4 Answers

Aaron Chong
Replied
Hi Queenie, it don't really quite agree with the rental price too. But in my opinion, buyers bought Pinnacle are more because of the size of the unit plus location. As you would not be able to buy any condo that comes with much walking space at Tanjong Pagar area with just 1m.

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Aaron
 97308455 
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  • AB
    Replied
    Those 4 room hdb flats costing $400k that I mentioned to you are all bigger than the units at Pinnacle. Comparing hdb to hdb, Pinnacle seems to be of poor investment value at current prices.
Mike Lim
Replied
Morning Queenie,

For buyers or owners for Pinnacle, one of their main objective is to own a property within Tanjong Pagar area. This is something that nobody can get under $1 mil, for something that is around 85 to 110sqm.

FYI
Mike Lim
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  • AB
    Replied
    What is so fantastic about living in a congested part of Singapore? With everywhere accessible on the island in minutes, I would have expected Singaporeans to aspire living in less congested areas for better quality of life.
Geryl Lim
Replied
Hi Queenie,

Perhaps in your perspective, there is no value in living in this part of Singapore, while others may find it very beneficial, maybe with their parents staying in the vicinity, therefore can help out with looking after the kids, near to office and etc. which is unmeasurable in terms of dollars and cents, which comes along with such convenience. To break it down, we are talking about enjoying this convenience of being in town area for a good 30years at least for current buyer and add on another 50years perhaps for the next generation.

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Geryl LIM
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  • AB
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    I am talking purely from a monetary investment perspective. By the way, there aren't many average Singaporean HDB buyers who need to take up a mortgage for their flats who are willing to pay $500k more just to be near family members. That extra $500k can be used to buy a brand new car with $400k left to invest in other things.
Geryl Lim
Replied
Hi Queenie,

I cannot disagree with you on the loan portion because I do not have statistics to derive a conclusion. I am just curious why are you taking up such a strong stand on this topic. As I was sharing, purchasers of such properties can purely be buying it out to enjoy the intangible values that comes along with it, and if we spread out the $500k over a period of 30years, we are talking about $1400 more a month to buy the convenience which could not be measured. There can be no end to this discussion because of different perspective. Most if not all transactions are done on a willing seller and willing buyer basis.

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
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  • AB
    Replied
    When agents can't justify a property being of good investment value, they will resort to talking about intangible benefits. Please read the question carefully, I was raising the point about agents saying that this project is "good for rental investment".