Antares vs Penrose

[ZergRush]

I am looking at Antares again. Doorstep to downtown line, rcr and price seems reasonable for 2 bed 2 bath now.

 

[scanner007]

If talking about now, i will prefer The Antares for the fact that it is next to MRT, city fringe and first mover advantage.
Penrose will definitely be better if you are one of the lucky ones who manage to buy during ballot.

City fringe but not close enough. LOL
Can walk to CBD area within 15 mins?

Anyway, whats the reason Penrose is better?
Location or entry price?

 

[variablepax]

City fringe but not close enough. LOL
Can walk to CBD area within 15 mins?

Anyway, whats the reason Penrose is better?
Location or entry price?

I think you have some hallucinations about what city fringe actually means. In most context it simply refers to RCR.

If you can walk to CBD in 15mins, that is CCR already.

Penrose is near Geylang, that one confirm can walk to in 15mins. Maybe thats why ppl find it better

 

[scanner007]

I think you have some hallucinations about what city fringe actually means. In most context it simply refers to RCR.

If you can walk to CBD in 15mins, that is CCR already.

Penrose is near Geylang, that one confirm can walk to in 15mins. Maybe thats why ppl find it better

I beg your pardon! Didn't I added an additional condition @ within walking distance to CBD? LOL
For example, Isn't One Perl Bank, Landmarks, D3 and next to CBD within 10/15 min walk distance?
Don't jump to conclusion too early.

Looks like this is a clone account created 1 day ago with just 1 posting.

 

[Yunita19]

Penrose is better than Antares in terms of pricing, more facilities n more reputable developer CDL. Other than that Antares is better in terms of proximity to mrt, amenities (big circuit road food center within 2-3min walk & hdb amenities wet markets ntuc and shops within 5-7min walk), no expressway noise and further away from industrial area than penrose and it has more unblocked view than penrose ( it is 360 degree surrounded by empty plot of land n low landed residential at the west, only after 300m to the west start to have industrial building), first plot residential at that area has first mover advantage. But the price 18xxpfs is really a bit exp over what it can gives. A risk whether can sell 2kpfs in resale next time to breakeven. Unless the remaining plots of land besides it in future is bidded land price 1.3k ppr and above.

 

[mementomori]

Still have no idea what people see in penrose, very good meh? Maybe price psf only that's about it.

 

[Passerboy]

Still have no idea what people see in penrose, very good meh? Maybe price psf only that's about it.

It depends on ur objective. If objective is to make profits within 3-5years then yes it’s a good project to buy into primarily cos of its entry level psf.

if objective is for long term stay, may not be most ideal.

 

[Nobody123456]

I visited Antares....the project design sucks...Blks are so close to each other...1 Blk facing the church... some master room window also no view....after 5 mins...I dropped this option.....

 

[CaptainSGP]

Still have no idea what people see in penrose, very good meh? Maybe price psf only that's about

The property area of Antares is depressed. Also the reason why the sales is not good. Although it is a leasehold (corrected), u will have a hard time selling back to market in the future.

I will choose Penrose at aljunied mrt between these 2.
Sims urban oasis sold out 100%, TRE residences sold out 100%, park place residences sold out 100%, parc esta sold 90%, the m first day 70% sold.
The sales already explain everything quite clearly here. Demand stronger than supply in this area. It means a greater chance on capital appreciation. Not to mention the rental in D14 is really good.
The Bugis transformation, kallang development, bidadari/woodleigh together with paya lebar quarter business hub, geylang rezoning. It is happening right now and it is where u wanna position yourself in to have a better edge.
U are at the right path choosing property in this area.
Cheers. Good luck in finding your desired new home.

All the Penrose strengths listed here by propertyinvestor40. Main weaknesses are: Beside Industrial zone, beside expressway & proximity to Geylang

 

[variablepax]

I beg your pardon! Didn't I added an additional condition @ within walking distance to CBD? LOL
For example, Isn't One Perl Bank, Landmarks, D3 and next to CBD within 10/15 min walk distance?
Don't jump to conclusion too early.

Looks like this is a clone account created 1 day ago with just 1 posting.

What you have quoted are CCR projects, which you are comparing with an RCR.

 

[variablepax]

Penrose is better than Antares in terms of pricing, more facilities n more reputable developer CDL. Other than that Antares is better in terms of proximity to mrt, amenities (big circuit road food center within 2-3min walk & hdb amenities wet markets ntuc and shops within 5-7min walk), no expressway noise and further away from industrial area than penrose and it has more unblocked view than penrose ( it is 360 degree surrounded by empty plot of land n low landed residential at the west, only after 300m to the west start to have industrial building), first plot residential at that area has first mover advantage. But the price 18xxpfs is really a bit exp over what it can gives. A risk whether can sell 2kpfs in resale next time to breakeven. Unless the remaining plots of land besides it in future is bidded land price 1.3k ppr and above.

Agree, Penrose is more of a known quantity and you have more certainty of the potential appreciation since there is Sims Urban Oasis as a benchmark.

Whereas for Antares, you may be taking a higher risk for the potential appreciation, which hinges upon future GLS. But could lead to higher rewards as well.

 

[propertyinvestor40]

Save up a little. Take Penrose 3 bedder. Still got a few last units.
walk out five min got aljunied mrt. Aljunied mrt got one plot for commercial, very likely a mall is coming up ura masterplan.
walk one min got hawker centre, market and 3 coffee shop. Now covid, u want everything at your door step.
if u drive, 5 min can reach kallang or bidadari or paya lebar. At 1600-1700, now wanna find a new launch RCR consider reasonable already. there’s a reason why Penrose is 60% sold first day. Good developer also. 500 units also not so big. The plot beside Penrose also coming up another residential plot not sure private or Hdb. Your capital gain potential is there.
If u check Hdb area, geylang kallang commence high premium. These are facts. Rental also no need to say further. Also in top list.

 

[NiShiZhu]

Save up a little. Take Penrose 3 bedder. Still got a few last units.
walk out five min got aljunied mrt. Aljunied mrt got one plot for commercial, very likely a mall is coming up ura masterplan.
walk one min got hawker centre, market and 3 coffee shop. Now covid, u want everything at your door step.
if u drive, 5 min can reach kallang or bidadari or paya lebar. At 1600-1700, now wanna find a new launch RCR consider reasonable already. there’s a reason why Penrose is 60% sold first day. Good developer also. 500 units also not so big. The plot beside Penrose also coming up another residential plot not sure private or Hdb. Your capital gain potential is there.
If u check Hdb area, geylang kallang commence high premium. These are facts. Rental also no need to say further. Also in top list.

But then, how to condition buyers to stay next to expressway and industrial estates with noise and air pollution? U want buyers to sacrifice their personal lifestyle, mental health and personal well being staying next to expressway. 你 头脑坏了是吗？

 

[scanner007]

What you have quoted are CCR projects, which you are comparing with an RCR.

SMH,

 

[propertyinvestor40]

But then, how to condition buyers to stay next to expressway and industrial estates with noise and air pollution? U want buyers to sacrifice their personal lifestyle, mental health and personal well being staying next to expressway. 你 头脑坏了是吗？

Lai Liao yishun kid. Need give u an award best forum camper 24/7. Gagagaga

 

[NiShiZhu]

Lai Liao yishun kid. Need give u an award best forum camper 24/7. Gagagaga

我买楼盘的时候，你可能还在穿尿布。

 

[CargoSQ]

Is the Antares 3 bedroom at 2m, 17xx psf still worth buying ?

 

[䏣炆玧示老太]

Is the Antares 3 bedroom at 2m, 17xx psf still worth buying ?

depends on layout but generally speaking not worth

 

[CaptainSGP]

is not just save up a little from 2B to 3B , Antares remaining 2 units (non PH non ground) 2B 2B is 1.2x-1.3x million but penrose now only left 3b+s or 3B premium which is 1.9x million up le. The quantum is 2 diff tier le . I feel in past early penrose 2B units win Antares 2B units. If compare both left over units now 3bed penrose is now 1.9-2m, Antares 3b premium is 2m, dual key / compact 3B is 1.5x million, penrose general absolute price advantage actually diminish le. With Antares doorstep to mrt is easier to rent (no competition at mattar n downtown line to new financial district at marina downtown station), it also has 9 bus at doorstep running (bus waiting time will be little) few bus stops to aljunied mrt, Macperson mrt, woodleigh mrt and boon Keng mrt, some ppl prefer 1min full sheltered to mrt n bus stop instead of walk 6-7min from penrose under hot sun or rain. 1.5m for Antares 3B dual key (1 studio + 2B1B units (At Current market RCR doorstep mrt get new launch 1B n a 2B1B also need 800k + 1.2m)) plus can partition the 2B living room into a room can rent up to 4 rooms in the 3Bdk unit so the overall investment return in % (capital appreciation (due to lower quantum 1.5m vs 1.9m) + rental (higher rental yield on Dk) on 1.5m Antares 3BDK will be higher than 1.9m buy penrose 3B.

Do you want to buy a condo where the developer sold very little units at launch & have to drop price till near breakeven in 2020 ? Only 265 units and still not fully sold after so long...

 

[The_Davis]

Why suddenly so many of these vs threads?