27 Jan '16, 12am

This luxury condo is really nice but comes at a price. Worth the investment? #projectreview

Alex Residences occupies a much smaller surface area than its two closest competitors, Echelon and Ascentia Sky but where it loses out in land size, it more than makes up in almost every other aspect, including price. While Echelon and Ascentia Sky are closer by a few meters to the MRT station, the added savings of a couple of minutes walk comes at a price premium. Smaller units which are always the quickest to sell, are priced lower at Alex Residences than at Echelon. Keep in mind that the smallest 1-bedroom units at Alex Residences are at 44 sqm or 474 sqft whereas at Echelon, they are at 452 sqft. So for a 1-bedroom unit to transact at $940K in Alex Residences against a 452 sqft in Echelon at the same price, then as an investment, Alex Residences is the better choice because of its bigger size and better location. Median psf for 1-bedroom (44 – 47 sqm) units in Alex Res...

Full article: http://www.propertyguru.com.sg/new-project-launch/reviews...

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