No. I was taking pricing out of the equation, jus comparing both as independent projects for the comment that Penrose is the best in the universe..it's all about the pricing isn't it? if penrose is launched at 500 psf in 2021, then it's definitely much much better than CHP, doesn't matter the location nor the finishing
Pentose should compare with sims urban oasis also near expressway. Personally I won’t stay near GeylangNo. I was taking pricing out of the equation, jus comparing both as independent projects for the comment that Penrose is the best in the universe..
No. I was taking pricing out of the equation, jus comparing both as independent projects for the comment that Penrose is the best in the universe..
Exactly.. I see your point but not his.it's all about the pricing isn't it? if penrose is launched at 500 psf in 2021, then it's definitely much much better than CHP, doesn't matter the location nor the finishing
Neither Penrose nor Canninghill Piers is the best in the universe (or even locally), we still have ultra luxe projects like Park Nova ard or South Beach Residence which I feel is the best locally..
Neither Penrose nor Canninghill Piers is the best in the universe (or even locally), we still have ultra luxe projects like Park Nova ard or South Beach Residence which I feel is the best locally..
Must read my comment in reference to the earlier post that Canninghill Piers/Penrose is the best in the universe
CHP location is definitely much better than penrose but exit strategy could be tougher than penrose. Seen too many projects priced near 3kpsf and how many had actually successfully made decent money during TOP?Neither Penrose nor Canninghill Piers is the best in the universe (or even locally), we still have ultra luxe projects like Park Nova ard or South Beach Residence which I feel is the best locally..
Must read my comment in reference to the earlier post that Canninghill Piers/Penrose is the best in the universe
Bro, u ok not, I thought u are more logical... if Penrose / CHP is the best in the universe then Park Nova is what…
Bro, u ok not, I thought u are more logical... if Penrose / CHP is the best in the universe then Park Nova is what…
If orchard averaging 3.5k psf. Easily CHP can hit 3.5k psf in 3 years. CHP Is a sure win investmentCHP location is definitely much better than penrose but exit strategy could be tougher than penrose. Seen too many projects priced near 3kpsf and how many had actually successfully made decent money during TOP?
Even if we r talking about the profitable Martin modern, those who made good profit now r those entered at 21xxpsf and not those who entered near 3kpsf. And that comes with the caveat that there’s only 12 transactions so far based on TT’s video.
I shall reserve my judgement until CHP enter resale or subsale. For sure, I’m not going to pass any unsubstantiated prediction too early which may led me the possibility to run naked in orchard road.
I got a feeling u may run naked at orchard road in 4 years time
Depends on the entry price versus what people are willing to pay. I’d be very surprised if CHP ends up only around Martin Modern price. Of course if you enter CHP at 35xx, the risk is too great even if it’s the best project in the universe.I got a feeling u may run naked at orchard road in 4 years time
Most property there r suffering losses, let’s not make it worse after your presence there
U make perfect sense
Again, it is still back to the question how much buyers are willing to pay for a new launch vs a resale unit. In KAP case, buyers r willing to pay up to 18xx-19xxpsf during launch but why during resale, it can only transact at losses or at best, at breakeven price? And not forgetting it is 95% sold in day one.
I think that to have a chance of hitting $3500psf, the unit at CHP must have a fantastic view, not those Low floor units that faces moxy hotel or only partial view.
Bro, Give u a little hint. Go take a look at South Beach R and u can see most units are transacting at 3.1-3.3kpsf. Some r as Low as 2.8kpsf. These r not Low floor units And still got many units unsold.
Haha so the key word here is “chance”, CHP units a lot smaller compared to South Beach so quantum wise would be kept Low enough for affordability. If no view though, $3500psf is surely a remote dream IMO.Bro, Give u a little hint. Go take a look at South Beach R and u can see most units are transacting at 3.1-3.3kpsf. Some r as Low as 2.8kpsf. These r not Low floor units And still got many units unsold.
I agree that higher entry price means more limited exit options and risk. Like I also said, there is no guarantee that good sales at launch translate to profits. Your points are very valid, haha.Again, it is still back to the question how much buyers are willing to pay for a new launch vs a resale unit. In KAP case, buyers r willing to pay up to 18xx-19xxpsf during launch but why during resale, it can only transact at losses or at best, at breakeven price? And not forgetting it is 95% sold in day one.
I agree entry price is important but I can’t deny that higher entry psf/quantum also warrant higher risk.
Isn’t south beach residences fully sold? Anyway, you can also see marina one doing not so well. I think the buyers of this segment wants a full lifestyle and not just live in a concrete jungle beside your office.Bro, Give u a little hint. Go take a look at South Beach R and u can see most units are transacting at 3.1-3.3kpsf. Some r as Low as 2.8kpsf. These r not Low floor units And still got many units unsold.
Yes if at same psf and quantum, I will go for CHP over Martin modern as well.
Yap bro, quantum for sure also play an impt part.
