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Just walk in, there are different agents outside the front door or on first level carpark and tell them u are interested to view/buyQuote:
Originally Posted by synwind
KF is the developer marketing agent, they are also there daily, u can also easily book an appt with them
For the smaller 365sfeet, guess 3 to 3.2k will rent very well using Altez 520-600sfeet 4k rental as a guideQuote:
Originally Posted by dtrax
saw Icon also.Quote:
Originally Posted by smellyfish
agree the non loft unit good layout and very good space. For tenants who want more space, this condo is good.
The slightly negative part is it is older and views are blocked on either side by PS100 and Altez
several tenant offers coming in at 3.5k for 1bedders (Jap/corporate). Got one unit, tenant offer 3k instantly tio snapped up plus several rentals transacted 3.3k to 3.5k. 2rm 667sqft got 1 confirmed rented out at 4.5k. Super like the 2rm, almost exactly same as the shwrm size, surprisingly has a very spacious feel despite 667sqft with bay windows and 2 toiletsQuote:
Originally Posted by Newbie1
Been to view. Like what others have said. Quite a unique condo. The crown view is really icing on the cakeQuote:
Originally Posted by dtrax
facilities wise, somehow Altez feels like having more
For studio rentals, some asking for <3k now
agree the 2 roomer 667sfeet has a good spacious feel
Everything looks great except the studios just a little small.
Wonder whether owners are putting car park space for rent since everyone has a lot.
URA January shows 1 rental record, a two-bedder rented out @$4.5K.
76 Shenton 91 units rented out, Altez 201 units rented out.
The take-up rate for the 3 newly completed condos looks good.
Feb Rental Update:
SkySuites@Anson: 19 rented out, 1 bedder: $2800-$3550, 2 bedder: $4300-$4600
Altez: 217
76 Shenton: 133
March Update:
SkySuites: 39
Altez: 225
76 Shenton: 155
Any reason why so few units rented out at skysuites?Quote:
Originally Posted by Allthepies
thought there are over 300 units and most are for rental.
Skysuites first batch receive keys on mid-Jan 2015, so need some time. Altez and 76 Shenton received TOP 4-6 months earlier.Quote:
Originally Posted by Newbie1
Today ST quoted one agent claiming no rental for this condo's 2 bedder for 2months and asking rental dropped from 3.9k to 3.5k and still no takersQuote:
Originally Posted by Allthepies
maybe that might explain the small no of rental take up
But quite surprised by the report,
This is quite an iconic brand new condo, MRT, Mall, Eateries, CBD all at doorstep
Imagine those condos with no mrt, no mall, no eateries, far away at outskirts, what will happen to their rental?:scared-3:
A few possible reasons. But really not too sure why...Quote:
Originally Posted by Newbie1
1. Maybe size too small for the rent offered? For 3.5K can get a 3BR or 4BR at the outskirts quite easily - easier for a medium sized family or a few tenants to share?
2. Maybe the existing supply in this region already catered extremely well for the much touted group of renting lawyers and bankers who don't own cars?
3. OCR houses many good schools and a much broader range of employment opportunities in vicinity?
4. Maybe an increasing group has decided that owning cars and working / travelling in the outskirts is much more cost-effective?
More data is needed to be sure. Today ST also has a report that Far East Plaza is struggling. Can you imagine so close to Orchard and so iconic, and yet...
Been to view previously. thought the 2 bedder quite is nice and spacious and suitable for single or couple
Those fellow viewers I saw all looked like professionals, no children. so your point 2 is a more likely scenario
Having said that just checked URA, rentals for their 2 bedder in March were all done bet 4 to 4.5k and compatible with asking prices in ppty guru
Wonder if the problem lies with that unit (facing) or agent. up to 1k lower than last done and still no takers for brand new unit?
rare for agents to on papers claiming drastic drop in rentals but still no takers.
Quote:
Originally Posted by Kelonguni
April Update:
SkySuites: 80 (1bedder $2500 to $4000)
Altez: 232
76 Shenton: 168
Anyone went to the relaunch yesterday? Heard from a few of my agent friends that the sales yesterday was disappointing. Couldn't move much units despite using the usual "balloting" tricks, queuing up to know the price and forcing you to make decisions on the spot.
since the targeted market is investor, it's hard to compete with the neighbor like Icon.
Icon is older by 10 years but very well maintained with modern-look. Has more comfortable size unit, great swimming pool, half maintenance fee (150 for icon, 300 for sky despite icon size is 60% larger), a good reputation for rental market.
Thought relaunched a few years ago.
Still relaunching again?
There are still some very low and very high floor units for sale
The unique 72th floor 360 open view and free carpark slot are most attractive for this condo
Just seen the marketing ads
The average rental for their sea facing 1 room units in june on URA around 3k
Their advert price starts at 8xxk, so decent yield still in today's market even at 1m
Quote:
Originally Posted by thomastansb
Unless you are looking at very high floors, this development has tough competition around. It is not really a mixed development (5 shops) which sets it back. Wallich Residence should be quite interesting to compare with this.Quote:
Originally Posted by Singleton
Cannot compare the two because quantum vastly different, Wallich minimum close to 2m, skysuites starts at 8xx
Based on URA data, skysuites rental for 1 room 3k, can Wallich 1 room rent out for 6k?
Think the newer ones such as EON and V on shenton are closer competitors
With new shorter rental ruling, generally these CBD condos will probably benefit
Agree that so much competition around
Quote:
Originally Posted by PropVestor
Totally not comparable. One is a MM purely for rental yield. One is targeting at a different group of buyers. A studio there is > 2M. That exclude 99% of buyers easily.
Quote:
Originally Posted by PropVestor
Caveats for first half of Aug out,
Looks like they have sold a number of units (24/25)
Lowest floor 1 roomer sold 877k, quite decent gross yield aound 4%
Probably more caveats will come
Quote:
Originally Posted by thomastansb