Whistler Grand is located in West Coast Vale. In recent, there have been a couple of rather successful new launches such as Parc Riviera and Twin Vew all along built this new road. I have been living in West Coast area for the past several years, which is why this review would definitely have some personal experience in it.
Whistler Grand – 99-year leasehold condo development which comprises of 716 housing units in two 36-storey high towers. City Development (CDL) won the West Coast Vale plot where the company plans to develop Whistler Grand, CDL made the bid with Whistler Grand price mark hitting $472.4 million translating to S$800 psf per plot ratio.
Location and amenities:
Whistler Grand is located rather deep within the residential enclave of West Coast. It is not feasibly walkable to Clementi MRT (about 28 mins) or any shopping district and market. However, Whistler Grand is surrounded by many educational institutes include Nan Hua Primary (within 1km) ,NUS High School of Mathematics and Science, the National University of Singapore (NUS), and Singapore Polytechnic. As well as international schools such as the United World College of SEA (Dover campus), Japanese Kindergarten, Primary and Secondary schools.
“Where are my potential tenants coming from?”
I think the bulk of the tenants should come from are the two business parks north-west and south of these developments. Based on personal past experience of renting developments around the area, this is the main source of tenants for developments in this area. It is also good to note that government has put in place plans to develop Jurong area, more specifically the Future Jurong Region Line MRT and Jurong Lake District.
Future growth and potential:
In light of recent enbloc fever, Whistler Grand is within proximity to a few sites confirmed for enbloc sales. The following table shows the estimated breakdown of the future launches in those sites. We take into consideration the construction cost at S$350 psf and a 30% profit margin.
|Project Name||Park West||Brookvale Park||Normanton Park|
|Psf Per plot ratio||S$850||S$932||S$969|
|Estimated Breakeven ($350psf)||$ 1,200||$ 1,282||$ 1,319|
|Estimated Profit Margin (30%)||$ 360||$ 385||$ 396|
|Estimated sales price||$ 1,560||$ 1,667||$ 1,715|
Whistler Grand is priced at an average S$1380psf. This gives it a lot of room for future price to go up if future launches are priced as such.
Many investors are drawn to new projects in the west because of the potential upside of Jurong lake district, being the 2nd CBD in future. The Close proximity to Future High-Speed Rail Terminus which connects Singapore to Kuala Lumpur within 90 minutes, also is one of the reasons why buyers are suddenly attracted to this location. A new Jurong Innovation District (JID), envisioned as the industrial park of the future, will be built as part of the Government’s push to encourage more innovation.
“What do these all mean to buyers?”
The way I see it, these new installations are set up to provide an exit strategy which is certainly feasible. The following flowchart briefly illustrates good exit strategies whereby I expect prices to escalate due to Jurong’s transformation.
“Even if it takes 10-15 years and it is in government’s plans, It will happen.”
|Project Name||Parc Riviera||Twin Vew||Whistler Grand|
|Estimated Project launch date||Oct 2016||May 2018||Nov 2018|
|Psf per plot ratio (Land cost)||$ 551||$ 592||$ 800|
|Average Psf||$ 1,400||$ 1,466||$ 1,380|
|Number of units||752||520||716|
“Should I wait to for next plots of land be sold before buying?”
Value for money: ⭐⭐⭐⭐4/5