Property
Analysing Unprofitable Freehold Condos: 4 Reasons Why Starlight Suites Has Performed Poorly
By Stacked Homes  •  August 17, 2023
In July 2023, Starlight Suites set a record-low price since the condo was launched for sale in 2010 – $1,359 psf for a 1,163 sq. ft. unit. It’s not something you’d expect for a freehold luxury development in walking distance of Great World City, while being just shy of 10 years old in age. What could possibly be happening here? Is it the absolute deal of a lifetime, or a problem that sellers are struggling to offload? We took a closer look:

What and where is Starlight Suites?

Starlight Suites is a small (105-unit) freehold project located at River Valley Close, just across the road from River Valley Primary School. Its main highlights are being close to Robertson Walk as well as Great World City (it’s about a 10-to-13-minute walk, and the Great World MRT on the TEL is located there as well).

It’s a prime location to be sure; but Starlight Suites is still one of the bottom performers in District 9.

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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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