Guoco Midtown

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1993newbie

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Luc777

Luc777

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NPC016 said:
Went to check out the preview and while the location is nice for own stay, the 1 bedders start at 409 sqft for $1.1m.

I have serious reservations as I'm buying for own stay, not sure if I can live in a space like that for very long. But the 2 bedders if I go for mid-floor likely out of budget. So being able to sell later and recoup costs if I need to move is important.

The agents are claiming even if I buy a 1 bedder people will be fine with paying $1.4m or $1.5m for it 3 years down the road.

Wondering if there really is that kind of capital appreciation potential for this project or it's just sales talk?
Click to expand...

I'm an agent myself. and I said somewhere in the past few pages.

we see this project more of an own stay; the reason for our consideration to purchase, solely because of location. price and size are the hindering factors.

u want something with more investment potential, my suggestion is to consider looking for rcr projects with lower entry price and more space for development and growth.

my personal opinion is that ccr are kinda like developed estates to me while rcr and ocr are still developing estates.

as to making a claim that we can profit 300k-ish from it, I don't dare say even though my dad's past few new launch purchases did yield positive results. what we do is to provide you information and advice you on possible scenarios. end of the day, risks are all on you as a buyer, not us as agents.

Just make sure your finances are in place, be prepared for the worst case scenario. as long as your holding power is there, its a good thing that you will not have to be forced to let go of the unit at a bad time should you have to.

as a 过来人, don't forget to factor in your stamp duties, agent fees, legal fees, bank interest and also renovation costs since you are planning to stay for a while. which will most likely make your paper profit shrink by quite abit.

my two cents.

if you decide to go ahead and join us in trying out to get a unit, good luck for balloting! :s13:
 
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ThinkCarefully

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NPC016 said:
Went to check out the preview and while the location is nice for own stay, the 1 bedders start at 409 sqft for $1.1m.

I have serious reservations as I'm buying for own stay, not sure if I can live in a space like that for very long. But the 2 bedders if I go for mid-floor likely out of budget. So being able to sell later and recoup costs if I need to move is important.

The agents are claiming even if I buy a 1 bedder people will be fine with paying $1.4m or $1.5m for it 3 years down the road.

Wondering if there really is that kind of capital appreciation potential for this project or it's just sales talk?
Click to expand...


#####

Are all new launch profitable?
Below finding.... only 58% of new launch of 2016-2017 are.
Today’s new launch are way overpriced, if you ask me... just think carefully...
IMHO, new launch in 2021, applying the same criteria as video, in 3 years time, likely less will be profitable.
My 2 cents.

https://m.facebook.com/imchua/videos/2877637305840136/?refsrc=http%3A%2F%2Fwww.mycarforum.com%2Fforums%2Ftopic%2F2716502-singapore-private-property-prices-still-up-or-down-part-iii%2F&ref=watch_permalink&_rdr

#####
 
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1993newbie

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Hang clothes indoors anyone?
Jdn0ikD.jpg
 
belgarathc

belgarathc

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1993newbie said:
Yeap. Sultan Mosque calling for prayers can be heard. I tried standing outside BHG .
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This seems like a deal breaker for me. I am ok with white noise like those coming from expressway and roads. But sudden sounds can be difficult for me. I read Duo reviews and there are complaints about the noises from Haji Lane but nothing about the mosque though.
 
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1993newbie

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belgarathc said:
This seems like a deal breaker for me. I am ok with white noise like those coming from expressway and roads. But sudden sounds can be difficult for me. I read Duo reviews and there are complaints about the noises from Haji Lane but nothing about the mosque though.
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Think better to go down to site and listen to it ba. It is not loud loud tbh. More of echo. Road noise might cover the echo sound.

Calling fr prayer time around:
> 530am
> 1pm
> 430pm
> 7pm
> 830pm
 
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sinequa88

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NPC016 said:
Went to check out the preview and while the location is nice for own stay, the 1 bedders start at 409 sqft for $1.1m.

I have serious reservations as I'm buying for own stay, not sure if I can live in a space like that for very long. But the 2 bedders if I go for mid-floor likely out of budget. So being able to sell later and recoup costs if I need to move is important.

The agents are claiming even if I buy a 1 bedder people will be fine with paying $1.4m or $1.5m for it 3 years down the road.

Wondering if there really is that kind of capital appreciation potential for this project or it's just sales talk?
Click to expand...

thats a lot of bull from the agents.

i dont mean bullish talk. i mean.. bullsh** talk.. well maybe both

just because MB nearby is selling its 1 bedders at 1.4-1.5m doesnt mean MTM will calibrate upwards to that level. it might well be that MB will forever be around 1.4-1.5m or even drop.. if that happens, MTM which is its more 'inferior' offering will likely find it tough to sell at a decent profit.

buy it if you like the offering for own stay but i definitely wouldnt give much weight to the asserted potential of 1.4-15m for these units.

if theres any potential from the entire guoco midtown integration, it has most likely been already priced in.

my 2 cents :)
 
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Broadwalk

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Any agent can advise me?:o I am I interested.:o

Sent from Teban Corridor Airing Balls using GAGT
 
P

Passerboy

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sinequa88 said:
stacked has a natural tendency to gravitate towards the D7 projects.

MB with those skyhigh prices also received a very decent score.

MTM is by no means an inferior product, just have to DYODD as with all projects
Click to expand...

In terms of quality wise, it’s probably Midtown Bay, Midtown Modern and the M in that order. But agree that one needs to be discerning in entering at the right price for all 3 projects.
 
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