Developers’ sales for the week of 26 Dec 2022 – 01 Jan 2023 were 42 units The CCR accounted for 40.5% while the RCR and OCR made up 35.7% and 23.8% The top-selling project in the CCR is Perfect Ten, followed by Rivière in the RCR, and EC - Tenet in the OCR URA’s flash estimates showed that prices were stable, growing by 0.2% in 4Q 2022 There was no new launches with benchmark prices...
In fact, a client who's been renting for the past 3 years called me immediately after seeing this news. Why is this as such? As mentioned already in the article, the current market is still facing low supply with many projects selling fast. The most recent projects like Lentor Modern, Sky Eden and AMO have clearly shown the buying strength from the ground. Outside Core Region OCR projects...
, the main action will be mainly at the city fringe areas, especially in district 05/21/23, south western part of Singapore and district 15, east coast area. There are many units coming up for sale during the first half of the 2023 and buyers who are waiting for good options in the market will look forward to these launches. These projects will be falling under Rest of Central Region RCR....
The issue about enbloc is that, developers are finding it more challenging as compared to buying through Government Land Sales As the current number of 2022 transactions stands, it is still pale in comparison with the vibrant enbloc activity that taken place during the 2017/18 period where land hungry developers start bidding aggressively for land. The previous round of enbloc activities also set...
Let’s explore deeper into the supply and demand side of things to understand what’s happening. Some condo owners are no longer able to shift back to hdb because of the new policy in place. They have to set a higher budget for moving into another condo. Just to share a recent case of mine. A family of 3 recently expecting another new family member coming. They are currently staying in a 2...
While having anchor tenants brings about a strong sense of assurance, the move of such tenants will shake confidence of both the landlord and the accompanying tenants. If you have realized, every time a brand new office tower or brand new mall starts to reach its completion, landlords will rush to secure an appealing anchor tenants. Anchor tenants usually are the big players in the market that...
What does the low market supply means for us as homebuyers in 2023? Despite the 2 rounds of cooling measures implemented for the past 1 year, the housing market remains resilent and showing no signs of dropping. The total number of unsold units have also dropped to 15 year low, which means that buyers who are looking out for new homes in the market will be facing very limited options. As the...
What is annual value and how this news will affect you? In short, according to IRAS website, the property annual value is an “estimated gross annual rent of the property if it were to be rented out, excluding furniture, furnishings and maintenance fees” What it means that if you have bought a $1.5m property and got a monthly rental of $5000, the annual value of the house theoretically should...
At a recent wedding event, I was seated beside a young gentleman talking about him trying for BTO for more than 5 times but still unable to get his choice unit. Upon knowing that I’m in the real estate field, he began asking a lot of questions and questioning the price movements of property market. He became very curious about what he should do and why the property market behaves as...
For many who are familiar with Punggol will know that the development is far from complete. There are still many plots of vacant lands towards the Punggol North where SIT university and digital district will be sitting. Not forgetting the Punggol East where there will be easily 5-7 more estates that will be coming progessively over the years. The addition of this commercial office and retail...
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