Analysis

Analysing Unprofitable Condos: 6 Reasons Why The Tennery Has Performed Poorly

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Sean

Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.

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Joe
Joe
2 years ago

Thanks for the insightful article, as you mentioned Tennery exit price is hampered by cheaper projects within the vicinity. Would you say the same will happen to Provence Residence EC at Canberra years later?

The launch price will be out on 10th May but expected to be around 11xx – 12xx PSF, however, just across the road, there is Visionaire and Brownstone, also around the vicinity we have Canberra Residence, 1 Canberra, etc. all of these had an entry price of around 7XX – 8XX PSF.

Using the same logic as your example, it would be hard for Provence to exit with a gain in the future, since it has to sell at least 13XX – 14XX to gain, whereas older ECs/Condos (in fact not THAT old) in the vicinity with the same (or even bigger) size can sell at a comparably cheaper price (10XX – 11XX, etc.) and still gain due to much lower entry price? Thus Provence will not survive the competition (and Parc Canberra too since their entry price also quite high compared to others in the vicinity, but could be slightly cheaper than Provence due to land price. )

Sam
Sam
2 years ago

Wonder if you could share more on your thoughts on Hillion Residences (“hasn’t exactly set the world alight either”)? I thought it is in a great location and decently priced

Stacked Homes
Admin
2 years ago
Reply to  Sam

Thanks for your feedback Sam, we’ll let our content team know about this and perhaps write our analysis on this project in due time!

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