The Landmark vs One Pearl Bank

LWZ

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Don't think there's any particular estate where the lowest of the low congregates. The bad eggs should be quite well spread out across all the rental flats, and even then, they wouldn't be the majority of the populace there. Most of the residents are just victims of circumstances (especially the kids) or decision-making at one point in time or another.
 

scanner007

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Don't think there's any particular estate where the lowest of the low congregates. The bad eggs should be quite well spread out across all the rental flats, and even then, they wouldn't be the majority of the populace there. Most of the residents are just victims of circumstances (especially the kids) or decision-making at one point in time or another.
Clarke Quay, CDL plans to demolish Central Mall and build a mixed-used office, retail, hotel and serviced apartment complex. The surrounding city fringe area at Chinatown is overdue for redevelopment to rejuvenate the area.
 

NiShiZhu

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scanner007

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Actually though many shops are dying, I kinda like central mall for its peaceful ambience.
Liang Court is another place I go often as well in the past.
Yes indeed. A lot over the central mall is dying especially during the weekend which is sharp contrast over Chinatown point.

Let see the launch price over CanningHill Piers(revamp of Liang Court). Should be lauching at 2H 2021.
If the price is near Midtown level (likely), it will provide good support price over Landmarks too (am I right? ;)).
 

Andrew@SG

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How’s the sales for OPB doing? Is it a good investment project? I like it more than landmark and ASR due to the connivence and design.. any opinion in terms of investment potential?
 

Andrew@SG

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Thanks! The post has more info on landmark... Hoping to hear more views on One Pearl Bank
 

JT9988

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Not sure how is the sales of Landmark but OPB has been selling quite well since Feb this year. They sold 25 units in July!!
 

JT9988

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So with COVID, I think the buyers are mostly local! Can't imagine if foreigners come into the mix...no wonder the price keep increasing even at this uncertain time!
 

Bluebirdhill

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Was studying the new launches and resale units in this area and the Greater Southern Waterfront area. Went to the OPB showroom flat to find out more too but the asking price seems to be astronomical given 99 years and purely based on branding?

Wonder if any one here has any thoughts on the spottiswoode area? This seems to be a really undervalued estate as the only freehold condos in the greater southern waterfront area, relatively young only 6ish years old, and only at 2.1k psf. Seems very reasonable versus the new launches in the surrounding region that are all leasehold 99 years and asking crazy high prices of 2.5-2.7k psf??

Eyeing spottiswoode residences in particular, most attractive past txn price point out of the 3 (18, suites, residences), not sure if any one has any thoughts? Looking for investment, and investment potential seems to be much higher given significantly lower price point and strong holding power given freehold.
 

CargoSQ

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Eh did a quick search on PropertyGuru, seems like spottiswoode residences only have 2br on sale and it’s 2.1k psf.
 

daheigou999

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Was studying the new launches and resale units in this area and the Greater Southern Waterfront area. Went to the OPB showroom flat to find out more too but the asking price seems to be astronomical given 99 years and purely based on branding?

Wonder if any one here has any thoughts on the spottiswoode area? This seems to be a really undervalued estate as the only freehold condos in the greater southern waterfront area, relatively young only 6ish years old, and only at 2.1k psf. Seems very reasonable versus the new launches in the surrounding region that are all leasehold 99 years and asking crazy high prices of 2.5-2.7k psf??

Eyeing spottiswoode residences in particular, most attractive past txn price point out of the 3 (18, suites, residences), not sure if any one has any thoughts? Looking for investment, and investment potential seems to be much higher given significantly lower price point and strong holding power given freehold.
While psf is low, quantum for 2BR is $1.9-2m due to its large balcony space :o Quantum is important here, since this area is driven by rental yield :o

Value should hold well with upcoming MRT and GSW over the long run :o
 

normoh

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Think OPB need to wait for fire sale on the fifth year, but then not sure if they will do a Far-east move and buy all the remaining stock and sell slowly...
 

CaptainSGP

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Think OPB need to wait for fire sale on the fifth year, but then not sure if they will do a Far-east move and buy all the remaining stock and sell slowly...
I think unlikely as they are already around 65% sold. Capitaland has until 2H2023 to finish selling (5 + 0.5 years). Maybe Landmark & OB may have a chance but it's still too early to say.
 

dareaper

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Was studying the new launches and resale units in this area and the Greater Southern Waterfront area. Went to the OPB showroom flat to find out more too but the asking price seems to be astronomical given 99 years and purely based on branding?

Wonder if any one here has any thoughts on the spottiswoode area? This seems to be a really undervalued estate as the only freehold condos in the greater southern waterfront area, relatively young only 6ish years old, and only at 2.1k psf. Seems very reasonable versus the new launches in the surrounding region that are all leasehold 99 years and asking crazy high prices of 2.5-2.7k psf??

Eyeing spottiswoode residences in particular, most attractive past txn price point out of the 3 (18, suites, residences), not sure if any one has any thoughts? Looking for investment, and investment potential seems to be much higher given significantly lower price point and strong holding power given freehold.
inefficient layout, and currently still somewhat inconveniently located for the next 4-5 years before cantonment mrt is completed... GSW will probably be delayed to 2030 or later? By then spottiswoode residence would be 15 years old, will probably still make money through inflation... if you got primary school kids, there's not much primary school options around this area too.
I think unlikely as they are already around 65% sold. Capitaland has until 2H2023 to finish selling (5 + 0.5 years). Maybe Landmark & OB may have a chance but it's still too early to say.
OPB had a fire sale/price drop earlier this year for selected units IIRC... anyway capitaland is known to do price drops and screw the early buyers from their past projects...
 

CaptainSGP

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Eh did a quick search on PropertyGuru, seems like spottiswoode residences only have 2br on sale and it’s 2.1k psf.
Deduct the bay window areas from the total sqft & u will realise it's not cheap. Same for Interlace & D'Leedon
 

Passerboy

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Was studying the new launches and resale units in this area and the Greater Southern Waterfront area. Went to the OPB showroom flat to find out more too but the asking price seems to be astronomical given 99 years and purely based on branding?

Wonder if any one here has any thoughts on the spottiswoode area? This seems to be a really undervalued estate as the only freehold condos in the greater southern waterfront area, relatively young only 6ish years old, and only at 2.1k psf. Seems very reasonable versus the new launches in the surrounding region that are all leasehold 99 years and asking crazy high prices of 2.5-2.7k psf??

Eyeing spottiswoode residences in particular, most attractive past txn price point out of the 3 (18, suites, residences), not sure if any one has any thoughts? Looking for investment, and investment potential seems to be much higher given significantly lower price point and strong holding power given freehold.
There is a reason why Spottiswoode condo prices have stagnated despite it being FH and close to city centre, the layout for the condos there are relatively inefficient w household shelter, planter and huge balcony. Quantum wise it is also not the most affordable.
 

CargoSQ

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There is a reason why Spottiswoode condo prices have stagnated despite it being FH and close to city centre, the layout for the condos there are relatively inefficient w household shelter, planter and huge balcony. Quantum wise it is also not the most affordable.
Yea I agree
 

Bluebirdhill

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i think need to look at the layouts across all 3 of the condos (18, suites, residences) in that area. Of the 3, residences has the most efficient squarish layout, good placement of HH shelter and balcony that can be enclosed by ziptrack (most condos have this anw).
Purely from investment pov, quite okay to look at 1BRs in that estate (Which are 600sqft, bigger than some 2br condos out there) with lower quantum. Rental yield is 3~% and can hold and wait for appreciation with GSW and cantonment station coming up. Dont think GSW in general would be as suitable for families with kids (finding schools etc..), similar for other new launches in that area if you want to be situated beside a good school.
 
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