Northpark good profit was likely due to launch timing in 2015, property lull period with good entry price. So there’s room to make good profit margin.
Park place during launch the hype was also quite similar to reserve during 2017/2018. The buyers buy into the PLQ township with grade A offices and 2 mrt lines and 4 surrounding malls. But it’s profit is not as good compared to parc esta (which is a pure residential and one stop away) despite PP’s stellar location.
Watertown has a mixed of profitable unit and unprofitable units, the profitable ones are mainly the smaller units and the lose money ones/harder to exit ones are 4 bedder sky patio unit and those loft units. Other nearby condo in Punggol mostly outperform Watertown in resale like ATT, parc centros, Prive.
Bedok residence didn’t perform well. Profit was rather disappointing. When I was at B1 of Bedok Mall, I can feel the floor got trembling sensation whenever mrt pass by. Not sure if this is the cause. That’s y I avoid sky eden.
SKG subsale profit was disappointing, mainly 5 figures nia, not sure PR8 will follow suit as both estate are well known to be flooded with condos. Not forgetting PR8 did a 5x price increase within a day, The later buyers are exposed to higher risk for sure after seeing SKG disappointing recent Sub sales.
WLR first subsale gross profit only 150k nia, after deduct bsd, agent comm likely also in 5 figure range profit. Also not impressive,
So far, probably after seeing the above, I started to lose confidence in integrated development Liao.
