Launching: Gilstead 2 and Casa Aerata

Look out for two boutique condominium developments this May targeted at both investors and home-stayers alike.

Gilstead 2 by Selangor Dredging Berhad
Location: District 11, 2 Gilstead Road
Tenure: Freehold
Launch: End May 2010
T.O.P.: 4Q 2014

Type: Gilstead 2 is the newest condo to be launched in the Newton Circus area by Malaysian luxury homes developer Selangor Dredging Berhad, and is within a short walking distance to Newton MRT. The 34-storey development features 106 two-bedroom units of 775 and 904 sq ft respectively, and 2 four-bedroom penthouses with a size of 2830 sq ft. Indicative pricing is approximately S$1.4- S$1.5million for the 775-sq ft units and S$1.8- S$2million for the 904-sq ft units.

Analyst's forecast: This is an excellent location within walking distance to Newton MRT, a stop away from the prime Orchard shopping belt. The upcoming MRT station at Gilstead Road junction in 2015 serving Gilstead residents will prove to be a plus point as Gilstead 2 is located within a 5 minute walk. With efficient room sizes of 775 and 904sqft, Gilstead 2's low quantum will appeal to both investors and new home owners.

Casa Aerata by Ecco Realty Pte Ltd
Location: District 14, 9 Lorong 26 Geylang
Tenure: Freehold
Launch: End May 2010
T.O.P.: 4Q 2014

Type: Casa Aerata is an eight-storey freehold condominium located in the vibrant Geylang vicinity. This city fringe development consists of 78 units ranging from 1-3 bedrooms. The development is within walking distance to Aljunied MRT and the new Circle Line Dakota MRT.

Analyst's forecast: We expect property prices in the Geylang area to soar over the next few years, judging by the prices of neighbouring Paya Lebar and the upcoming Paya Lebar Business Hub. This property will have a tremendous growth potential due to its excellent location and accessibility to the CBD, Integrated resorts and fast access to the airport.

Source credit: Keith Ng, Asia Property Group Pte. Ltd.
www.propertyshowrooms.sg

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