Guoco Midtown

[NiShiZhu]

wow we must be so conditioned to the ever increasing skyhigh psf prices to now see 25xx psf for D7 as fairly worth it... actually 24xx-25xx is still very ex man.. to see a profit one must sell at 26xx-27xx. hmmm, rental competition is gonna be fierce also.

Hehe, I also don’t see why 25xxpsf/26xxpsf for MTM is considered cheap.
Duo one bedder has problem selling in resale market, honestly I also dunno what’s the excitement for this kinda launch price. I wouldn’t say it’s overpriced but definitely not priced at a steal for me to go down and kapo.

I feel the M at 21xx-22xxpsf has more upside than this one.
Those buying into D7 majority r not for self stay/family stay. Your future buyer are also likely to buy for investment purpose.
Thus in investment point of view, the lower the psf and quantum, the safer imo.
Ain’t Duo resale price and volume has already taught us something?

2 cents.

 

[Luc777]

Hehe, I also don’t see why 25xxpsf/26xxpsf for MTM is considered cheap.
Duo one bedder has problem selling in resale market, honestly I also dunno what’s the excitement for this kinda launch price. I wouldn’t say it’s overpriced but definitely not priced at a steal for me to go down and kapo.

I feel the M at 21xx-22xxpsf has more upside than this one.
Those buying into D7 majority r not for self stay/family stay. Your future buyer are also likely to buy for investment purpose.
Thus in investment point of view, the lowest psf and quantum is still the safest imo.
Duo resale price has already taught us something.

2 cents.

I look at mtm as a own stay project. investment-wise, better choices out there.

 

[NiShiZhu]

I look at mtm as a own stay project. investment-wise, better choices out there.

All the best for your balloting, share with us the joy if u got your choice unit.

 

[sinequa88]

at least one of the 2 penthouse sold i heard.. hahaha

 

[daheigou999]

Hehe, I also don’t see why 25xxpsf/26xxpsf for MTM is considered cheap.
Duo one bedder has problem selling in resale market, honestly I also dunno what’s the excitement for this kinda launch price. I wouldn’t say it’s overpriced but definitely not priced at a steal for me to go down and kapo.

I feel the M at 21xx-22xxpsf has more upside than this one.
Those buying into D7 majority r not for self stay/family stay. Your future buyer are also likely to buy for investment purpose.
Thus in investment point of view, the lower the psf and quantum, the safer imo.
Ain’t Duo resale price and volume has already taught us something?

2 cents.

Sounds like Tanjong Pagar in the 2010s when there was a flood of new launches. “Investors” ended up facing stagnant prices / paper losses

 

[Passerboy]

Sounds like Tanjong Pagar in the 2010s when there was a flood of new launches. “Investors” ended up facing stagnant prices / paper losses

I think the issue with Tanjong Pagar is nothing much have come up in the area in the last 10 years?

 

[NiShiZhu]

Sounds like Tanjong Pagar in the 2010s when there was a flood of new launches. “Investors” ended up facing stagnant prices / paper losses

Hehe, It is. See those Shenton condos as reference and how they fare in resale market.
D7 and D1/D2 r in the same league.
They r good for rental but would there be price appreciation in resale market? Hehe

 

[1993newbie]

Hehe, I also don’t see why 25xxpsf/26xxpsf for MTM is considered cheap.
Duo one bedder has problem selling in resale market, honestly I also dunno what’s the excitement for this kinda launch price. I wouldn’t say it’s overpriced but definitely not priced at a steal for me to go down and kapo.

2 cents.

Agreed. I’ve shared the case study a few times here. DUO has tons of 1 bedder listings and the volume transaction tells on the demand for 1 bedder resale in the locality.

THE M, MIDTOWN BAY & MIDTOWN MODERN will just add on to the supply in the area

 

[daheigou999]

I think the issue with Tanjong Pagar is nothing much have come up in the area in the last 10 years?

Yep nothing much apart from Guoco Tower.

But again, what are we expecting for Bugis apart from Guoco Midtown? Current prices have already factored the MRT/malls around

 

[Luc777]

All the best for your balloting, share with us the joy if u got your choice unit.

think no chance le. looking at the price and demand, my dad is leaning towards the 2br stack 09 now but might not have a good choice and price during our turn.

still a good run for me. can see different povs from the shifus here.

 

[1993newbie]

Hehe, It is. See those Shenton condos as reference and how they fare in resale market.
D7 and D1/D2 r in the same league.
They r good for rental but would there be price appreciation in resale market? Hehe

Appreciation is one thing.
Not forgetting. Is there demand when it comes to resale?

DUO is a great case study. The volume tells a lot for the demand when it comes to resale.

 

[daheigou999]

Appreciation is one thing.
Not forgetting. Is there demand when it comes to resale?

DUO is a great case study. The volume tells a lot for the demand when it comes to resale.

I’ll be happy to demand it at 2k psf in 3-5 years time

 

[NiShiZhu]

Agreed. I’ve shared the case study a few times here. DUO has tons of 1 bedder listings and the volume transaction tells on the demand for 1 bedder resale in the locality.

THE M, MIDTOWN BAY & MIDTOWN MODERN will just add on to the supply in the area

I quite like D7 personally. Frequently go suntec, marina sq, millennium walk
But anything above 24xxpsf I think I will give it a miss. No matter how prestige the facade or convenience the location will be. Duo is a good case study.
It gives us a good gauge how the M, MTB, MTM resale will likely to perform in near future.

 

[NiShiZhu]

I’ll be happy to demand it at 2k psf in 3-5 years time

Hehe pay 2kpsf for what, latest transaction for concourse skyline is only 15xxpsf

 

[Luc777]

Appreciation is one thing.
Not forgetting. Is there demand when it comes to resale?

DUO is a great case study. The volume tells a lot for the demand when it comes to resale.

duo layout is kinda bad. took a look at some of the floor plans. big balcony and irregular layouts.

 

[daheigou999]

Hehe pay 2kpsf for what, latest transaction for concourse skyline is only 15xxpsf

Concourse Skyline will be lower because of the size / quantum, but space is a luxury

Ok la, low ball 20-30% is good enough

 

[assiak71]

Lets wait a few years and see how MTM does in resale

 

[NiShiZhu]

Concourse Skyline will be lower because of the size / quantum, but space is a luxury

Ok la, low ball 20-30% is good enough

True la, it’s one bedder at 8xxsqft. Spacious one bedder but still a one bedder.

That’s y my eye is only fixed at the M below one mil quantum. But u say it stinks

 

[Passerboy]

I’ll be happy to demand it at 2k psf in 3-5 years time

Hehe count me in if that happens! I also hope that 5 years later I can buy it at 2kpsf, but I would be glad to pay 2.2kpsf, aft selling my unit to buy this

 

[1993newbie]

duo layout is kinda bad. took a look at some of the floor plans. big balcony and irregular layouts.

Despite the layout, DUO sells extremely well back then during launch.
Weird when it comes to new launch, layout isn’t the main concern but location sells. When it comes to resale, layout came into consideration. Despite the location, the resale volume seems Poor.

“The 660-unit project next to Kampong Glam had sold 468 units out of the 540 units released, as of 3pm on Friday, M+S said on Friday. This works out to a take-up rate of about 87 per cent within three days of concurrent sales in Singapore and Malaysia.”

https://www.asiaone.com/bumper-sales-launch-duo-residences