For the past two weeks, I have been to two different property launches.
Skyline Residences and Thomson Grand.
I shall give a brief description of the two properties here.
Skyline Residences is a freehold project at Telok Blangah area.
Telok Blangah MRT Station (opening in October) is just 200m away. That's only a 2-3 minutes walk to the MRT station.
It has 24 storeys. Their 4th storey is already the height of 10th storey of nearby HDB flats.
Average price of a two bedroom unit = $1.6 million
Average size of a 2 bedroom unit = 829 sqft.
Thomson Grand is a 99-year leasehold project located opposite Pierce reservoir and Singapore Island Country Club. There are no MRT line currently but may have Sin Ming Station nearby under Thomson Line.
It has 20 storeys will all 33 cluster homes sold.
Average price of a two bedroom unit = $1.5 million
Average size of a 2 bedroom unit = 947 sqft.
Both projects have TOP set in 2015.
At the current price, both will not give you any good rental yield. A two bedroom unit is Telok Blangah area should fetch only about $3500 while a two bedroom unit in Thomson area should fetch about $2800. Who knows what will happen in 2015?
Which one is a better choice? Share your thoughts here.