When comparison being made between the two 2012 BTO developments vs the recent 2019 BTO development, the price differences base on the same floor level differ from S$75,000 to S$100,000. Based on recent sales of balance flat price, prices at both Bendemeer Light and McNair Tower have shown an increment of up to S$56,000. Even with this upward price adjustment, prices at Towner Crest still shown a premium of up to S$44,000. (Note that as of May 2019 sales of balance flats launch, there’s only 4 units available for selection from the 2012 BTO) If you purchase at a higher price, the chance of you making a healthy profit in the future will be lesser due to surrounding existing competition as well as limited price upside for new launches (new launches may be limited due to land availability, thus upward pricing movement will be limited due to seasonal market condition). Is there a premium for unit with view towards the Marina Bay area? Based on the pricing record, the premium is not very visible as prices are generally spread across a few selected floor levels. Does this mean that getting a unit with a view towards the Marina Bay area (most laymen view that they will get to see a glimpse of the firework during the national day parade every year) a steal? The answer is no. Buying a property base on external view is something that you should avoid at all cost. The Beacon (a condominium) at China Town was launched with hype of view towards Shenton Way, that was before Pinnacles at Duxton was launched and fully built! In short, your development surrounding may change and higher blocks may pop up and block your view all together, then what’s left? Next, these Marina Bay area view units are mainly facing SW, SSW which will be exposed to hot evening west sun of up to at least 5-7 months a year. The higher your unit, the exposure will be greater and with a confirmed temperature increment every year, the impact on energy consumption and wear and tear on materials will increase exponentially. Like and Share this post by clicking on the 'Like' button bellow if you want us to share more information on other Kallang developments (i.e Kallang Breeze vs Kallang Residences etc). Copyright © 2019 by chua.soon.c[email protected]
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AuthorAn architect with 2 bachelor degrees. 15 years of industry related experience in Singapore, China and Malaysia. Designed for more than 10,000 units of completed residential property in Singapore, China and Malaysia including landed and non-landed alike. Designed for residential, healthcare, industrial and transportation oriented development (Finalist at World Architectural Festival 2014, Master planning; Won Singapore Institute of Planners Best Urban Design Project 2013). Completed projects including 1,010 units Punggol Topaz, Singapore, 2,290 units of landed and high-rise residential development in Xian, China, 4,236 units of high-rise residential development in Shenyang, China, 3,595 units of high-rise residential development in Chengdu, China and many more. Archives
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