Property for Investment and Liv near Paya Lebar - Dakota MRT

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FaeLLe
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Property for Investment and Liv near Paya Lebar - Dakota MRT

Post by FaeLLe » Thu, 15 Jul 2010 3:45 pm

Hi all,

What does everyone think of purchasing a freehold property 650m from Dakota MRT?

I think it should give good capital yields and future appreciation.

My thoughts on this are,

- News of Paya Lebar Business Hub (not sure about this but it sounds true)
- 2001 building but all units recently re-purchased by developer along with land and redeveloped into a posh new building and amazing interiors
- 10 to 20 floors of plot ratio (building height) being unused
- Proximity to center of town (12 mins by direct bus to Suntec City and few stops on circle line to esplanade, 15 mins drive to shenton way)
- Freehold property
- Sea and flyer view from the higher floors

Good reasons to live,
- Near MRT
- Close to Old Airport Road hawker center and wet market
- Cold storage is ok ok near

Price is 1.1 million for mid floor and 1208 sq ft of unit area. No bomb shelter or balcony etc 100% of space is available.

Would be good to hear the peoples thoughts on this.

Singapore Property Search

 

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ksl
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Post by ksl » Thu, 15 Jul 2010 5:31 pm

Too expensive for size, my neighbours daughter just purchased 3 story house, freehold for that price in Paya Lebar 3 months ago, all the family are moving in. Leaving their parents HDB empty.

I think you should push them down at least 150,000 the place is quite small. Paya Lebar is probably the cheapest area of all before the KPE and MRT was built. takes less than 12 minutes to Suntec on KPE and there is plenty of Competition with condo's going up, I'm sure you can get a better price, use one against the other when bargaining. Find the weakest points, with so many to sell, they can afford to discount a couple.

Cold storage is at Kovan 3km away

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sundaymorningstaple
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Post by sundaymorningstaple » Thu, 15 Jul 2010 6:35 pm

Are you sure about the plot ratio? Especially on height restrictions being close to Paya Lebar Airport.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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sundaymorningstaple
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Post by sundaymorningstaple » Thu, 15 Jul 2010 6:36 pm

Are you sure about the plot ratio? Especially on height restrictions being close to Paya Lebar Airport. Also, is on the flight path of the airport.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

FaeLLe
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Post by FaeLLe » Fri, 16 Jul 2010 10:19 am

sundaymorningstaple wrote:Are you sure about the plot ratio? Especially on height restrictions being close to Paya Lebar Airport. Also, is on the flight path of the airport.
Mm yea I saw some of the jets for NDP rehersal flying over the building but was camping there for a few hours and did not notice any flights in the path of the building.
Though I will post the figures from Land Authority once am home.

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