Blossoms by the Park

marshmallow96

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sellipad2

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"Congratulations to those of my clients who boarded the bus with me to enter Normanton Park"
To be fair there are no subsales yet so can't determine if Normanton is profitable, it's different from Treasures where they exit to upgraders of bto nearby and quantum is palatable.

I drove past last week it seems almost ready, long walk but probably doable to NUH and the commercial nodes. Looking forward to first subsale too
 
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This site never update since launch day after lunch so it’s not accurate.

this site was shared earlier. i have been checking it against my agent’s real time photo update so I know it hasn’t been updated
How many balance now fd?

My source is about 70 units.
 

ThinkCarefully

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🤭🤭🤭🤭 The CCP Govt said she has already renounced US citizenship but she herself never say clearly 🤭🤭🤭

###

now she is in US helping them bid for Winter Olympics…
After winning Olympic medals for china

quite a double headed snake…

####
 
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Clazav

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Check out whistler grand dual key. Generally it's about the psf and entry price in terms of quantum. Most dual key make less because developer priced in a 50-100 psf premium.

Generally dual key exit is more difficult because of wastage of kitchenette and walkway, if want to get dual key best to get those without kitchenette so easier to exit to families
Actually with all cooling measures around and government committed to hammer the price of properties, investors will shift toward rental gain than capital gain, since it is safer and more certain. So people will look at dual key.

Agree with dual key having higher quantum but as for the waste space, you have to look for the type of dual key where the floorplan is appropriate to be converted from 2+1 to 3 bedders with minimal waste space.
 

DevilPlate

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Actually with all cooling measures around and government committed to hammer the price of properties, investors will shift toward rental gain than capital gain, since it is safer and more certain. So people will look at dual key.

Agree with dual key having higher quantum but as for the waste space, you have to look for the type of dual key where the floorplan is appropriate to be converted from 2+1 to 3 bedders with minimal waste space.
Garmen hammer the property price is an overstatement lah.

u see during covid, MAS actually allow/encourage banks to restructure to interest only loan.
https://www.mas.gov.sg/news/media-r...ry-provide-additional-support-for-individuals
 
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DevilPlate

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Ok not hammer but to stabilise I mean. So I feel waiting for capital appreciation is of higher risk than rental gain.
Dual key provides an option for the owner to monetise a part of their home for rental income in the event of family crisis or economic crisis while retaining some privacy.

If privacy not an issue, any typical 3BR homeowners can also rent out 1-2 of their bedrooms.
 

DevilPlate

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Actually with all cooling measures around and government committed to hammer the price of properties, investors will shift toward rental gain than capital gain, since it is safer and more certain. So people will look at dual key.

Agree with dual key having higher quantum but as for the waste space, you have to look for the type of dual key where the floorplan is appropriate to be converted from 2+1 to 3 bedders with minimal waste space.
On the contrary, if i were to consider investing a condo today….. my top consideration would be capital appreciation due to high interest rate environment.

Nett rental yield of a typical condo around 2-3% and taking up a mortgage rate of 3.5% today simply do not make sense if i just focus on rental income.

Unless buy shoebox in geylang without loan still can get around 3.5% nett rental yield and hope for 1% annualised capital gain for the next 10-20years hahaha
 

Clazav

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Dual key provides an option for the owner to monetise a part of their home for rental income in the event of family crisis or economic crisis while retaining some privacy.

If privacy not an issue, any typical 3BR homeowners can also rent out 1-2 of their bedrooms.
Of course, but the rental amount will be less. A dual key studio can potentially rent out at a rate of 2.3 to 2.8k in current market.

When encounter crisis then rent out room is too late. Crisis are usually sudden and need hugh amount in short time
 

DevilPlate

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Of course, but the rental amount will be less. A dual key studio can potentially rent out at a rate of 2.3 to 2.8k in current market.

When encounter crisis then rent out room is too late. Crisis are usually sudden and need hugh amount in short time
I can think of a common scenario where one spouse retrenched in their 40s/50s and suffered a big pay cut for the next replacement job.
 

rlskyline

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On the contrary, if i were to consider investing a condo today….. my top consideration would be capital appreciation due to high interest rate environment.

Nett rental yield of a typical condo around 2-3% and taking up a mortgage rate of 3.5% today simply do not make sense if i just focus on rental income.

Unless buy shoebox in geylang without loan still can get around 3.5% nett rental yield and hope for 1% annualised capital gain for the next 10-20years hahaha
hmm put in FD better. less worry and problem to handle
 
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