I am interested to purchase an investment condo unit and had a few questions:
1) There are talks of some correction, Is now a good time to buy or should I wait and see?
2) I'm looking at possibly getting a 1 bedroom at the Icon, is it better to get a 1 bedroom or a 1 bedroom loft?
3) What are the going prices today for the Icon 1 bedrooms?
4) Does the Icon have good potential for gains compared to other places in Tanjong Pagar? how about against Robertson Walk area?
Posted by Brian on Jul 23, 2010 in Condo Questions | 576 Views
Latest Answers by Real Estate Professionals (7 Answers)
Answer Posted on Jul 23, 2010
Hi,
Just drop me an email at joe2ong@yahoo.com.sg
Rgds
Joseph DWG
Shalom
Just drop me an email at joe2ong@yahoo.com.sg
Rgds
Joseph DWG
Shalom
Answer Posted on Jul 23, 2010
Hi,
If you are keen to sell or buy pls contact me at 98804447 for full details. Let my expertise do the work for you. Hope to hear from you soon.
If you are keen to sell or buy pls contact me at 98804447 for full details. Let my expertise do the work for you. Hope to hear from you soon.
Answer Posted on Jul 23, 2010
Hi Brian,
1) There is a standoff in prices between owners and sellers, and serious sellers are starting to realise that they have to set realistic asking prices if they want their properties to move. Currently, investors who have liquidated their properties are in the lookout for potential unit, especially those urgent sellers or good buys. Investors from other parts of the region has also began considering Singapore as an area of interest due to rising prices in their own countries.
With these information on hand, you can gauge for yourself how the market will move.
2)I personally feel that you will get a better deal with single units.
3) Single bedders are going at about $1700 psf based on past transactions.
4) Icon is one of the most transacted units in Tanjong Pagar. Investors have been able to secure tenants very easily, given its location within the CBD. Convenient for tenants is also the fact that the ground floor contains shops, cafés and restaurants, and its proximity to the Tanjong Pagar MRT station.
Cheers,
Ken Tan
96461490
ken_tankw@yahoo.com.sg
1) There is a standoff in prices between owners and sellers, and serious sellers are starting to realise that they have to set realistic asking prices if they want their properties to move. Currently, investors who have liquidated their properties are in the lookout for potential unit, especially those urgent sellers or good buys. Investors from other parts of the region has also began considering Singapore as an area of interest due to rising prices in their own countries.
With these information on hand, you can gauge for yourself how the market will move.
2)I personally feel that you will get a better deal with single units.
3) Single bedders are going at about $1700 psf based on past transactions.
4) Icon is one of the most transacted units in Tanjong Pagar. Investors have been able to secure tenants very easily, given its location within the CBD. Convenient for tenants is also the fact that the ground floor contains shops, cafés and restaurants, and its proximity to the Tanjong Pagar MRT station.
Cheers,
Ken Tan
96461490
ken_tankw@yahoo.com.sg
Answer Posted on Jul 23, 2010
Hi:
Just went for a economic seminar from a bank last week, the overall sentiment is slowdown no double dip and interest rate will hold till at least 2Q 2011. Owners would rather keep their property with 4% yield rental return rather that keep in the bank for 0.5% return, so prices will most likely not be going down anytime soon. My feel is prices should hold till 2011 anything beyond your guess is as good as mine.
1 bedroom generally has better yield in Icon, however price for loft is cheaper base on PSF.
Prices for 1 bedroom in icon is about 950-1M for low to mid floor. 1-1.3M for high floor.
I had the luck to stay and own both icon and a condo near robertson walk 1 or 2 years back. I prefer Icon because, MRT, market supeermarkets are all nearby and CBD is practically at your door step. Robertson walk area will have quite a big amount of condo completing in these coming 2 years and will make Robertson walk itself look old in comparison. Icon on the other hand has only Altez as a competitor in the next 2 years. My take, Icon will have better yeild in the next 2-3 years.
Just my 2 cents worth. If you need help to look for high yielding units in icon do give me a buzz.
Regards
Boey Yuen San
http://www.propertysan.myweb.sg
Just went for a economic seminar from a bank last week, the overall sentiment is slowdown no double dip and interest rate will hold till at least 2Q 2011. Owners would rather keep their property with 4% yield rental return rather that keep in the bank for 0.5% return, so prices will most likely not be going down anytime soon. My feel is prices should hold till 2011 anything beyond your guess is as good as mine.
1 bedroom generally has better yield in Icon, however price for loft is cheaper base on PSF.
Prices for 1 bedroom in icon is about 950-1M for low to mid floor. 1-1.3M for high floor.
I had the luck to stay and own both icon and a condo near robertson walk 1 or 2 years back. I prefer Icon because, MRT, market supeermarkets are all nearby and CBD is practically at your door step. Robertson walk area will have quite a big amount of condo completing in these coming 2 years and will make Robertson walk itself look old in comparison. Icon on the other hand has only Altez as a competitor in the next 2 years. My take, Icon will have better yeild in the next 2-3 years.
Just my 2 cents worth. If you need help to look for high yielding units in icon do give me a buzz.
Regards
Boey Yuen San
http://www.propertysan.myweb.sg
Answer Posted on Jul 23, 2010
Hi Brian,
We have a new launch soon ... Dorsett Residences@ Outram MRT ( technically unit is on top of the MRT ) definitely a great investment unit. is a Residential cum Hotel project ( Dorsett Regency ).
If you keen we can explore further from here and i can also share with you other potential 1bed units at River Valley or Robertson walk area.
Call me Jetlee @ 90077977
Thks
Jetlee
Huttons
jetlee.agent@gmail.com
We have a new launch soon ... Dorsett Residences@ Outram MRT ( technically unit is on top of the MRT ) definitely a great investment unit. is a Residential cum Hotel project ( Dorsett Regency ).
If you keen we can explore further from here and i can also share with you other potential 1bed units at River Valley or Robertson walk area.
Call me Jetlee @ 90077977
Thks
Jetlee
Huttons
jetlee.agent@gmail.com
Answer Posted on Jul 23, 2010
Hi Brian,
Icon does have reasonable rental yield.
For 1 bder investment property, I do have some useful recommendatino and suggestions.
You can call me at 96722265 to have a second opinion.
Icon does have reasonable rental yield.
For 1 bder investment property, I do have some useful recommendatino and suggestions.
You can call me at 96722265 to have a second opinion.
Answer Posted on Jul 23, 2010
Hi Brian,
may i cordially invite u to call my 24-hr hotline "(65)96997444" for further discussion w/regds to your queries/concerns.
Looking forward to hear from u soon. Meanwhile, God bless your family, u & your career/business!
Shalom,
Gracian (OrangeTee)
h/p :(65)96997444/94368642
email:gracian.ng@gmail.com
may i cordially invite u to call my 24-hr hotline "(65)96997444" for further discussion w/regds to your queries/concerns.
Looking forward to hear from u soon. Meanwhile, God bless your family, u & your career/business!
Shalom,
Gracian (OrangeTee)
h/p :(65)96997444/94368642
email:gracian.ng@gmail.com
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