Stirling Residences

[Passerboy]

Kaypo me, using Commonwealth tower, same stack to analyse. 2 bed (689sqft)

2014:
#03-07 > Bought for $949 700
#39-07 > Bought for $1 188 800
Whopping $239 100 GAP.

2018 resale:
#03-07 > Sold for $1.295mil
#39-07 > Sold for $1.32mil
Mere $25k GAP.

Is this facing MRT or the other side bro. If it’s facing MRT perhaps that explains but if it faces the city then I would happily buy 39-07 haha. I’m surprised the gap is so thin thereafter.

 

[1993newbie]

Stack 7 is facing the BTO site. Non mrt facing

Is this facing MRT or the other side bro. If it’s facing MRT perhaps that explains but if it faces the city then I would happily buy 39-07 haha. I’m surprised the gap is so thin thereafter.

 

[L0VELY]

Own stay perhaps? For investment point no need buy so high floor

 

[Ohw123]

May 2020:
1 bedder(441sqft), #39-01 sold for $1million.
North facing unit.

Stirling 1 bedder starts from $759k during launch.

All 1 bedders in SR are south facing...

 

[1993newbie]

Oopsy, thanks for correcting. Orientate my map wrongly.

All 1 bedders in SR are south facing...

 

[1993newbie]

Own stay or investment I’m sure buyers of high or Low floor would want to see profits in their purchase when they exit in future.

#39-01 already paid $235k premium over #02-01. Pretty sure the GAP wouldn’t be so big in the resale market tho. I could be wrong too

Own stay perhaps? For investment point no need buy so high floor

 

[L0VELY]

Well it also depends if they want to enjoy the view from the day the move in till they sell, hence they are willing to pay a premium and lower their profit when they sell..

 

[Ohw123]

Oopsy, thanks for correcting. Orientate my map wrongly.

Since it’s south facing, the buyer must really enjoy the sea view

 

[drkcynic]

Own stay or investment I’m sure buyers of high or Low floor would want to see profits in their purchase when they exit in future.

#39-01 already paid $235k premium over #02-01. Pretty sure the GAP wouldn’t be so big in the resale market tho. I could be wrong too

Quite interesting to see the eventual evaluation banks give to this block. So far i haven't heard of banks giving different valuations for low and high floor of the same block unless penthouse or ground floor patio unit. Somemore the diff is over 200k.

 

[topmonster]

Usually every lvl differs by how much ? Anyone know ?

 

[Ohw123]

Usually every lvl differs by how much ? Anyone know ?

For SR it’s 4k per level difference for most stacks
Usually per level difference is abt 6k+
Some can be 12k+ (usually those condo along east coast overlooking the sea)
While one of the most expensive per level difference can be found at Wallich Residences. Some unit types are 500k each level up

 

[momoksan]

For SR it’s 4k per level difference for most stacks
Usually per level difference is abt 6k+
Some can be 12k+ (usually those condo along east coast overlooking the sea)
While one of the most expensive per level difference can be found at Wallich Residences. Some unit types are 500k each level up

between Heaven and Hell... 500K

 

[Passerboy]

For SR it’s 4k per level difference for most stacks
Usually per level difference is abt 6k+
Some can be 12k+ (usually those condo along east coast overlooking the sea)
While one of the most expensive per level difference can be found at Wallich Residences. Some unit types are 500k each level up

I actually think a 4K increase per level is pretty decent, some development is 6k. However since Stirling Residences is 40 storey the price gap between a 2nd floor unit with a 39th floor unit is gg to be high, think Avenue South Residences too.

A safer guide would perhaps be mid floor unit 15-20 floor if one would like a higher floor unit; but I believe u only get a clearer view upon clearance of 20 floor.

Stirling Residences is also a project where it’s lower level units sell out first.

 

[Squaredot]

I actually think a 4K increase per level is pretty decent, some development is 6k. However since Stirling Residences is 40 storey the price gap between a 2nd floor unit with a 39th floor unit is gg to be high, think Avenue South Residences too.

A safer guide would perhaps be mid floor unit 15-20 floor if one would like a higher floor unit; but I believe u only get a clearer view upon clearance of 20 floor.

Stirling Residences is also a project where it’s lower level units sell out first.

4k per level is lower than some HDB lol

 

[Passerboy]

4k per level is lower than some HDB lol

What is the increase per level for typical HDB?

 

[isometric]

I actually think a 4K increase per level is pretty decent, some development is 6k. However since Stirling Residences is 40 storey the price gap between a 2nd floor unit with a 39th floor unit is gg to be high, think Avenue South Residences too.

A safer guide would perhaps be mid floor unit 15-20 floor if one would like a higher floor unit; but I believe u only get a clearer view upon clearance of 20 floor.

Stirling Residences is also a project where it’s lower level units sell out first.

given so much units in SR and how tall it is, I think we should not be surprised next time in the URA caveats to see insane amount of profits for the lower floors units ( especially those who bought early) BUT mediocre profits for the higher floors....

I feel SR at 19xx psf is wayyy too over priced... almost 150psf higher than the first people who bought it.... unless you really placed a high premium on views.. then this possibly can justify the price tag

congrats to the earlier buyers and low floor buyers... they should all be seeing decent paper gains now.

 

[Passerboy]

given so much units in SR and how tall it is, I think we should not be surprised next time in the URA caveats to see insane amount of profits for the lower floors units ( especially those who bought early) BUT mediocre profits for the higher floors....

I feel SR at 19xx psf is wayyy too over priced... almost 150psf higher than the first people who bought it.... unless you really placed a high premium on views.. then this possibly can justify the price tag

congrats to the earlier buyers and low floor buyers... they should all be seeing decent paper gains now.

I agree on this too.

 

[WarChild86]

Kaypo me, using Commonwealth tower, same stack to analyse. 2 bed (689sqft)

2014:
#03-07 > Bought for $949 700
#39-07 > Bought for $1 188 800
Whopping $239 100 GAP.

2018 resale:
#03-07 > Sold for $1.295mil
#39-07 > Sold for $1.32mil
Mere $25k GAP.

Referencing bro1993, it is indeed true that the higher floors lesser profit. The per level difference doesn’t matter anymore when transition to resale.

The lower the floor, the more the gains

 

[topmonster]

So meaning now buying Low floor more worth it ?

 

[WarChild86]

So meaning now buying Low floor more worth it ?

Better upside from investment perspective it seems. If own stay, happy can already