Quote:
Originally Posted by Unregistered
Don't sell at $2.5m, it will go higher than $3m when the Jurong Lake District is ready. With built up area of 3000sft, even at $3m, the psf is only $1000psf. This is still cheap.
|
You are right. When the Hospitals in Jurong Gateway is ready, there will be many rich doctors working there. Also when the Jurong new CBD is ready, you will have many senior executives - CEOs, CFOs, EVPs, etc - working there. These rich executives earn millions every year, so they will want to live in big houses, with at least 3000 square feet in built up sizes. So, they will likely buy the terraces and semi-Ds in the Westwood or Corporation estates. $3m is no big deal for them as they earn million dollar annual salary packages. If you have the means, you can also buy these cheap $1.5m houses and keep and then can rent out to the foreign doctors and executives (foriegners cannot buy landed properties) at about $15k - $20k a month. This is a good long term investment.