Skip to main content

Skies Miltonia 1br review

2012 oct 10


Skies Miltonia, a recently launched project near the Orchid Country Club in Yishun, sold over 60% as of last Friday. Totalling 420 units, only 78 are one bedroom units, ranging 484-624sf. Let's take a look at the 484sf layout.

Generally a very decent layout, with potential use of the AC ledge as laundry 'yard' area. Looks like the kitchen may potentially be enclosed as well if you fix up a partition/door. Living, dining and bedroom all decently spacious, with added incentive of natural ventilation for the toilet. Not sure if you are able to have the bedroom door inside so toilet can be accessed by guests without entering your bedroom. From the floor plan looks like there are two doors - both inside and outside, quite rare.

However, from the site plan, it appears all the one bedroom stacks are facing the back of the site, where there is no view of the reservoir plus future blockage potential. This is not unusual, for any full condo project, usually the one bedders face the most disadvantaged facing.

At a indicative pricing of $1100psf, the lower floor units may work out to be <$500k, which is a steal in today's market, however one has to be prepared to live with no mentionable view (perhaps low floor is best if there is ample tree/greenery coverage) and lack of accessibility for own stay, and an untested location if it is for investment / rental purposes.

Comments

Post a Comment

Popular posts from this blog

Condo developers are downsizing units: report - Property Auctions News, Property Investment | PropertyGuru

http://www.propertyguru.com.sg/property-management-news/2014/4/37715/Condo%20developers%20are%20downsizing%20units:%20report?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-29Apr2014&utm_content=links Property developers are building smaller condo units as they compete to keep prices affordable amid tougher market conditions and the government's loan curbs, revealed a Knight Frank study reported in the media. “It appears that there is a reduction in the variety of size ranges since the implementation of the Total Debt Servicing Ratio (TDSR) framework,” said Alice Tan, Research Head at Knight Frank. For instance, five-bedders shrank the most with average sizes of the biggest units dropping from 2,035 sq ft to 1,569 sq ft, while the smallest units in this configuration shrank from 1,605 sq ft to 1,505 sq ft. The next most sizeable reduction was seen in two-bedders. The average size of the largest units decreased from 973 sq ft to 864 sq ft in a o...
Post a Comment
Read more

More sellers selling under Seller's Stamp Duty | The Edge Property Singapore

http://www.theedgeproperty.com.sg/content/more-sellers-selling-under-sellers-stamp-duty?utm_source=Newsletter&utm_medium=Email&utm_campaign=EDM%2021.12.15%20-%20Cover%20Story More sellers selling under Seller's Stamp Duty By Esther Hoon, Lin Zhiqin | December 18, 2015 10:43 AM MYT Tags:  Cover Story Seller's Stamp Duty Parc Rosewood A Treasure Trove Ripple Bay Reflections at Keppel Bay The Minton Four Seasons Park Guillemard Edge Casa Cambio Sellers are letting go of their properties, even if they have to incur seller's stamp duty. However, they generally wait until the SSD falls to 4% in the fourth year of purchase. Based on the latest revision of the SSD measure, homeowners who purchased their houses on or after Jan 14, 2011 and resold them within four years of the date of purchase are required to pay SSD. The SSD rates vary with the holding period, at 16%, 12%, 8% and 4% within the first, second, third and fourth years from the date of purchase respective...
Post a Comment
Read more