Another lelong unit sold this week.
807sqft sold at 555K.
The highest transacted lelong price so far for unit at Emporis.

Demand is high due to easily convert into room rental / sublet?
Good catch?

Another lelong unit sold yesterday.
Back to below 500K.

807sqft sold at 470K.
Brand new unit.

Good catch?

Another lelong unit sold.

One person misfortune is another person gain

Another lelong unit sold today.
Bumi lot unit.
Single bidder won unchallenged at 445.5K.
807sqft.
Good catch?

Never ending lelong unit from here.
Another lelong unit sold yesterday.
1044sqft.

From 527K, sold at 560K.
Good catch?





And still got another 3 lelong units active in the market now:
F-13-10, 893sqft duplex, reserve price 354,294.
F-07-11, 602sqft duplex, reserve price 328K.
B-23A-07, 807sqft, reserve price 530K.

Heard from a friend who works there, the residential units mostly rented to low budget tenants? Many renting by room and the value hardly appreciated after few years.

Not sure if it's true.

Another lelong unit sold today.
807sqft unit.
From 510K.
2 bidders fight.
Sold at 535K.


Good catch?

Looks like it could be true

Coliving concept. Ownstay buyers won't stay there. Good rental yield though.

What is the end game if value of the property is not appreciating?

Theoretically when the yield is good the value will improves. Guess the reality is investment properties which rely heavily on coliving have to go all the way with rental game? It seems like a 1 way ticket. 😅

F-13-10, 893sqft duplex sold at 390K.

Good catch?

Another lelong unit sold today.
Duplex 602sqft.
Sold at 300K.

Good catch?

That is correct.

This project has too many weak investors. Probably with multiple compression loans. All buy during the peak time. I remember there is a sifu rallying followers in social media to buy this project.

When the tide goes out, all of them found naked.

This post has been edited by gks: Jun 23 2023, 02:19 PM

Another lelong unit sold just now.
807sqft
From 540K.
Attracted 2 bidders.
Sold at 550K.

Good catch?