Developers’ sales for the week of 27 Feb – 5 Mar 2023 were 302 units The CCR accounted for 20.2% while the RCR and OCR made up 8.3% and 71.5% The top-selling project in the CCR is Royalgreen, followed by The Landmark in the RCR, and The Botany at Dairy Farm in the OCR The Botany at Dairy Farm sold almost 50% on launch day which is within expectations The one and two bedrooms were almost...
Developers’ sales for the week of 20 Feb – 26 Feb 2023 were 182 units The CCR accounted for 30.8% while the RCR and OCR made up 61.5% and 7.7% The top-selling project in the CCR is Pullman Residences Newton, followed by Terra Hill in the RCR, and EC – Tenet in the OCR Terra Hill sold almost 40% of its units on launch day which is within expectations Buyers are mostly staying in the...
Developers’ sales for the week of 13 Feb – 19 Feb 2023 were 114 units The CCR accounted for 61.4% while the RCR and OCR made up 19.3% and 19.3% The top-selling project in the CCR is Peak Residence, Pullman Residences Newton, and The Atelier, followed by Rivière in the RCR, and EC – Tenet in the OCR The Government announced an increase in buyer’s stamp duty (BSD) on 14 Feb It was...
The mad rush for getting the option to purchase OTP done on or before 14 Feb is not as crazy as the past cooling measures. The only real affected buyers are of the higher priced properties. However, a person buying a $5m property, will not be very much affected by a $50k increase in taxes. The newly implemented property tax affects not just the residential but also the non residential...
As a real estate agent that talks to different types of buyers everyday on the ground, we do know that there are a lot more naturalized citizens. As I was marketing an EC in Sengkang The Vales, there were close to 15 groups of buyers that spoke with a Chinese accent but holding onto a pink IC, which means that they are already gotten Singapore Citizenship. This is something unavoidable for a land...
This will not be the last when a good school make a big shift from a prime area to a non mature location. This news came to many with a lot of mixed reaction. While those who have bought Copen Grand EC will be happy with the sudden pleasant surprise, some parents who planned and bought properties way earlier for their kids in Bukit Timah Road will have to make second plans. Due to falling birth...
The appeal of investing in overseas properties is always strong, especially for Singaporeans who benefit from favorable currency exchange rates. However, caution must be exercised when considering this type of investment. Just like with residential properties in Singapore, it's crucial to have a deep understanding of the local rules and regulations before blindly entering the market. One of my...
The continue rise of private properties prices comes from different factors. These are just some of them.. 1- Landlords choosing to continue to collect rental due to the good rental rate opportunities, instead of selling it. Eg. Average rental of 1 bedroom in Watertown Punggol has increased to 3500-3800 from 1 year ago 2500. Landlord who initially thought of cashing out the profits, decides to...
The HDB market moving forward will be seeing more stable prices which means that it will be trading around at most 0.5-1% growth. And probably even may see a slight drop if the buyers demand suffer from external factors like unfortunate economic news The volume represents that the high demand is still supported partly from new citizens and 3 year old PRs. This group of buyers suffer from...
I went to check out this transaction from squarefoot, a data research company. This particular unit was bought in year of 2019 at $10.32m and was sold recently at Dec 2022 at $13.78m Firstly, this project is already an art piece of its own, CDL the developer sold 20 units on its first day of launch. And I still remember that the sale was really made through private invitation only. Meaning,...
