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...
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...
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...
