I heard this isn't selling well. It was priced the same as Newton One but Newton One sold out quickly. My question is: why? For the same price, I would have this one instead, as its surroundings are quieter and more tranquil. The footprint is also much bigger than Newton One's, giving the feeling of spaciousness.
I also rather evelyn over newton one but one reason i think it is not sold out is cos it is near TOP and buyers wld hv to pay in full. Speculators rather deferred payment cos they only have to pay d/p and nothing til TOP.
Most of the buyers of [email protected] and Newton One were foreigners (Indonesians, etc). These people pay the full amount in cash.
I have been to see both and I find Evelyn much more classy. I also like the big plot of land, unlike Newton One which is squeezed on a small plot. But Newton One also has much less units.
It is quieter but the access road is very small (one lane 2 way) with a tiny circle. Some buyers maybe put off by this. Imagine the hundreds of cars going in and out of the property during peak hours...there will be traffic jam at the guarded entrance.Originally Posted by Makelele
Sale Of Property Unit At Residences @ Evelyn
Proposed sale of Property Units at One Shenton and Residences @ Evelyn
100% SOLD.
Re: Residences @ Evelyn (D11, Freehold, CDL)
Apr 07 URA caveat shows $2000psf done for a 3 bedroom unit!
Congratulation to you!!Thats a new record for newton area!!
Re: Residences @ Evelyn (D11, Freehold, CDL)
Just got the keys! anybody wanna buy my unit? only $2000psf.
Re: Residences @ Evelyn (D11, Freehold, CDL)
just now after i collected the keys there was a pretty agent who stopped me at the gate and passed me her name card asking me to rent or sell. i asked how much is the rental for the 3 room and she said $8K and all corp tenants. wow! i didnt know rents had gone up so high! i thot it was $6-7K. now i donno whether to rent or sell.
if i sell i can use the $1m profit to put downpayment for a deferred project costing $5m. but if prices drop 20% i bankrupt! anyway i was going around property hunting and there are NO NEW DEFERRED PROJECTS left!!! except a few units at tribeca which i dont like. and $5m cant buy much in leonie/cairnhill area nowadays.
so what do u suggest? cheong or be safe??
$8k is a good rental price. Cairnhill and leonie area already Very expensive. Close to $3000 already. Newly launch around that area will cost above $3000.
If you ask me which one do I like, Tribeca or Evelyn? I will take Evelyn. Unless you can sell evelyn at $2000 and buy Tribeca for $1600. But dont forget several new development will be launched near newton area like Scotts tower of far east. that is a positive sign for newton owners.
Scotts tower will cost from $3000-$6000 I think.
Another good way to invest is.. If you sell and get the $1m profit. If I were you, I will use the profit to buy less expensive condo like pavilion II which cost about $900 psf but still within district 9,10 or 11.
Pavilion II only cost at about $1.2 or $1.4m and then you profit about 20%-30% again from pavilion which I think is possible.
But of course Pavilion is sold out but there will be other launches similar to Pavilion type.
I will take Tribeca but at a lower price.
Tribeca's price is set to go up because of limited supply of inner city condos after the ban on office conversion.
Tribeca is very close to the Shenton Way belt. So are condos in Tiong Bahru, Lavender, Bugis, and Tanjong Rhu.
Newton is a fine area, but I consider Newton more like Balmoral, Stevens, Holland and Bukit Timah area. Nice to live in because all residential buildings, but further away from Inner City.
I dont like tribeca cos the plot beside it facing the river will prob be sold & a new condo will block its river view. I heard Zouk's lease is not being renewed already so that area may be developed. I dont want it to be a case of lincoln modern where it is blocked on 3 sides and the only facing is that of the HDBs across. Sure susah to sell one.. altho newton and river valley are usually the same price.
I was thinking of going further down the road like Duchess Residences cos it is still affordable n may see a lift due to en-bloc sellers looking for new properties.
Then again I also like Orchard/ Grange cos some new projects like Scotts Sq/ MarQ/ Hilltops/Scotts Tower may set new benchmarks for the area. Whole of Leonie and Cairnhill may see higher upon higher prices with each consecutive launch.
how big is your unit? congrats on getting your keys too! i do think new launches are too expensive. will make more sense to go for completed developments in those areas you mentioned if you are really keen on getting into them. somemore can get rental income immediately.
The places you mentioned like Grange, scotts, paterson, and cairnhill are very expensive. Sizeable New launch project will definitely above $3000 psf.
BTW, did you mentioned no deffered payment already for new launch condo??? I never know that.
River valley place is a better place than newton but newton price will rise faster than river velly because many enbloc sales in that area.
cairnhill area also many enbloc sales.
My unit is 1500sq ft- looks quite tight cos of the big balcony. I m staying in a 3000 sq ft place now so not used to 1500sq ft- think i'll sell it.no point spending more money doing it up for rent.i can rollover the profit for a bigger place..then pray that the mkt doesnt crash!haha.
oh ya, i said i went looking for new projects with deferred payment and there arent many left. in fact it is very difficult to find new projects these days.
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