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1 review for this Condo
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5
SavyInvestor (4 review )
Reviewed on September 1, 2013 0 helpful votes
Unpolished Gem with expotential potential
The Adelphi is located in 1st Coleman Street, situated next to City Hall MRT. Under the 2008 Master Plan, The Adelphi was zoned under full commercial with a extraordinary high port ratio of 7. Compared to other strata malls like Katong Shopping Singapore and Queensway shopping center, with transacted prices of around $2050-$5450psft and $1682-$8671psft respectively. New malls like NEWEST also transacted at a price of $3451-$7479 psf. Interestingly, these properties mentioned were grouped under "Mix Development" in the 2008 Master Plan, with an average port ratio of 3. These malls are classified as sub-urban malls and are not located in the vicinity of any MRT stations, yet they already command an average price of $5,000 psft. On the contrary, the Adelphi is located next to the future National Art Gallery , a $520million investment by the government that opens in 2015. Therefore, a unit in The Adelphi asking around $3,000-$5,000psft is already a steal because Strata Malls in the city are already sold at $10,000 psft and as compared to the mentioned malls that are not located in the city area. -