We are a family with two children (elder daughter is 15 years, and younger son is three years). We are currently staying in HDB and would like to upgrade to a condo. Some of our requirements for new home are – freehold condo – 3 bedrooms plus utility room – Accessibility should be good (preferably near to mrt and bus...
We can see from the graph and table that the growth rate of Ris Grandeur is almost on par with that of other projects in District 18 and slightly better than the overall market.
The development of Plot 1, whether it be in the form of HDB flats or a condominium, can possibly bring about positive effects on the surrounding properties. If HDB flats are built on the plot, besides the price support that they’ll provide, it could create a potential pool of buyers in the future from upgraders who wish to continue staying in the same area.
At the moment, the area may not be the most accessible but with the upcoming Loyang MRT station that is slated to complete in 2030, accessibility will be improved. One example of this is the recent Pasir Ris 8. Most people couldn’t fathom a Pasir Ris condo going for prices past $2,000 psf. While it is an integrated development, the higher prices of such condos provide a higher anchor now for the rest of the estate. The fact that Pasir Ris 8 sold exceptionally well is telling of the demand and desirability in the area.
We also talked about that in the article linked above too, and if we were to look at the annualised growth rate for Trilive, which you’ve picked out, we can see that regular units are performing slightly better than dual key units. Bear in mind that the pool of buyers looking to purchase dual key units may not be as large as that of regular units too. Dual key units appeal to those looking at rental income while wanting a place to stay without having to buy 2 properties, or multi-gen families looking at greater privacy. These subsets of buyer profiles are quite niche compared to buyers looking at a proper own-stay unit.
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