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Is District 15 (Marine Parade) undervalued?

Why are some of the relatively new condos (TOP after 2010) marketing as low as 900 to 1100 psf when Marine Parade HDBS are commanding such premiums in the vicinity?

Seems too good to be true. Relatively cheaper and spacious. Could it be due to the nearby Geylang (red light district effect)?

Please advise. Thanks!
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3 Answers

Abit curious here, are you referring to the penthouses with huge roof terraces that are marketing at that price range? I am only aware that projects marketing at those price range are usually the penthouses units with huge open roof terraces.

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  • WL
    Yes, some are penthouses. Overall, units in that area belong to small development with lower average psf (with exception to new launches).

    So I am wondering, why do Marine Parade HDBs command such high premiums as compared to condos in the vicinity?
Dear sir/madam,

I believe the low $psf units are referring to penthouses or units on ground floor with huge patio space. The premium over the HDBs in Marine Parade are usually applicable for those which are well renovated and sitting on high floors with nice sea view. It will be good to take note that size of such apartments is also decent, therefore commanding a good quantum. Likewise, I have residents in Marine Parade giving me feedback from the ground that they have been monitoring the prices of HDBs in Marine Parade and they are no longer calling as much premium as they used to year on year.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

Claim your free home report today at https://bit.ly/ClaimFreeReport.

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Room Rental @ https://www.facebook.com/SGRentARoom/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A 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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