This is where things obtain interesting for Parc Komo. As discussed previously, Parc Komo is the only freehold New Launch condo in the location. What’s more, if you were to consider its land bid rate of $888psf ppr as well as its current average unit providing price of $1,400 psf+ (instead of the anticipated $1,500– $1,600), it does seem instead well valued.
Particularly when you take into consideration that freehold tasks are frequently evaluated a 20%+ price premium of their leasehold counterparts (Jovell’s $1,266 avg psf is 17% less than Parc Komo’s present $1,484 avg psf).
Naturally my problem here is inevitably the place and eventual buyer/crowd draw down the road. As we know, require frequently leads the way for costs– as well as while the task looks really great theoretically, there’s no refuting that it has a string of rivals down the road in the affordability division.
It provide doesn’t have the best of locations in terms of centrality or an MRT station close by. What’s more, if you were to check out the Masterplan, there actually isn’t much room left to construct as well as draw more crowd attention to the location.
Eventually, I think that the employment opportunities in this field will be the key driving variable for those seeking to settle below.
Once that need increases, the other USPs will certainly come into play in bring in purchasers to the basic place (ie. peace, fairly close to big leisure locations and so on).
What would then pique their interest about this particular project would certainly be if the resort-like facade truly took shape as planned, in tandem with the comfort of the 28 business units simply next door (once more on the assumption that they are well tenanted).
To complete, I don’t assume it is highly likely that Parc Komo will explode in the capital recognition scene in the close to term– specifically with the halt in the travel market which does comprise an excellent chunk of rentability below.
From what I have actually seen, Parc Komo does really feel suited a lot more for house owners, and also in that notice their holding power and also inkling to continue to be at the job for many years would absolutely bode well in the admiration division thinking Singapore’s residential or commercial property market continues to rise slowly in the years to find.
What would certainly provide aid greatly would be if more focus is at some point attracted to the location– either through job opportunity or quality of ownstay lifestyle in this job.