I do believe that the major selling point is the estate status of the development. I do assume that as a growing number of leasehold advancements age across Singapore, we will see even more circumstances of land being returned to the state. The recent failed attempts of advancements like Mandarin Gardens to press via a collective sale does prove a factor that there will be leasehold growths that will certainly run their complete period to expiry.
The next marketing factor will be the lack of brand-new stories of land around. As discussed in my previous evaluation of The Jovell, there are nothing else stories of land that will be released. The only way that there will certainly be brand-new property units in the location will be if a developer acquires a growth in an en bloc sale. There is an all-natural catchment area just north of Parc Komo which ought to provide need for units that are up for rent. Changi Airport is expanding and also the moving of Paya Lebar Air Base to Changi will certainly lead to even more demand for real estate in the location. Also, with the intro of Gem at Changi, this area is seeing some renewal of passion.
The growth is a combined growth as well as there will certainly be 28 business units situated within Parc Komo. This need to be useful for residents although it stays to be seen whether these units can be full of good tenants. There are lots of instances of mixed developments refraining particularly well, specifically in today’s ever-changing digital landscape where shopping is interrupting conventional retail.