The real estate market is eagerly anticipating the Q2 of 2023, which promises to offer a wide variety of fresh exciting projects for both homeowners and investors. The new launches are set to cater to different groups of buyers, with many projects located close to existing or upcoming MRT stations. Which in turn ensure excellent connectivity to employment hubs, commercial offerings and attractions...
I am bullish about the luxury property rental market. This is not just based on the news reports but also my interactions with my clients & colleagues. Recent months we have seen new record highs for both landed and non-landed prime segments, driven by foreign high-net-worth individuals who are looking to set up family offices in Singapore. These outlier deals have performed well despite the...
HDB resale performance is critical to the health of Singapore's residential property market. The inter relation of HDB resale and private resale markets is also predictable. If HDB resale doesn't do well, private resale will also not do well. The recent decline in HDB resale volume may result in a price drop in the coming months. However, based on our market observations, HDB resale volume...
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...
