Mayland & L&G just announced to develop a land of 22934 sq.m., which is adjoining to The Elements to develop 4 blocks of 45 & 47 storey of serviced apartment. The new development has GDV of 736 millions with 1216 units vs The Elements, GDV=760 millions (this is launching value) with 1040 units. Based on lay man calculation, the new development has a more cheaper price per unit.
With flowing of supply included M-Suites, M-City, The Elements,  This one, Artes, 3 Towers plus some more, approaching 10,000 of supply. They're really heating up this place. How about demands?  Does this area got so many tenants? With the government new rule, flipping to get easy money is not encourage and will definitely not be easy as before. If it's still fliptable, then govt. will think of new rule untill it is not.