The Adara @ Chapel Road. Convenient but is it worthwhile to pay $1100 /sqft?
The Adara @ Chapel Road. Convenient but is it worthwhile to pay $1100 /sqft?
is this one of those small properties that are everywhere in the east? just bear in mind that rental yields won't be high as there are hardly any facilities and when it gets old, you have to pay lots for maintenance and sinking fund, as there are few units only in your development.Originally Posted by twinkie
agree, since a small development, developer will surely give discount later, they can't hold for long...Originally Posted by Unregistered
just went to view. no more 2 rooms except for penthouse. this is near chin mei chin , near the church. the place is quite nice is but not that cheap. not sure about the price. but is rather convenient since its near all the amenities and nice road name.Originally Posted by Unregistered
that area is just fine
Originally Posted by Unregistered
Chapel is nice name. However the plot there is small that it does not ring a bell in term of rasing its valuation.
If a nice name is key, go for Meyer road. condos in Meyer road has more value in comparison to condos in Amber road in where The Seaview, The Esta and other are located.
Meyer Road has limited developmental space for condo and thus it has no more rooms to buid more condos.
Very likely the odler ones in Meyers may be slated for enbloc in the next two to five years.
If there is a rise in market potential there for very high rise high-end superior best-of-best exclusive Meyer road locations.
Perhaps the middleeast compnaies will come in to enbloc those condo there for a super-duper very high-storeys condo that can match the demand of the rich and famous.
The potential price of condos in Meyer road can go up to 2500 psf in the next two years and risiing to $3500psf in the next 7 years if there is contnuing steady demand of the rich for a quiet with walking distance to the beach.
The real thing is that the exclusive location in the East is along Meyer road .
Originally Posted by Unregistered th945re
YAWN - ha - another specuvestor trying to talk up the market with last
year's old stories of rich arab sheikhs etc etc - looks like may have bought a
property in meyer rd at high price and so talking it up...... ha yawnnnnn
[QUOTE=The real thing is that the exclusive location in the East is along Meyer road .[/QUOTE]
What a load of crab and totally without proof..
I doubt this developer will give discount as it is almost fully sold...Originally Posted by Unregistered
Maybe we should wait for other new small development launches and if they cant sell, we can press down the prices...
Again, recent mass market small projects are selling quite well like Stadia...
Go and take a look at blucoral or bluwaters2...i heard u can submit chq and ask for a 3-5% discount...gd luck
Some developments already starting to offer 10% without asking and more if you are really interested. one agent told me at a big development "the deveopler is very flexible currently".Originally Posted by paperplate
You may want to post those projects that is currently giving good offer and possess good value buy?Originally Posted by East Lover
It will be very useful for all home buyers here!
Project Name-THE ADARA(Former CHAPEL MANSION)
Developer-Roxy Homes Pte Ltd
Property Type-Apartment
Tenure - Freehold
Total Units - 16
Completion Date - est 31 dec 2010
District - 15
>>>>click here for more details ,more floor plans and 720 degree virtual tour >>>>
Adara only 16 units ...?
anyone in the forum staying there ..how the feedback for staying in apartment with < 20 units ? high maint fee ?
high maintainence fees and lesser en-bloc chances in future due to small land mass.
Originally Posted by terence
if land is big ... but whole projects consist of only MM units ... enbloc chance also very slim right ?
MM owners by and large less risk averse and more daring. If enbloc got money to be made why not? I saw one project somewhere Residence 118 or wat 5 yrs only enbloc in progress liao.....Originally Posted by proud owner
Originally Posted by mcmlxxvi
for developer to enbloc a place
they must be able to build MORE or higher
i am just thinking ... a condo of say 20 floor (max-ed out ) and all MM units of say 500-600 sqft
whats the enbloc potential ?
can develpoer build more units if height is maxed ? into all 300 sqft unit ?
otherwise enbloc is as good as impossible
am i right to say that ?
with so many MM projects .. 20 yrs down the road ... whats the chance of enbloc ?
You answered ur qn... 100 x 500sf mm turns into 154 x 323sf...Originally Posted by proud owner
Tats 54% upside potential at even higher psf. We aint see nutthin yet....
residences 118 is en-bloc sale of all the units. not en-bloc to tear down and rebuild.
Originally Posted by mcmlxxvi
any feedback of living in such a tight knitted community...16 neighbours...within the projt
so near parkway... i wun b surprised half already tenanted...Originally Posted by marktkt22
not so small....30+ units consider tight? u will get to noe most of the 'happenings' within the estate...residents tend to show more concern......big developments usually residents r quite bochupOriginally Posted by marktkt22
if u r not a social butterfly, den better go for big big project....
according to roxy's presentation slides, TOP has been obtained for Ambra, Adara and Ambrosia...how come all start with A? hee.