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...
1 OCTOBER 2022 Relook at last cooling measure.. Non-landed residential resale properties from March 2019 till Sep 2022 The last cooling measure was announced in Dec 2021, seems like a long time ago The subsequent 2 months witness a drop of 1% in terms of average $psf, meaning a $1.5m condo drop to $1.485m. And then in March 2022, we see the rebound of the property, even higher than Dec 2021,...
Another new air con installed.. Another round of cooling measures announced.. Instead of going through the details, I'll talk about directly who's going to be impacted the most. 1A) Condo owners planning to downgrade to hdb resale (below 55 years old) If you are currently in midst of selling your condo and you see this news, please pay attention. You may need more than just the usual extension...
