Thought I'll post a thread about this condo - am always looking for bargains in far north.
This is a 128-unit small development with balinese facade, and has been around for 6 years. Next to Nee Soon Camp (ulu) and the only condo in the Springleaf vicinity (ulu)
I chanced upon this cos was looking at condos that are not affected by the new NSE and did some checking - realised asking prices have not increased that much from original buying price (cos ulu)
Cons:
1) Ulu
2) No good schools nearby (in fact, no schools at all within 1km!!)
3) No amenities (unless 7-11 counts which in right in front of doorstep)
4) Next to nee soon camp (I'll just put that as a con)
Potential:
1) Still cheap (500++ to 600psf nia, and it's not EC)
2) Ulu (condos that shoot up the most are in previously ulu locations
) and quiet location (close to Mandai reservoir so air quite good)
3) Future thomson line will revamp the area
4) Nearby condos about to TOP asking for 1K++ psf
So granted, it is not a fantastic place to reside or even invest right now as you'll have a hard time finding tenants, but I foresee this place to have potential upside in the next couple of years. Springleaf has always been quiet with a charm of its own and their landed prices have increased significantly - I think it is only a matter of time for forest hills to catch up. Better make my prediction here first so can look back in 1,2 years' time.
more units are up for grabs now, maybe cos the owners are upgrading or their kids are close to primary school age. Comments anyone (especially from residents of Springleaf)?