In contrast to popular belief, acquiring a residential property is not a sure thing to making money. After evaluating sale deals of condominiums over the last 12 months, the five advancements in Table 1 below were located to have the most varieties of unlucrative transactions. The growths are less than 15 years of ages, thus eliminating lease degeneration as a key contributor to the unlucrative asking price.

Representations at Keppel Bay
In the past 12 months, there were 65 unprofitable as well as 26 rewarding sale transactions for Reflections at Keppel Bay. Losses varied from $54 to $6.952 million.
All top three unlucrative deals for Reflections at Keppel Bay were acquired in 2007 when Singapore’s building market was extremely active and also costs went to an all-time high. Of the 65 unprofitable purchases, regarding 40% were gotten in 2007.

Qingjian Realty Is the Only Developer Bidding for Bukit Batok EC at Tengah Town

Qingjian Realty is the only developer bidding for Bukit Batok EC at Tengah Town. We’ve been following the bukit batok EC bid since its announcement on September 26. We’ve also discussed the Bukit Batok Green and Sustainable Tengah District. In this article, we’ll examine Qingjian’s bid, the status of Bukit Batok EC at Bukit Batok MRT Station, and our thoughts on the Bukit Batok Green and Sustainable Tengah District.

Developer Qingjian is set to start a new project in the Bukit Batok EC, which is a prime location for HDB upgraders and private housing. The last private residential development to launch in the Bukit Batok EC area was Le Quest, and take-up was extremely high. The Bukit Batok EC project is expected to draw eight to twelve bidders, with the highest bidder likely to pay about $630 per square foot for a mid-sized plot ratio.

The new project is a hybrid of private and public development near the town of Tengah. It will comprise 37,348 square metres of construction space and an estimated 375 units, a great location for commuters. The Bukit Batok EC Tender Bid by Qingjian Realty will result in a highly-coveted development in Singapore, attracting a wide range of buyers.

As immigrants are not allowed to purchase landed properties in Singapore without authorization from the government (except in Sentosa), huge penthouses are a much-sought-after alternative. The travel curbs imposed during Covid-19 made it challenging for foreign buyers to view the unit in person unless they were residing in Singapore.

To include in the problems of Reflections at Keppel Bay, the leasehold development encounters competition from 5 condos (3,034 units) within a 500m span. Close by, Corals at Keppel Bay and The Reef at King’s Dock are more recent and nearer to VivoCity and HarbourFront MRT Station. In the last 12 months, there were five rewarding as well as just one unprofitable purchases for Corals at Keppel Bay as well as there were no deals for the uncompleted The Reef at King’s Dock.

Parc Rosewood
Sellers at Parc Rosewood got on a little better with 31 unprofitable deals and also 54 lucrative transactions. Losses ranged from $2,000 to $105,000.

The ordinary cost for Parc Rosewood ($ 1,060 psf) based on purchases throughout the last 6 months is more than the general standard of $980 psf for surrounding condos. Woodhaven is the just various other growth whose typical rate of $1,113 psf is greater than the general standard. Woodhaven obtained temporary occupation permit (TOP) a year later than Parc Rosewood.

Aside from the Singapore Sports School, there are couple of services bordering Parc Rosewood. Woodlands as well as Woodlands South MRT Stations, in addition to Marsiling Mall and Causeway Point, are within a one-km span of Parc Rosewood, however they are right beside the radius.

Of the units in Parc Rosewood, 62.4% are one-bedders of 400 to 600 sq ft, which makes the units more suitable for rental unless the owner-occupier is a single. The lack of amenities and distance from the CBD make Parc Rosewood less attractive to tenants unless they work in the north region.

The Sail @ Marina Bay lies in the heart of the CBD, but its enviable area can not save it from having 30 unlucrative deals and also just 27 rewarding ones. Losses range from $5,900 to $1.001 million.

The vendor of the most unprofitable purchase acquired the unit in 2008 for $3,387 psf, which is means over the ordinary cost of $1,902 psf for The Sail @ Marina Bay and also the overall average of $1,700 psf for leasehold condos in the exact same district. The seller marketed the device for $2,418 psf in 2021. This was greater than the ordinary price of $2,060 psf for The Sail @ Marina Bay, yet was low enough to make up for paying too much throughout purchase.

Expatriates looking to live near their office in the CBD are spolit for choice. Within a 500m radius of The Sail @ Marina Bay, there are six projects with 3,310 devices, including more recent growths such as Marina Bay Suites (TOP in 2013) and Marina One Residences (TOP in 2017).

The competitors for tenants is anticipated to heat up post-pandemic since more business are embracing flexible working plans, which lowers the need for employees to live near their work environment. Moreover, occupants might obtain a larger unit for the same price if they move away from the central region. The awesome competitors for lessees will certainly urge some capitalists to sell.

The Sail @ Marina Bay is surrounded by offices with few features for family members. Furthermore, one as well as two-bedroom devices comprise 56.0% of the complete units. Singaporeans have only 60.8% of the 1,111 units, while irreversible locals, foreigners and companies have 15.0%, 14.9% and 9.3% respectively. This makes the advancement more suitable for investors than owner-occupiers, therefore limiting the swimming pool of resale customers.

Eco as well as Urban Vista are within 500m of each other, with New Upper Changi Road and also Grandeur Park Residences sandwiched between them. Both condos remain in a well-established domestic suburb with several close-by amenities such as Tanah Merah MRT Station, Anglican High School as well as Bedok Market.