Hi, I plan to to buy a condo at the prime district (D9 or D11) for own stay. I am considering condo at River Valley area & Steven Rd area. Which area will have better future upside when the property market rebounds in future ?
Also, which of the following condo is better in term of location & good value for money :
1. The Cosmopolitan
2. Rivergate
Posted by Thiam Chye Lim on Nov 16, 2008 in Home Buying | 1733 Views
Latest Answers by Real Estate Professionals (3 Answers)
Answer Posted on Nov 17, 2008
Hi Mr. Thiam,
Thank you for posting your enquiry.
To answer the question of "better future upside", we can look at how much the property has fell for the past year. 2007 July to 2008 August
RIVERGATE: ~2250psf to 1600 psf
COSMOPOLITAN: ~2380psf to 1500 psf
The percentage if price reduction is somewhat comparable for this 2 development.
Since you are looking to buy for own stay, in addition to future upside, other factors such as location may be an equally important factor to consider.
COSMOPOLITAN:
(1) Located at the intersection of River Valley Road and Kim Seng Road which is a busy intersection so noise may be a factor.
(2) Has 228 units, somewhat more exclusive than Rivergate which has 545 units.
RIVERGATE:
(1) Located beside Singapore River and encapsulated by a road that sees less traffic.
Feel free to call me to find out more about available units in this 2 developments.
Thank you.
SUNNY THAM
Mobile: 9669-8312
Email: sunnytham@ymail.com
Thank you for posting your enquiry.
To answer the question of "better future upside", we can look at how much the property has fell for the past year. 2007 July to 2008 August
RIVERGATE: ~2250psf to 1600 psf
COSMOPOLITAN: ~2380psf to 1500 psf
The percentage if price reduction is somewhat comparable for this 2 development.
Since you are looking to buy for own stay, in addition to future upside, other factors such as location may be an equally important factor to consider.
COSMOPOLITAN:
(1) Located at the intersection of River Valley Road and Kim Seng Road which is a busy intersection so noise may be a factor.
(2) Has 228 units, somewhat more exclusive than Rivergate which has 545 units.
RIVERGATE:
(1) Located beside Singapore River and encapsulated by a road that sees less traffic.
Feel free to call me to find out more about available units in this 2 developments.
Thank you.
SUNNY THAM
Mobile: 9669-8312
Email: sunnytham@ymail.com
Answer Posted on Nov 17, 2008
Residences in the prime district esp in the city are for the WORLD! Spore GOVT would welcome foreigners to pay premium prices for these properties but properties in suburban/urban are monitored closely by GOVT. D9 and D11 are both good. Choose the one which is near MRT. Contact Doreen 98226564 for more detailed advice.
Answer Posted on Nov 20, 2008
Hi Mr Thiam! If you are looking at River Valley area, there is a new launch around that area which might interest you A LOT, its called RV Suites. If you are interested to take a look, why not give me a call or email?
Anthony Chen
anthonyjeremiel@gmail.com
915 22122
Anthony Chen
anthonyjeremiel@gmail.com
915 22122
Ask a Question
Search Questions & Answers
Browse Questions by Categories
Advertising in PropertyGuru (321)
Condo Questions (5223)
Design, Deco & Renovation (67)
General Questions (3177)
HDB Questions (3192)
Home Buying (6313)
Home Financing (1100)
Home Selling (1372)
Investing in Singapore (473)
Living in Singapore (101)
Property Agents (786)
Property Legal Advice (470)
Property Market (592)
Renting Property (2778)
Using PropertyGuru.com.sg (181)