Hi,
I believe you are referring to Commonwealth Towers (CT), which I am currently marketing at the moment. In my humble opinion, for CT, based on the monthly mortgage repayments you quoted, rentals in the Queenstown vicinity should be able to cover this amount as this is one of the rare projects with a direct sheltered link to MRT, and this is already an advantage over the Redhill projects. You can also compare with Alexis or Queens condo nearby. You are also nearer to the one-North commercial node, where another tenant pool exists.
I believe you are also aware of the upcoming Queenstown developments by 2020 as announced by the goverment recently. This provides, at the minimal, price support, if not a price catalyst. Thus it explains why CT has moved more than 200 over units since launching a few months back, mostly with investors purchasing.
May I speak to you understand your investment requirements further? Will be glad to share with you the financial calculations involved so you can make you own conclusions whether it is worth it. I also have the latest available star buys info for CT, please let me know if I can share with you more. Thanks and hope to speak to you soon.
Warm regards,
Ivan ERA
97432395
Ivanng10@gmail.com
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