In the next year 2017, mega condo launches by reputable developers will be in a intense competition. Looking at Queens Peak, developed by HY realty and also Parc Riviera by EL Development.
Queens Peak (City fringe) or Park Riveria (Near Jurong CBD) for investors or home buyers?
The Indicative prices are out with Queens Peak (direct overhead sheltered link to Queenstown MRT)
1BR/1+S : 431 to 495 sq ft – $680k to $799k/ $768k to $888k
2BR : 624 to 807 sq ft – $966k to $1.37m
3BR : 807 to 1055sq ft – $1.31m to $1.84m
4BR : 1507 sq ft $2.24m to $2.42m
5BR : 2002 sq ft $2.96m to $3.11m
Penthouse : 4628 to 4768 sq ft – Price to be updated/subject to offer.
Price guide for showflat types :
Type AS1 (1 BR) : from $768k
Type B1 (2 BR) : from $966k
Type C8 (3 BR) : from $1.68m
(For rental reference, 3 bedroomers at next door condo Queens recently transacted between $3,800 to $5150 for the month of October.
Parc Riveria (Unprecedented move, the developer is keeping price the same regardless of level for level 2 to 15 for South Facing units and Level 5 to 15 for North Facing units.
A1/A2 – 463 sq ft $550k
B1 – 603 sq ft $725k
B2 – 646 sq ft $775k
B3 – 710 sq ft $845k
C1 – 904 sq ft $1.05M
C2 – 1012 sq ft $1.10M
D1 – 1152 sq ft $1.25M
D2 – 1184 sq ft $1.275M
(For rental reference, in Sep and Oct 3 bedroomers at next door The Inifinity transacted for $3,500 and 2 bedroomers transacted at between $2,700 to $2,800.)