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.
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
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.
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
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.
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
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?
You are absolutely right in saying that price must be right and that location is just one factor. Truth is that property investment in Singapore has evolved into a science akin to buying stocks. Hence, my team uses various tools to analyse and evaluate properties for our clients before we make a recommendation. One of which is a tool with 15 factors to evaluate against.
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