Originally Posted by
Leeds
The Shore (103 yrs LH) is selling at average $1300 psf, The Cape (FH Small Units) at average $1900 psf, Silversea (99 yrs LH with sea view) at $2000 psf and The Seawind at $1500 psf. Buyers will not have much of a choice if they want to invest in a sizable development in Katong.
Capitaland bought Marine Point for $1056 psf ppr and FEO got Amberglades for $1066 psf ppr. Amber Towers were sold at $1118 psf ppr to a Chinese developer. New developments for these sites will cost at least $1800 psf.
With the holding power of FEO, even with the coming downturn and over supply issues over the next 4 years, prices in Katong is likely to be firmed.
Can FEO hold on to prices in Katong even if prices in other districts decline?