Re: Sorry need quick reply. So posting here..Paragon Residences Vs Sky Suites MB Land
Once upon a time, I made a rushed decision but with the help of the fellow friends here, I was back on my feet quickly.
Listen to the advices given, think through carefully and focus on your objectives. It seems that you are buying for investment only. There are already a lot of existing condos not far from paragon for you to gauge what the rental is like. Then you do your own projection. Good luck!
I've given serious thought on paragon vs sky suites. For some reasons not convenient to mention, I drop Sky Suites off my radar.
I may pick paragon due to the 1.6billion lido beach development by Temasek Holdings Singapore. When sg investment firm pledged to invest, things will happen. Entire beachfront should be different by 2016. That area has lots of upside potential while those eg Twin Galaxy crammped inside JB city centre can't expand/develop further unless they have their own unique selling points, which I can't find any with Twin galaxy with its 1 level retail food cuisine concept...
My KSL unit has appreciated by 41.8% in value within 1 year and I intend to guard it like a fortress. Aint selling it unless it hit stratospheric levels eg. like 200-300%, and once or IF property bubble shows imminent burst, I will flip it, after 5 years, or even 3 years.
KSL has a resort hotel on top of it with 6,000 sq ft of swimming pool and has quite a good mall, not fantastic, but good enough, below it (somewhere between Lot One in sg and Causewaypoint in sg.) So it is a self contained mini city.
I went to Twin Galaxy launch. Too much hype but little punches. No contest between the two. They should have built a six storey
mall below the Twin Galaxy. But they couldn't pull it off. Budget constraints? Developer is new.
Anyway back to Paragon, price is high and locals wont rent. Probably weekend resort home or target better off expats who want 3 mins to CIQ. Unit facing Danga bay. Historically, seabased condos are worth a lot if held over 5-10 years or more. Key is lasting power.
If it appreciates by 50% and hits a property bubble and burst, and all properties plunges by 50%, I reckon at worst I'm back to square one +50, -50. But over time, price still increases as property is a hedge against inflation (3-5% per year).
That's my 2 cents lar.
Sg condos now selling for $2,500 ringgit psf. Who would want to buy?...sinkieland (yes, I'm singaporean and I'm sick of the sg prices)
Even a mickey mouse studio in sg selling for 1 million + ringgit...shucks..
I pick going from hdb pigoen to another 'enhanced' pigeon with enhanced facilities (paragon has a formidable array of facilities inside, no HDB has such facilities) coz of security concerns as one of my family members is driving my car.
If I drive, I would have got a Double Gated Bayou Creek at Leisure Farm...So logistical problems are preventing me from getting a landed.
I do know landed for own stay is far value for money, but logistics is the obstacle.
And from time to time, like the korean businessman got his hand cut off by malaysian madmen trying to kidnap his son, i aint taking no chances....My life is more important. But that's not to say landed is not safe. It is safe, but probably not as safe as in a well guarded fortress like Paragon or KSL or maybe upcoming 50+ storey Setia Sky 88. Unless malaysian robbers become spidermen then I got to nothing to say...
Dam the crime rate. Bring it down!
