Surprising to see this amount of interest in such a market.
Surprising to see this amount of interest in such a market.
Fact of the matter is that they only launched about 1/3 of the available units in the development. So, although 80% of the first phase is sold, that amounts to about 120+ units out of 500 units. So, only 25% is sold. Judging by past experience, the sales will slow down after the initial launch. Keppel still have 75% of the units to sell. Still a long way to go. I think they will end up like Alex Residences which up to now is about 50% sold after one year. But at least they are better than Crest.
Last edited by triproton; 15-09-14 at 20:38.
This project is absolutely perfect for young first-time buyers who are unaffected by ABSD: small quantum, "hipster" location (lots of cafes where they can take selfies and post instagram pics), near mrt etc.
This should be a sellout even at 1900 psf.
I went to the show flat and was told that 1900+ psf for 1 bedder was after a 15% + 7% discount. And the discount will be taken off after last weekend. Anyone can confirm on the latest? Personally, I dare not commit on the smaller size unit. The 3 bedder psf seems more reasonable
I went down more for fact finding only. To be honest, have not really looked at west area so far.
Sometimes it's not just the $$ and what returns you will get. Some people will only stay in a certain neighbourhood. I have a friend who grew up in redhill and he cannot imagine living anywhere not around that area. He eventually bought a 30 year plus walkup apartment there. Plus TBB is now consistently regarded as one of the hippest neighbourhood in the world.
http://www.vogue.com/slideshow/10806...neighborhoods/
http://travel.cnn.com/singapore/life...st-hood-980850
All these intangible appeal will raise the demand for these places and there will be people who are willing to pay more to stay in a part of history and hype.