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Thread: Poor sales for new units in Prime area

  1. #21
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    CBD is conjested with buildings, ppl who r working in CBD wanted to get out of that place after work, rental had also been increasing recently and that forced them to move out of this area.

  2. #22
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    Quote Originally Posted by doubleben View Post
    Agree. I see more and more expats moving to the heartlands in the last few years. They are no longer willing or able to pay the higher prices in the CCR and happily accept a slightly longer commute for larger units and lower prices.
    those you see are just the migrant workers, not people who have been expatriated on expatriate package.

    but Ringo33 is right, the move of international schools to OCR is a game changer.

  3. #23
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    Nowadays, CCR rental almost same as RCR. I am comparing Icon/Sail/Clift vs Southbank/Citylights since I am vested in those properties.



    Quote Originally Posted by NO_7 View Post
    CBD is conjested with buildings, ppl who r working in CBD wanted to get out of that place after work, rental had also been increasing recently and that forced them to move out of this area.

  4. #24
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    Quote Originally Posted by Ringo33 View Post
    International school moving to ocr expat will follow. Children education and family convenience is paramount
    Which could explain why mm in ccr is still a better investment class as it is catered for singleand or couple.

  5. #25
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    Quote Originally Posted by leesg123 View Post
    Which could explain why mm in ccr is still a better investment class as it is catered for singleand or couple.
    For CCR MM, at least you can still get around 4 to 5% yield.
    "[I]Never argue with an idiot, or he will drag you down to his level and beat you with experience[/I]."

  6. #26
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    Quote Originally Posted by Ringo33 View Post
    International school moving to ocr expat will follow. Children education and family convenience is paramount
    not true leh. my very experienced ppty agent who specialise in corporate rental tell me that even when kids study in GEMS in yishun, father work in seletar aerospace park, they still stay in orchard road.
    [I][COLOR="Navy"]There is no good or bad location. There is only good or bad price.[/COLOR][/I]

  7. #27
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    Quote Originally Posted by Shanhz View Post
    not true leh. my very experienced ppty agent who specialise in corporate rental tell me that even when kids study in GEMS in yishun, father work in seletar aerospace park, they still stay in orchard road.
    True. But to some extent the move of international sch do have some impact.

  8. #28
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    Which CCR condo can get 5%?


    Quote Originally Posted by Ringo33 View Post
    For CCR MM, at least you can still get around 4 to 5% yield.

  9. #29
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    Quote Originally Posted by thomastansb View Post
    Which CCR condo can get 5%?
    projects around mount sophia area.
    "[I]Never argue with an idiot, or he will drag you down to his level and beat you with experience[/I]."

  10. #30
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    Quote Originally Posted by thomastansb View Post
    Which CCR condo can get 5%?
    RV area, we are talking about MM.

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