One Marina Gardens

He initially loved the area for its views of MBS and Gardens by the Bay, but later realized that properties near MBS often perform poorly and lack essential amenities, giving it a score of 6.

He acknowledges the central location but dismisses the impact of new MRTs on future prices and notes the absence of good schools nearby.

He deems the launch pricing of S$2,890 psf to be overpriced compared to the S$2,000 psf average of resale projects in the area, advising buyers to instead help those losing money on existing Marina projects, giving it a score of 3.

He questions the justification for a S$1,000 psf price difference between OMG's S$2,800-S$3,000 psf and the district's resale average of S$2,000 psf.

He found the layouts to be good, particularly the 3-bedroom with a store room and dual-key options, noting their efficiency.

He praises the efficient and harmonized floor plans as a significant improvement over other CBD condos that suffer from excessive balconies, double volume ceilings, or awkward layouts.

He highlighted the complete lack of nearby food options, supermarkets, and schools, stating it’s a 'masang' (empty) area, leading to a very low score.

He points out the lack of good schools and dismisses the Greater Southern Waterfront Master Plan as irrelevant to homeowners' daily needs like schools and MRT connectivity.

He expressed concern over the low car park ratio (30%) and the uncertainty of commercial shops surviving, which would make daily living inconvenient.

Not discussed

He implies that while some projects in the CBD like Marina One have good rental income, the main focus should be capital appreciation, suggesting rental comfort doesn't lead to wealth.

He implies that even with a 'harmonization plan' and efficient layouts, high rental yield in District 1 is not a given if the price is unjustified.

He presents data showing Marina One Residences and Marina Bay Residences having many unprofitable transactions and very limited capital appreciation, indicating poor prospects for OMG.

He highlights Wallich Residences having only one profitable transaction in three years and questions the possibility of achieving good profits in the next three years, citing Lentor as a comparative example of poor recent performance.

He views the 'first mover advantage' as a disadvantage due to the current lack of amenities and demand, and expresses concern over 200 future condos being built immediately around OMG.

He acknowledges Kingsford's strategy of establishing a new township and achieving economies of scale with future plots, but questions its sense given the high initial bid and the need to pay ABSD.

He mentions the pink plot signifying residential with commercial at first story, hoping for shops, but is skeptical if they will survive given the lack of surrounding population.

He mentions the developer's focus on the 'iconic skyline' and 'first mover advantage' to establish a new township but doubts that either regulatory changes (welcoming foreigners) or local families moving there will happen soon enough for a good exit.

He gives a very low score for exit strategy, noting the lack of demand in the area and many 10-year-old listings for sale in similar projects that haven't been bought.

He expresses strong doubt about exiting with a good profit, citing 1,300 listings in District 1 against only 50 transactions per year, indicating very poor liquidity.