MarinaBayOwner

As an out-of-state owner of a nearby condo in a mediocre building (the Marina Bay complex), I am deciding whether to put my one bedroom unit up for sale at this time, or to hold onto it with the hope that the Endeavor luxury highrise, which is scheduled to be built 0.7 miles away and possibly completed by the summer of 2007, will help raise my property value. I'm just wondering if anyone has an opinion of what this development, and possibly other new building to follow, might bring to the area in terms of helping to raise property values. I believe my one-bedroom unit are currently valued at $55,000 (or perhaps slightly higher). With Endeavors's starting price of $400,000, might we see our values double anytime soon? I'd be interested in anyone's thoughts on this matter, especially since I am an out-of-state owner and am somewhat removed from the actual neighborhood. Thank you very much. -Marina Bay Owner

As an out-of-state owner of a nearby condo in a mediocre building (the Marina Bay complex), I am deciding whether to put my one bedroom unit up for sale at this time, or to hold onto it with the hope that the Endeavor luxury highrise, which is scheduled to be built 0.7 miles away and possibly completed by the summer of 2007, will help raise my property value. I'm just wondering if anyone has an opinion of what this development, and possibly other new building to follow, might bring to the area in terms of helping to raise property values. I believe my one-bedroom unit are currently valued at $55,000 (or perhaps slightly higher). With Endeavors's starting price of $400,000, might we see our values double anytime soon? I'd be interested in anyone's thoughts on this matter, especially since I am an out-of-state owner and am somewhat removed from the actual neighborhood. Thank you very much. -Marina Bay Owner