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With prices of condos falling, it seems to be a buyers market now, with many 3 bedroom older 99yr leasehold condos in the west going for under 900k. With the hype of Jurong Lake District fizzling out, owners ought to reduce their expectations and be realistic with the pricing. This must be the worst project to invest in the west now in terms of pricing, do you agree?
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4 Answers

Allan Chong
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Not necessary if you are using for own stay. New development, new feature, new neighbors, new surroundings mah... But if buying for investment and rental yield, then have to lower expectation in terms of ROI. Read More
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  • AB
    Replied
    Thanks for sharing. Yes, I was referring to ROI as I had used the word "invest". Of course, there is always an intangible side to most things that can't be measured with money, but again if most Singaporeans have to spend close to a million on a property, nobody would be happy to suffer a paper loss.
Steven Wang
Replied
Beauty lies in the eyes of the beholder.

Regardless of location, there will be buyers who find them ideal to their needs. It may be close to their work place, schools, in laws etc.

If your view is that market is bad now and that there are many 99yr LH 3 bedrooms going for undering $1mil, and that J Gateway is the worst project to invest, then dont.

Everyone has different guidelines and needs.

The same can be said about those over 2000 psf in D9 and 10, since the market is bad, and there are also older condos in the same districts that are alot cheaper.

Would you also say the same about them ? Read More
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  • AB
    Replied
    Agents often use intangible benefits to justify bad investments and I think this is not a new pitch. In D9 and 10, luxury condos where owners drive lamborghinis and ferraris as toys are of course priced at a greater premium compared to condos where owners are struggling to pay their mortgage and drive hyundais. You don't see that kind of divide in a heartland town like Jurong where most people who purchase J gateway are heartlanders or upgraders. To add, J gateway is not even close to being a luxury condo. If you have seen the true luxury condos in D9 and 10, you will understand what luxury living is.
Robbie Chen Chee Howe
Replied
I beg to differ.

The total number of condos in the entire Jurong is considered very few, when compare to other districts. Jurong is a very big estate, and more than 95% of the residences there are HDB units.

In fact, I would say Jurong as a suburban estate has the highest potential growth, when compared to other estates like Woodlands, Yishun and Tampines.

PM Lee and the Singapore Government has already in place plans to make Jurong the second CBD of Singapore. Hospital, Hotel and also the High-speed rail are some of the recent and future amenities that could further boost property prices in Jurong.

Singapore Government plan for the long-term, and with such focus on developing Jurong, I believe the potential is huge. Read More
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  • AB
    Replied
    A town can grow in amenities and that doesn't make any condo in that town a good investment. In property investment, location is only one factor, most importantly the price has to be right coz investment is about making money.
Robbie Chen Chee Howe
Replied
And of course, J Gateway has the highest launch price in terms of psf, due to it's prime location.

It really depends on your budget, because you can have the option of a similar-sized new project 1-2 MRT stations away, at about 20% lower.

For further discussion, you can contact me at 97486305  .

Thank you. Read More
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  • AB
    Replied
    I think those HDB flats away from the MRT tracks near Jurong East MRT station are in a more prime location than J Gateway, what do you think?

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