The continue rise of private properties prices comes from different factors. These are just some of them.. 1- Landlords choosing to continue to collect rental due to the good rental rate opportunities, instead of selling it. Eg. Average rental of 1 bedroom in Watertown Punggol has increased to 3500-3800 from 1 year ago 2500. Landlord who initially thought of cashing out the profits, decides to...
The HDB market moving forward will be seeing more stable prices which means that it will be trading around at most 0.5-1% growth. And probably even may see a slight drop if the buyers demand suffer from external factors like unfortunate economic news The volume represents that the high demand is still supported partly from new citizens and 3 year old PRs. This group of buyers suffer from...
I went to check out this transaction from squarefoot, a data research company. This particular unit was bought in year of 2019 at $10.32m and was sold recently at Dec 2022 at $13.78m Firstly, this project is already an art piece of its own, CDL the developer sold 20 units on its first day of launch. And I still remember that the sale was really made through private invitation only. Meaning,...
The hdb upgraders is a market segment that I serve the most. I understand the frustrations and hurdles they have to overcome in order to upgrade into their dream home. I can already see that many of them have already been priced out of the mass market condo. It’s simple maths. The potential gain that they have achieved from the sale of their BTO HDB is not enough to form the downpayment that...
The increased in volume of Dec can be interpreted as the buyers slowly returning back into the resale market after the 30 Sep cooling measures. The prices have not moved downwards in general, but only inched up 0.2%, which also means that sellers that are aiming to break the previous record high will be facing resistance. The Hdb has also announced its strong commitment to make sure applicants of...
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...
