monomono29
Junior Member
- Joined
- Aug 30, 2020
- Messages
- 30
- Reaction score
- 0
Dear all, I would like to seek your advice and expertise. I'm looking for 2 BR resale condo with a budget around $850k.
I'm considering a few resale units at Canberra Residences, 99yrs from 2010 which TOP in 2015. It's about 700m for a 10 mins walk from Canberra MRT. The 2BR+1 study units are asking for $840k-$870k, about 900-930sqft which is a very comfortable size to live in. After much browing through the property app, Canberra Residences seems one of the most affordable resale condo in terms of price/sqft (average $960/sqft), with reasonable walking distance to MRT, as well as the amenities like Sembawang Shopping Ctr and the upcoming Canberra Plaza. I also quite like the low rise resort style and relatively low density, about 300-400 units.
However, I do have some concerns about the condo. Despite only 5 yrs from TOP, the exterior of the condo looks dirty, though I was told that they will undergo repainting soon. This seems to suggest that the condo management can be quite poor. I passed by the condo at night quite often and always notice quite many vacant units (without the light on). Also, the monthly maintenance is also relatively high, $400 per mth for a 900sqft unit. Location wise, I work in CBD area so no choice I have to compromise in terms of travelling.
What do you think of this development? With the new Visionaire and Brownstone just opposite, do you think Canberra Residences will benefit from the capital appreciation in future? Or should I consider other area? I'm not in the hurry to buy, so time is at my side.
Would love to hear more opinions though! Thank you!
I'm considering a few resale units at Canberra Residences, 99yrs from 2010 which TOP in 2015. It's about 700m for a 10 mins walk from Canberra MRT. The 2BR+1 study units are asking for $840k-$870k, about 900-930sqft which is a very comfortable size to live in. After much browing through the property app, Canberra Residences seems one of the most affordable resale condo in terms of price/sqft (average $960/sqft), with reasonable walking distance to MRT, as well as the amenities like Sembawang Shopping Ctr and the upcoming Canberra Plaza. I also quite like the low rise resort style and relatively low density, about 300-400 units.
However, I do have some concerns about the condo. Despite only 5 yrs from TOP, the exterior of the condo looks dirty, though I was told that they will undergo repainting soon. This seems to suggest that the condo management can be quite poor. I passed by the condo at night quite often and always notice quite many vacant units (without the light on). Also, the monthly maintenance is also relatively high, $400 per mth for a 900sqft unit. Location wise, I work in CBD area so no choice I have to compromise in terms of travelling.
What do you think of this development? With the new Visionaire and Brownstone just opposite, do you think Canberra Residences will benefit from the capital appreciation in future? Or should I consider other area? I'm not in the hurry to buy, so time is at my side.
Would love to hear more opinions though! Thank you!
Last edited: