The Nov BTO launch has proven that the HDB is pushing to tame the rising resale Hdb prices. At over 9600 units launching this time round for the Nov BTO, almost double the previous Aug BTO launch at over 4500 units. This time round, many of these sites are very well located and accessible to MRT stations, except the 3 plots over at Yishun. The hot ones will be the usual suspects like the 2...
Leslie is a writer that I have huge respect for the in depth research he does in the field of real estate work. If we read just the headline, we could have missed out the pointers that he raised in this article. From the financial point of view, I’ve always encourage against renting for my clients. It doesn’t make sense to pay rental when you are able to afford your own home in...
The bulk launch of Nov BTO shows that Hdb is serious about controlling the Hdb resale prices by increasing supply side in the BTO. This will potentially create a temporary vacuum in the market where the hopeful applicants wait for a few months for their balloting queue results. The Sep cooling measures is also targeted at private owners who are flushed with profits buying to a bigger size...
The outlook moving forward towards 2023 is shifting towards less optimistic, based on the survey of the industry players. This index at 5.0 though is still much higher compared to the 3.0 COVID 2020 and below 4.0 between year 2013 - 2016 following a series of cooling measures. Why is this index important to us as homebuyers? This sentiment index will reflect the risks that the major players...
From 2009 to 2019, the average annual number of hdb built is at 17,642 units. Mr Khaw Boon Wan served as Minister of MND during 2011 to 2015 Yet due to covid, in year 2020, we only manage to build 7,406 hdb units and in year 2021, the figure is at 13,887. Obviously there is a severe lack of supply in the market, the demand is much more than the new supply. The number of BTO applicants has also...
The total supply in the new township of Lentor will test the developers’ confidence into bidding into this area. Even though AMO and Lentor Modern have achieved superb results on their first day launch of close to 80%, developers will still be cautious about the demand over here. Some of the sites are within 1km of the nearby popular schools which I think will be a factor in play for families...
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...
