    3. How is it compare to the condo surrounding it ?
    1) Not sure about current psf. can easily check it up yourself with the caveats lodged in streetsine.com or ura.gov.sg

    2) Walking distance to paya lebar - shd be ard 10mins. close proximity to paya lebar interchange.

    3) depends on what u want to buy a unit at Waterina for. For self-stay, really depends on whether you have kids and if your wife (or yourself if you are a female) can take it. For kids, my personal view is a no no. Lots of China mei meis staying there, and if you drive by at night u can see some of them waiting for cab(s) outside the gate, and skimpily dressed.

    I have friends staying there.... mainly to get their kids into the neighbouring Kong Hwa school. But they all moved shortly after school registration is over. 3 years ago, I was considering a FH condo project at Lor 36 (Evergreen View) which was about to be launched at 620-670psf. But as I surveyed the area with my hubby and infant son AT 3PM on a weekend afternoon, there were streetwalkers who passed by that area (between Lor 36 to Lor 40) and they smiled at my hubby, notwithstanding the infant in my arms and my presence. That's the reality of staying in Geylang.

    Anyway, the official red-light district ends at Lor 28. Hence anything in Lor 30 and above are deemed as suitable collateral by banks, hence financing should not be an issue.

    For investment, really depends on whether the plans for Paya Lebar take off. The area has potential; but again it also depends on how much Geylang can be cleaned up.

    Hope the above helps.


  3. #13

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    With all the raids... and more raids.. Geylang will be dead.. or already dead !


  4. #14

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    Quote Originally Posted by new2mondrian

    I have friends staying there.... mainly to get their kids into the neighbouring Kong Hwa school. But they all moved shortly after school registration is over. 3 years ago, I was considering a FH condo project at Lor 36 (Evergreen View) which was about to be launched at 620-670psf. But as I surveyed the area with my hubby and infant son AT 3PM on a weekend afternoon, there were streetwalkers who passed by that area (between Lor 36 to Lor 40) and they smiled at my hubby, notwithstanding the infant in my arms and my presence. That's the reality of staying in Geylang.

    For investment, really depends on whether the plans for Paya Lebar take off. The area has potential; but again it also depends on how much Geylang can be cleaned up.

    Hope the above helps.
    Yes... smiling when you are around. Sleeping? when you are not around. Don't mean with your husband. That's the thing about D14.. very cheap to buy with sleeze, very expansive thereafter when it is cleaned up. If it is ever going to be cleaned up. Not likely to happen with those Hotel investments around and the international fame. But anything is a possibility. My bet is that it will never be cleaned up. You want to clean it and have a instant Price increase? Change the road name from Geyland Lorong xx to some other prestigious name. Maybe to Gerrard Street 88.. hahaha.. dream on.

    http://www.londondrum.com/cityguide/gerrard-street.php


  5. #15

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    Quote Originally Posted by Condorich
    Yes... smiling when you are around. Sleeping? when you are not around. Don't mean with your husband. That's the thing about D14.. very cheap to buy with sleeze, very expansive thereafter when it is cleaned up. If it is ever going to be cleaned up. Not likely to happen with those Hotel investments around and the international fame. But anything is a possibility. My bet is that it will never be cleaned up. You want to clean it and have a instant Price increase? Change the road name from Geyland Lorong xx to some other prestigious name. Maybe to Gerrard Street 88.. hahaha.. dream on.

    http://www.londondrum.com/cityguide/gerrard-street.php
    actually that's why we did not buy the Evergreen View property at Lor 36. to be honest, the s*x trade is the oldest and most tenacious trade in the world... not to mention that it is recession proof. there will always be a demand, and hence most governments would rather choose to regulate it (hence to maintain some level of control; though how successful the control is will be highly subjective) than to ban it (causes it to go underground). Geylang has always been zoned for such activities, and people have come to accept it. To move the red-light district from Geylang to anywhere else will be a political disaster; not to mention it would be tough to totally eradicate the streetwalkers in Geylang.

    The Paya Lebar/Kallang riverside has potential - yes; but to buy into Geylang one needs to do so with eyes open. For Waterina at $850psf, I'd rather go for East Coast or Bendeemer at $1000psf.


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