The Q3 price increase came largely supported by the strong sales performance of AMO Residences, Sky Eden and Lentor Modern. Setting the new benchmark price point of more than $2000psf in Outside Central Region OCR, the buyers’ appetite and pricing acceptance towards new projects has been strong. What it also means is that, developers will have mixed responses towards securing future land plots...
The question of buying a freehold versus a leasehold property will always be there. The mindset of owning a property forever makes it seems like paying a 15-30% premium is a good deal. But if you're intending to buy & invest for shorter than 25 years, it will actually make more sense to go for a leasehold instead. An easier to understand example will be as follows: Leasehold $10...
If there is further increase on the fed rates, there is a high chance that the Gov will introduce another round of tweaking to have the TDSR stress test at 4.5% The explanation is that if the stress test is lower than the actual interest rates, then it’s not called a stress test anymore. Right now, for private properties the floating SORA cheapest rate is at (3M SORA plus 0.55%) 2.96% offered...
The issue of having Hdb flats being rented out will only be talked about during such crazy times. When people are frustrated and finding a person or a group of people to point fingers to, they will find channels to do it. The main problem we have today is housing shortage due to the construction delays caused by the covid. The people who owned Hdb previously bought them under the prevailing rules set...
Let's read deeper into the news.. "..with serious implications for retirement sustainability, social isolation and national cohesion as Singapore needs to top up the population with immigrants" What does this means? You can see that there are so many major infrastructure projects ongoing in Singapore right now. Greater Southern Waterfront, relocation of Paya Lebar Airbase, expansion of Airport and...
Personally, I have sold a few units of The Quintet EC over at Yew Tee before. The first batch of owners really got lucky because they bought in during a market low and sold during a market high. Many of these families were sitting on a huge pot of gold. Imagine without any effort on your part, except paying for the downpayment and monthly installments, there is a sudden huge amount of money...
The gap between freehold and 99 landed has increased till such that some buyers are being priced out. The next best option will be going for an older 99 years leasehold landed, if space is a factor that cannot be compromised. The downsides of 99 leasehold landed are still there and if you’re exploring entering into this segment, please be aware of the difficulty to exit in the future. This...
What do you see in year 2023? Bulk of supply close to 20,000 units completing and owners collecting keys. Some will rent out, some will own stay, some will sell. These units will become part of the resale market. Rentals could in fact drop due to the large numbers coming into the market. If you’re planning to sell your condo, it’s good to review and look around your vicinity to see if...
6 October 2022 The hdb resale prices continue to increase for the mont of Sep. We will have to see in Oct how the new cooling measures will affect the buying demand of the market. The latest round of cooling measures is targeted more towards the higher price premium hdb flats to prevent them from going up further. Imagine a 4rm prime hdb costs close to $1m, what’s going to happen in 10-20...
5 OCTOBER 2022 For the tdsr adjustment of using 4% instead of 3.5% as means of loan assessment, this is something that was being talked about for quite a while. You see, the reason is that the Gov always want to promote a 'sustainable' property market. If you read the media often enough, you will see the word 'sustainable' being used many times. So what does sustainable means to the Gov? I...
