Guoco Midtown

[Hyruga]

Carpark spaces worth a lot. Think next time can rent for tons of money daily.

 

[holasingapura]

Don't know if this is accurate or not. Saw on FB, posted last month..

 

[Hyruga]

Sure got a lot of buyers bot without knowing that there is no carpark lots given to residents. Have to pay again.

 

[holasingapura]

Sure got a lot of buyers bot without knowing that there is no carpark lots given to residents. Have to pay again.

Should not be a problem unless the buyers stretched their housing loan to the max.

So many agents here, how come none is responding to questions about maintenance fees and carpark fees?

 

[Milquetoaster]

Don't know if this is accurate or not. Saw on FB, posted last month..

I'm not an agent, but those were the maintenance fees that I saw.

 

[Hyruga]

https://www.bloomberg.com/news/arti...ent for HK,a reputation for flipping property.

In Hong Kong, a carpark lot sold for nearly usd 1 million!

Too bad, in Singapore Bugis district, they take away your carpark lot.

 

[daheigou999]

MM maintenance fee doesn't come with parking lot??

CBD condos usually don’t include parking in MCST, so nothing unusual?

The MCST is quite attractive actually, especially for the bigger units where there are so many shoeboxes subsidising...

 

[Luc777]

Should not be a problem unless the buyers stretched their housing loan to the max.

So many agents here, how come none is responding to questions about maintenance fees and carpark fees?

i agent. haha. ya we got discuss about parking also. cos I agar season parking to be ard 120. so 2br and 3br est 500 a month.

I'm paying 475 for our yishun 4br now. 1206sqft.

our yewtee previously was 460 for 3br. 1238sqft.

yishun has 962 units and yewtee has 139 units. so nope, i do not think the number of units determine if the maintenance is ex or cheap.

considering mtm is ccr and the above amounts I kena before, still ok ba to me. so not all sales talk ah.

 

[Passerboy]

CBD condos usually don’t include parking in MCST, so nothing unusual?

The MCST is quite attractive actually, especially for the bigger units where there are so many shoeboxes subsidising...

Yeah lo, in fact the M also maintenance don’t include carpark (if I am right) and the parking lots at the M is a lot lesser. Some RCR condo like Tre Ver, Avenue South, the carpark cost is separate too if I rmb correct.

 

[ThinkCarefully]

Yeah lo, in fact the M also maintenance don’t include carpark (if I am right) and the parking lots at the M is a lot lesser. Some RCR condo like Tre Ver, Avenue South, the carpark cost is separate too if I rmb correct.

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Really? Coincidentally, these are also projects I walk away from...
TBH, I did not even step into tre Ver and AS showflat...

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[Aaaa07]

How many carpark lots in this project? And residents still need to buy season parking?!

 

[Passerboy]

####

Really? Coincidentally, these are also projects I walk away from...
TBH, I did not even step into tre Ver and AS showflat...

###

These are just some examples bro, think there are more for those projects launched as of late. In future, it could be a case where the developer charge separate for car park lot.

 

[holasingapura]

i agent. haha. ya we got discuss about parking also. cos I agar season parking to be ard 120. so 2br and 3br est 500 a month.

I'm paying 475 for our yishun 4br now. 1206sqft.

our yewtee previously was 460 for 3br. 1238sqft.

yishun has 962 units and yewtee has 139 units. so nope, i do not think the number of units determine if the maintenance is ex or cheap.

considering mtm is ccr and the above amounts I kena before, still ok ba to me. so not all sales talk ah.

Thanks.

Your yewtee maintenance fee is overpriced!

I agree MTM's maintenance is OK.

 

[AdunHWZ]

The 1 bedder there rental can fetch how much?
So many investors buying 1 bedder and must bleed every month for installment not covered by rental.
When resale, next investor can swallow???

 

[TouringSG]

The 1 bedder there rental can fetch how much?
So many investors buying 1 bedder and must bleed every month for installment not covered by rental.
When resale, next investor can swallow???

Is the rejuvenation at bugis very significant to justify this price?

 

[Passerboy]

Is the rejuvenation at bugis very significant to justify this price?

I think one also need look from the point of view if Bugis would indeed overtake Orchard area as the more expensive district since Orchard area 99y leasehold can command 3xxxpsf.

I see Midtown Modern comparable as Orchard Residences, both above shopping mall and MRT, one in Bugis and the other Orchard.

Orchard Residences 99yLH completed in 2010 is gg for about 33-36xxpsf recently, comparatively prices of Midtown Modern gg from 24xxpsf up.

Which locale would one prefer in 10 years?

 

[holasingapura]

The 1 bedder there rental can fetch how much?
So many investors buying 1 bedder and must bleed every month for installment not covered by rental.
When resale, next investor can swallow???

DUO residences, ytd contracts for 400-500sqft ranges from $2,700 to $2,850.

For 500-600sqft max is $3,500.

If pay $1.1m, yield is still OK. Anything higher, good luck.

 

[snoopydog]

These are just some examples bro, think there are more for those projects launched as of late. In future, it could be a case where the developer charge separate for car park lot.

New Parking Standards for Private Developments from February 2019
In line with Singapore’s move towards a car-lite society, the Land Transport Authority (LTA) will introduce a new Range-based Parking Provision Standards (RPPS)[1] from 1 February 2019, to replace the existing Car Parking Standards[2] (CPS) and Range-based Car Parking Standards[3] (RCPS). The revised parking standards will accord developers greater flexibility in managing parking provisions according to the needs of the developments, particularly in areas well-connected to the public transport system, and free up more land for community spaces and greenery.

https://www.lta.gov.sg/content/ltagov/en/newsroom/2018/11/2/new-parking-standards-for-private-developments-from-february-2019.html

https://mothership.sg/2018/11/car-lite-precincts-lta/

https://www.youtube.com/watch?v=tS6k5M9YJu8&t=588s

 

[holasingapura]

I think one also need look from the point of view if Bugis would indeed overtake Orchard area as the more expensive district since Orchard area 99y leasehold can command 3xxxpsf.

I see Midtown Modern comparable as Orchard Residences, both above shopping mall and MRT, one in Bugis and the other Orchard.

Orchard Residences 99yLH completed in 2010 is gg for about 33-36xxpsf recently, comparatively prices of Midtown Modern gg from 24xxpsf up.

Which locale would one prefer in 10 years?

VERY hard for Bugis to win Orchard.

Orchard is well established as the upper class enclave/ community. Besides high end malls, you also have private banks conveniently located there to serve clients e.g. Citi and UBS.

Bugis... haha... just take a walk there you know... Unless the fu lu shou / sim lim area is completely revamped too.

 

[Passerboy]

VERY hard for Bugis to win Orchard.

Orchard is well established as the upper class enclave/ community. Besides high end malls, you also have private banks conveniently located there to serve clients e.g. Citi and UBS.

Bugis... haha... just take a walk there you know... Unless the fu lu shou / sim lim area is completely revamped too.

But at 1000psf difference and more than 10 years lease difference, would one choose Midtown Modern or Orchard Residences?

Not forgetting Orchard Residences units are very large, 3 bedder at Orchard Residences 6.5mil v Midtown Modern 2.2xmil.

So comparing this two, which is better for sth between bugis and orchard?