Qbay resale vs Treasure new sale
I listed the following
Qbay
1.Immediate occupation
2.Slightly cheaper
3.Too many competition around, Santorini, Alps,Tapstry
4. Quite Good facing not cheap also
5. Location is quite ulu. Used to go for BBQ. Need 20 min back and forth to buy a pack of ice
Treasure
1. Better location, still can walk to simei mall and mrt
2. Need to wait longer
3. Better chance for capital appreciation
Any insight please?
There are a few areas I usually avoid.
One would be waterview, qbay, alps, Santorini, tepastry area cos not only the site is Super ulu, the price appreciation is not much and worse, there are quite a number of condos there.
Another area I avoid is the Pasir Ris condos, 5 CDLs condos (despite walking distance to mrt, but competition too stiff). Not forgetting other whole stretch of condos along Pasir Ris drive 3 like vue 8, stratum, ripple Bay, sea strand, water colour, sea horizon....The list goes on.
Another is flora drive area condo, though Some are FH status (like Carissa, dhalia, ballota, eldewise), there’s isn’t much price appreciation due to its Super ulu location as well.. who wants to stay near Changi prison anyway.
Treasure only reason that turns me off is 2203 units and by SL. If one decided to stay in condo, it needs to be exclusive, ideally, max should not exceed 700/800 units (in today’s context). Good thing about treasure is near round market and quantum quite Low. No issue finding food.
I suggest those who r still discussing whether it is walkable to Simei mrt is kinda pointless. Any place that needs more than 15 mins walk to reach can really forget about it. The truth is, it is not near at all. No one likes to walk under hot sun for so Long, let’s be realistic.
If die die want to stay in east, I always have a soft spot for district 15 condos, but unfortunately, it’s out of my Budget. I miss the seaside residence first phase launch, the price was reasonable back then in 2017. However, now the price there has reached 2xxxpsf, which is rather obscene. Meyer rise there even more expensive, easily 25xxpsf onwards.
So I would rather settle for D16 condos (tenah merah/Bedok area) instead, which is still near East Coast and would be more affordable to me. Mrt, shopping malls, eateries, hawker, airport (jewel, T1 to T5), good schools are all there. I see good potential there becos current psf there is around 14xx to 15xxpsf. (Seems reasonable, given Some D19 condo that’s not near mrt are already around this price). Not forgetting, jewel is opening soon and they are expanding Changi Airport and Changi business park which I thought many job opportunities r created there.
Just my 2 cents.