Thanks, good stuff. Their recent sale and remaining units show a psf of $2.5k - $2.6k+. Seems to me that at that price people should consider nearby resale units which are cheaper. Also some of them are even freehold [eg. Amaranda Gardens] which would have better long term prospects. No?
As of 16/11, Amaranda has one 4br duplex. U can check out the floorplan. The open terrace is as big as the living and dining room combined. And the psf is $2569psf, for a price of $6.3m. It’s clearly over priced… Meanwhile Chuan Park still has 4br selling at $3.48m, $2609psf. I think the decision is still clear which one buyers should buy! But if an Amaranda pops up in the future under $2.2k psf. Can consider!
Thanks for the really detailed and clear analysis! 1) How do you feel about Chuan Park's ability to achieve +300psf in the next 3-4 year? 2) I agree that the 2b+S is very competitively price when compared to The Scala's 2b+S
1) I don't think using post-Covid growth rates this cycle is a safe assumption. While 3-4% annualized returns seems consistent and more in-line with our economy's growth rate of 2.5% going forward. 2) 👍🙏
That’s a very valid concern, and how I analyze / rationalize this is by calculating the budget of households split into income level deciles. And you’ll be surprised by my findings. Do PM me on WhatsApp if you’d like to know more!
That's a tough question to answer in one para but I'll try. In short, EOK gives you a certainty of exit with profits, while Chuan gives you the ease of exit with profits. It boils down to you as an investor, what's your risk appetite, what's your holding period. Stay tuned for my next video on EOK for my in-depth analysis!
Thanks, good stuff. Their recent sale and remaining units show a psf of $2.5k - $2.6k+. Seems to me that at that price people should consider nearby resale units which are cheaper. Also some of them are even freehold [eg. Amaranda Gardens] which would have better long term prospects. No?
As of 16/11, Amaranda has one 4br duplex. U can check out the floorplan. The open terrace is as big as the living and dining room combined. And the psf is $2569psf, for a price of $6.3m. It’s clearly over priced…
Meanwhile Chuan Park still has 4br selling at $3.48m, $2609psf.
I think the decision is still clear which one buyers should buy!
But if an Amaranda pops up in the future under $2.2k psf. Can consider!
Thanks for the really detailed and clear analysis!
1) How do you feel about Chuan Park's ability to achieve +300psf in the next 3-4 year?
2) I agree that the 2b+S is very competitively price when compared to The Scala's 2b+S
1) I don't think using post-Covid growth rates this cycle is a safe assumption. While 3-4% annualized returns seems consistent and more in-line with our economy's growth rate of 2.5% going forward.
2) 👍🙏
@@OwnThisProperty
I’m just wondering in 3-5 yrs time,how many have the ability to pay 2800psf. Even if there are, how many is willing to pay such prices for LH OCR
That’s a very valid concern, and how I analyze / rationalize this is by calculating the budget of households split into income level deciles. And you’ll be surprised by my findings. Do PM me on WhatsApp if you’d like to know more!
Which is a better investment - EOK or Chuan?
That's a tough question to answer in one para but I'll try.
In short, EOK gives you a certainty of exit with profits, while Chuan gives you the ease of exit with profits. It boils down to you as an investor, what's your risk appetite, what's your holding period.
Stay tuned for my next video on EOK for my in-depth analysis!
@@OwnThisProperty
Shld be harmonized
URA Harmonisation affects land sales from June 2023 onwards so Chuan Park is not affected!