Quote:
Originally Posted by Unregistered
Not true, prices have yet to move up in Hillview. Once the Down Town Line 2 opens in 2016, prices will move higher. Right now Bukit Timah condos already selling at $2500 psf, so $1500 psf for an upper class area of Hillview is very cheap.
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My friend - you sound entirely like a property agent, and a new one at that.
Read any analysis of experienced property investors and they will tell you that brand new condos, especially in the context of the premium we are seeing in today's market (30 to 50%), makes little sense for investors.
Buyers of new condos are finding that when they try to rent upon TOP, they are competing with hundreds of other rental units coming onstream at the same time at the same development, with slowing rental demand. This is reflected in various articles in the Straits Times recently.
Moreover, your target tenants in Hillview are very different from that in Bukit Timah, so why buy a Hillview condo for $1500 psf when there are resale Holland Village condos for $1300 to 1500 psf?