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...
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...
