of cos, it doesn't work this way, PLS TAKE THIS NEUTRAL.. IN ANY WAY WE R JUST MAKING THE SAME COMPISON ACROSS ANY PRODUCTS..
Whatever it is you buying today, avoid buying bcos of jz price, mrt, hoc rebates, rebate packages, artist impression.. There are alot of other factors that many investors today, neglected. The same first five criterias to categorize a prop.. Can be use for things like aster, yc3, Trion, arcuz, serene, n so on..
Firstly, This Dev is not the fair comparison to Icon. Jz like u say City is cheap than Civic. Are they the same type of product first at the very first place..
Secondly, don't just compare due to just pricing. Its not the most crucial factors. Consider internal n external competition. You do swot on business. It's the same logic here. Your threat comes from external as well as internal. Consider upcoming competition of rental n capital appreciation due to other competing or complimentary products like Agile, Kami, Arte, Met n also existing competing and complimentary.. How r they doing so far.. How's the transacted price n rent?
Third, the purchaser mixture, is it highly investors, mix of investor or own stay or high on own stay.. High amount of investors means u hv stiff competition renting n selling, which also means higher pressure to rental /sales, which means u can hardly raise much price. Considering this factors, you got to have your game plan ahead signing the Dotted lines. What you gonna do with the units against all odds to get your unit realistically and predictable done up n rented up among the first at Icon rental?
Fourth, also consider other costs, like post VP Vacancies n other related costs.. What's the cost and waiting time like to achieve 200psf appreciation. And to note that 200psf is not nett gain. To deduct undercon prog int, reno cost, holding cost, insurance, taxes, assessment, tenancies cost.. And project 3 scenarios, what if u really make 200psf, what if u don't, what if u make lesser than target 200psf?
Fifth, how's other YNH similar products deliveries and performance. How's the past performance of YNH products and good graded props, how's the feedback of previous buyers of previous good graded products . Is it appreciating upon VP? Isit easy to rent, or sell upon vp? What's the edge that these product have over other props after taking the consideration of waiting time, other factors and other related cost..
Just a 2cents feedback.. Read at your own risk.. Just give it a thought.. Rmb this criterias not jz for this Development, it works for any other Development
Totally agree with you! I believe what you mentioned are the the factors that not all property investors cover, or not well that i know of. I really think the rookies who interested in Solasta are mainly because FR said it's a grade A project but they are clearly not aware of the mentioned above.
FR lately however has been telling his clients that Solasta won't get positive cashflow at least in the next five years. He only mentioned this after they paid booking I guess. Lol. Too bad for those who didn't study this property well.
Apr 2 2019, 10:14 AM
Quote
0.0174sec
0.59
7 queries
GZIP Disabled