Penrose Sims Villa

[NiShiZhu]

if a person rents out a 2bedder to 2 different persons and the rental contracts are lodged at different times, does it appear as 2 caveats? sorry if its a stupid question..

It will be lodged at different times. Separate tenancy I believe.
W/o knowledge of some unit layouts, (ie some dual key) others might think this is the market rate and Low ball the landlord. Thinking 2 bedder can rent $1500.

 

[sinequa88]

It will be lodged at different times. Separate tenancy I believe.
W/o knowledge of some unit layouts, (ie some dual key) others might think this is the market rate and Low ball the landlord.

ah, i see some of the 3 bedrooms rental only 2k+ ? likely they rented out 1 of the rooms?

 

[1993newbie]

SUO has 1 stack of 2 bedder dual key which is stack 28, 786sqft. For dual key 2 bedder rental range from 1600-1900.

However the $2k rental is a 600-700sqft range which is the 2b1bath unit type.

Yap agree. 2+1 toilet even at $2k was Low, considering this is usually the rental range for 1 bedder.
But I believe SUO has no dual key for 2 bedder.

 

[NiShiZhu]

ah, i see some of the 3 bedrooms rental only 2k+ ? likely they rented out 1 of the rooms?

Hehe may not be the whole unit.
But no one can tell

 

[sinequa88]

Hehe may not be the whole unit.
But no one can tell

and yet one of the 3bedder (the relatively smaller sized ones 900-1000 sqft) can rent out at S$4,280.

what a complicated world

 

[NiShiZhu]

SUO has 1 stack of 2 bedder dual key which is stack 28, 786sqft. For dual key 2 bedder rental range from 1600-1900.

However the $2k rental is a 600-700sqft range which is the 2b1bath unit type.

PPR also got a 2 bedder (600-700sqft) rent at 1500 and 2500.
How do u tell whether it’s a whole unit or dual key unit?

 

[1993newbie]

For SUO case, it’s pretty easy coz there’s only one stack of 2bed Dual key 700-800sqft and caveat shows transaction below $2k. Which is easy to tell it’s a dual key type.
For the $2k caveat it’s a 600-700sqft type which is a whole unit 2bd1bath type

For PPR just by looking at the transacted caveat and knowing there’s dual key for the project, it’s easy to tell that the 1500 & 2500 was a Dual key unit. Since the other 2 bedders are transacting above 3200.

PPR also got a 2 bedder (600-700sqft) rent at 1500 and 2500.
How do u tell whether it’s a whole unit or dual key unit?

 

[NiShiZhu]

For SUO case, it’s pretty easy coz there’s only one stack of 2bed Dual key 700-800sqft range caveat and transacting below $2k.
For the $2k caveat it’s a 600-700sqft type which is the whole unit 2bd1bath type

For PPR just by looking at the transacted caveat and knowing there’s dual key for the project, it’s easy to tell that the 1500 & 2500 was a Dual key unit. Since the other 2 bedders are transacting above 3200.

My exact prediction too.
But still felt SUO rental disparity quite big.

 

[1993newbie]

Probably Covid discount or loyalty discount? There’s only 1 unit transacting at $2k for the 2 bedder. The rest are above $2100. With most around $2400.

My exact prediction too.
But still felt SUO disparity quite big.

 

[1993newbie]

Post covid + Supply from PE, Antares , Urban Treasure & Penrose at D14.

Will we see rental remain the same or improve or decline, interesting years ahead.

May Rental Caveat out,Kaypo time!
Using 1 & 2 bedders past 6 months rental caveats.

Park Place:
1 bed > 2600-2900
2 bed > 3200-4000
2 bedder dual key > 1700 & 2500

Tre Residences:
1 bed > 2100-2350
2 bed > 2300-3100

Sims Urban Oasis:
1 bed > 1800-2600
2 bed > 2000-3400

 

[Passerboy]

Post covid + Supply from PE, Antares , Urban Treasure & Penrose at D14.

Will we see rental remain the same or improve or decline, interesting years ahead.

Rental at TRE Residences seems to be pretty underwhelming for the 2 bedder

 

[propertyinvestor40]

Very healthy rental in Suo, tre residences and park place residences.
Park place definitely higher rental because the entry is 3 years ago was 1700 psf, now already 2000 psf.
Time waits for no man. Penrose launching soon. Here is your chance only 500 units. Best launch this year.

 

[holasingapura]

My property agent was telling me that she received info from the developer that the launch price will be at $1750psf!!! That's crazy!

Thats great pricing strategy. Same price as SKG and lower than parc colonial. Sure sell well to rich sinkies. Huat 888 to the developer.

 

[Panerex]

My property agent was telling me that she received info from the developer that the launch price will be at $1750psf!!! That's crazy!

Crazily high or Low?

 

[urbanmale2004]

Crazily high or Low?

Market rate of most new launches hovering ard this price range, no surprises.

 

[NiShiZhu]

Penrose won’t be 1750psf.
It will be 1600psf there about.
CDL should know it may follow Antares footsteps if price at 1750psf

 

[Hyruga]

Penrose won’t be 1750psf.
It will be 1600psf there about.
CDL should know it may follow Antares footsteps if price at 1750psf

Huat ar!

Cdl has to start low to move their units!

 

[NiShiZhu]

Huat ar!

Cdl has to start low to move their units!

That location nothing to shout about. Next to industrial and expressway.
If price 1750psf, might as well buy WLR....mrt and mall at doorstep, RCR some more

 

[1993newbie]

WLR are moving despite **.
May-7 June > 12 units sold. $17xx-18xxpsf

Compare it with another integrated project,SKG.
May-7 June > 3 units sold and all are 1 bedders. $17xx-18xxpsf

That location nothing to shout about. Next to industrial and expressway.
If price 1750psf, might as well buy WLR....mrt and mall at doorstep, RCR some more

 

[SethNg]

Penrose won’t be 1750psf.
It will be 1600psf there about.
CDL should know it may follow Antares footsteps if price at 1750psf

I think 1750psf's the avg, which is reasonable (when factoring in top floors)

Eg kopar's avg is 2350psf, but most of the units that got snatched up are 22xx and below. Higher floors no movement at all except for one PH