Inner City New Launch Condo

[Mrling]

Location Location Location. Once we consider real estate location is vital. GLS land sales at Sturdee Road recieved a maximum of Sixteen tenders with Sustained Land topping the bid at $181 million or $788 psf ppr. Residential development in the neighborhood remains rare which might explain the competitive bids. Sustained Land has named the development Sturdee Residences. This new launch condo is likely to be unveil sometime in the first half of this year. As a result of it good location, we predict Sturdee Residences condo to have very hot respond. Real Estate expert is guessing that developer could be planning for smaller size apartment making it more appealing for rental return. Presently, most of the non-landed housing developments in the vicinity are boutique apartments with Kerrisdale and City Square Residences being the only large size residential condo. Sturdee Road plot of land land size is almost 66,000 sqft with Gross Floor Area of 230,000 sqft and that is likely to be develop into a high-rise apartment with as many as 265 condo.

[busybee]

I think as long as near MRT the new launch will be popular. Lake Grande and Stars of Kovan which is near MRT is also very good project.