There seems to be a big price gap between Bukit Chagar Luxurious Apartment and 2 other nearby Condos, TriTower & TwinTower. Any gurus care to shed some lights on the reason?

The Bukit Chagar Luxurious Apartment is one of the earlier high-rise establishment where there were still "Apartment" terms in play. Facilities wise hands down the newer Tri & Twin Tower wins by miles ahead and this drives demand and the equation here is demand = price.

Furthermore the old apartment tends to have a bigger layout hence what the owners do is they partition it to have more room to rent it out, vs a more modern layout with limited capabilities of partitioning, and that drives up the room rental price even higher.

Last one I think would be the most crucial one as well, is the distance to CIQ. Tri-Tower > Twin Tower > Bukit Chagar Luxurious Apartment. The distrance may not seem to be a huge difference by driving, but when you try to walk it does certainly requires extra effort especially its an uphill road towards the apartment. Not to mention in the safety perspective as well. I'm not sure the condition of the road after reworked, but back then the road there was horribly eerie and dark during night time. Easy for nasty things to happen.

Thank you very much for your insights. I was looking at "investing" (renting out for now, and perhaps own-stay when RTS is completed). Tri* & Twin* definitely have their advantages lest they won't be demanding the high prices. The difficulties in choosing lie in the fact that price gaps are large. Bukit Chagar Luxurious Apt going for around RM500psf or less whereas the other 2 are asking for RM1Kpsf or more. Given this huge price differences, which would you choose if you were me?

This post has been edited by AHGS14: Dec 2 2023, 06:18 PM

Why not looking into meldrum height residence. I think still heve units available

TBH I would only choose the listed properties for own-stay if I don't possess any vehicle. I would rather stay a little bit further from the CIQ area itself because of the constant busy roads (Imagine if you will have to jam back home everyday, but if you aren't driving that will be another story. I do agree with Jojo's POV. Meldrum possesses a little bit more of the own-stay criteria as its opposite has a mall for your daily needs. If you're okay with driving and possesses car, I would look at somewhere around MBW City (which has 3 projects going on, Veranda, Trellis & Avenue). I do think the overall planning of the entire development is better and more own-stay oriented (I don't like Trellis layout and overall as a project though).

But that's just me, speaking from city high rise living pov.

Given such crazy rental price in SG, would the tri tower residence justify for its RM1kpsf? A 13xxsqft asking RM1.3mil onwards.

It has got to be at least RM6k (approx SGD 1.7-1.8k) for breakeven. Can the current market fetch that?

Depends on RTS. If it becomes feasible for white collar workers to live in JB but work in SG, then yes long term can still justify its price.

If the RTS remains as the mrt extension from singapore it could cater for 30k - 40k an hours instead of 10k.

Lrt system is insufficient to cater for the large crowds. Might just reduce abit of the congestion.

confirm Locals won't...

Singaporean there's some chance...

but they also cheapskate type... why spend SGD 1.8k for this when got others which much better, bigger...