Property Views

[Coolkidsrock2]

Saw a FH cluster semi-d at around X’mas 2015. Asking slightly around $3mio. Still in market early this year. The landed around it is double the price.

[doodbug]

What is the ‘landed footprint’ of the cluster semi-D like? As in roughly how much land is the unit sitting on?

[lee_yl]

Coolkidsrock2:

Saw a FH cluster semi-d at around X'mas 2015. Asking slightly around $3mio. Still in market early this year. The landed around it is double the price.

2015? That's more than a year ago!
:nailbite:
The FH cluster semi-d I saw has also been vacant for sometime now though I am not sure for how long.

I am trying to understand why the prices & demand for cluster housings have been stagnant. Yes, usually half the price of a landed.

[Coolkidsrock2]

doodbug:

What is the 'landed footprint' of the cluster semi-D like? As in roughly how much land is the unit sitting on?

Sorry I can't remember already as we saw many projects.

[doodbug]

lee_yl:

Coolkidsrock2:

Saw a FH cluster semi-d at around X'mas 2015. Asking slightly around $3mio. Still in market early this year. The landed around it is double the price.

2015? That's more than a year ago!
:nailbite:
The FH cluster semi-d I saw has also been vacant for sometime now though I am not sure for how long.

I am trying to understand why the prices & demand for cluster housings have been stagnant. Yes, usually half the price of a landed.

The area of footprint is usually less than half of the landed perhaps that's why usually half the price. The feel between a cluster and landed is very very different.

[lee_yl]

doodbug:

At the $3m mark I think most people will aim for a freehold unit.

For area like Orchard $3mil can't get you a 3 bedder freehold thus, ppl settle for 99yr? So it depends on the location

[mum_sugoku]

lee_yl:

Coolkidsrock2:

Saw a FH cluster semi-d at around X'mas 2015. Asking slightly around $3mio. Still in market early this year. The landed around it is double the price.

2015? That's more than a year ago!
:nailbite:
The FH cluster semi-d I saw has also been vacant for sometime now though I am not sure for how long.

I am trying to understand why the prices & demand for cluster housings have been stagnant. Yes, usually half the price of a landed.

No idea why.. but even if I find the price attractive, a 4-figure monthly maintenance fee will instantly kill my interest!! :scared:

Plus I too, prefer pure landed to strata landed.

[Coolkidsrock2]

lee_yl:

Coolkidsrock2:

Saw a FH cluster semi-d at around X'mas 2015. Asking slightly around $3mio. Still in market early this year. The landed around it is double the price.

2015? That's more than a year ago!
:nailbite:
The FH cluster semi-d I saw has also been vacant for sometime now though I am not sure for how long.

I am trying to understand why the prices & demand for cluster housings have been stagnant. Yes, usually half the price of a landed.

My guess is small foot-print, high maintenence fees, additional up to $200 a month as quoted to me, for lift, unable to change the exterior or re-built and maybe prefer more privacy.

Also, some of them have neither a lift nor granny's room and not quite suitable for multi-generational family.

[doodbug]

Oh yes…limited parking for guests too at cluster house devts.

[doodbug]

What dissuaded us from a freehold cluster was the high service charge and layout and lack of privacy for the cluster units we saw.