High ceilings are among the most impressive features of a home. They make your place look bigger, they’re great for ventilation, and some are even high enough that you can include a mezzanine floor. But at the same time, there are homebuyers who decry these features as a waste of space, and an unjustifiable expense. Here’s a look at whether...
We recently looked at the top-performing shoebox units, among those who bought new. But what about those who bought resale units? These 500 sq ft or smaller units can be even cheaper as resale; and coupled with their already low quantum, some landlords swear by these as rental assets. The question is, whether they can also make you money in...
Did you know that the infinity pool was invented as early as the 1960s by American architect John Lautner? It may be surprising to hear as it does seem like a recent invention, given how modern it looks. But thanks to the rise of Instagram, today, having an infinity pool seems to be the bare minimum in any new condo...
The Trilinq was one of those condos that we’ve recently identified as a slow seller, but that has worked out quite well – if you’ve bought in at the later stages. It had quite an interesting story, to begin with. So the story goes that the developer actually wanted to sell it slowly over the course of the three years...
A common marketing tactic in real estate is to slap "selling fast" on new launch websites. We tend to assume that what starts well will also end well — so any property that's selling out quickly must, by conventional thinking of "wisdom of the crowd", will also end up being a top performer in the resale market. In practice, that...
Would you pay off an Executive Condominium (EC) in full, or buy a District 10 condo on loan? They’re vastly different approaches to real estate, and you might think we’re talking about two different buyer profiles. However, that’s the journey M and her husband went through – from a rather conservative no-mortgage approach to buying an EC, to purchasing a...
A few months ago, we covered whether it is worth paying a premium for integrated or mixed-use condos, such as The Centris, North Park Residences and The Woodleigh Residences. These are 99-year leasehold condos, built above amenities like a shopping mall, MRT stations and bus interchanges and retail outlets (sometimes including a cinema). Being rare, the upside of owning an...
Profitable transactions: 31
Pricing
While The Tennery has recorded 33 unprofitable transactions so far, it has actually also managed to chalk up 31 profitable transactions.
The average profit so far has been $53,108, while the average loss is -$72,710.
But if you want to be really pessimistic about it, a good number of the profitable transactions would actually be just about breakeven or unprofitable if you were to take into account transaction costs (lawyer fees, agent commissions, interest).
So as of today, prices currently stand at $1,083 psf.
The Tennery definitely did garner lots of talk when it first launched back in 2011.
You might be aware of Far East Organisation’s tendency to price at a premium wherever they launch – The Tennery was no different.