Comparison between the ARTE S and urban Suite

Since my previous post on the Urban Suite, one of my team mate proposed to switch to another project since it has been 7 month no progress for Urban suite.
We went on to do the comparison between the ARTE S and urban Suite.

Pls refer to the below table for detail comparison:

 In term of financial Summarize comparison is as shown in below table.

Some other links related to the ARTE S project nation wide.
(1) http://www.nusmetro.com/newsletter/index.php#1
(2) https://plus.google.com/photos/112649441411306829567/albums/5890067138666804609?banner=pwa&authkey=CMK634SZ4Yad4wE
(3) http://penangpropertyangel.blogspot.sg/2013/01/arte-s-new-exhibition-of-architectural.html

Work with the sales agent, and he gave me what is left for this project:

Location and the Layout Plan

Below are the 2 corner "CUT" design layout plan.

Property around the Bukit Gambier is above $1M with 1400 sqft.
The ARTE developer cut the unit at the corner to half become $600 - $700 per sqft.
I was approach 1 year ago asking me to buyt $1000 per sqft. I did not even want to understand more because if I can buy at that price, I will buy into Gurney Drive.

Block A (Above 19 floor) has unit facing seaview unit, price about $500K plus
Block B is cheaper about $400 K plus.

Te only good exit plan is because it is very hot property and very unique design.
The whole tower is one million and above with high standard surrounding.

Check on the property nearby:
University place: $500k ++
Jade View: $330k ++
Gambier Height: $500k ++
Raffles: $500k ++

Now talking about all the potential upside, are there any down side (RISK)?
Of course each project has the risk, so let's take a look in details one and the only ONE risk.

-Need to change the layout, so need to resubmit to department for approval. The whole process required to go through 20 departments, now is already 13 department approved. The other 7 department is not much related already.

The ARTE S is under commercial title with Housing Development Act Assessment rate higher about $1800.

Exit plan:
-Sell upon completion on 2016.
-Target selling price is $600K
-Gross profit is about $150K in 2 years


Conclusion:
Our team decision is to switch from Urban Suite to Arte S. We could suffer minimal loses with Urban Suite.


Today 18 July, my team member went to visit the Nusmetro showroom, he found out the available unit for sale and listed below.

The cheapest unit available is B-22-01-2 @$448K, and 1 more unit at Block A at $490K. Way so much lower compare to the list above.