You’ve read dozens of stories about property tycoons and how housing is the best asset – but at the same time, you’ve heard whispered stories about properties sold at a loss. In Singapore, the former is louder than the latter; probably because most people aren’t keen to highlight their losses.
Just as a precaution though, you should pay attention to both the top
and bottom performers in the Singapore private property market. Since few people talk about the bottom half, here are the ones to watch for:
Most unprofitable condos in the Central Region
- Stellar RV
- #1 Loft
- Orange Grove Residences
- Stellar RV
Location: River Valley Road (District 10)
Developer: Alliance Land Pte. Ltd.
Lease: Freehold
Completion: 2015
Number of units: 120 units
Profitable transactions: 0
Unprofitable transactions: 13
According to Square Foot Research, median prices currently stand at $1,724 psf....