Private Property prices......still up or down? Part II

[Sdf4786k]

seems like the new ECs and condos GFA getting smaller and smaller... remain in HDB is better? 

 

buy resale unit and gut out the kitchen and toilet 

[Mercs]

ok...call me auntie but not ah soh or ah lian...

 

new neighbour is Ang Mo. Scolded my little kids for making too much noise.

 

aiyoh, see you work so hard...

 

another post you did not update

 

http://www.propertyguru.com.sg/property-management-news/2017/11/164721/almost-one-third-of-parc-botannias-units-sold-during-launch

 

don't slip up again ok?

Nah ... I prefer to call you chiobu or babe

 

AMDK? Kids will be kids, I much rather they make noise than be quiet. But then, to be a good neighbour ... compromise.

 

I only post at random, if to post anything and everything, too busy ... where got time.

 

But no worries, you'll be here to help post updates too ... ok chiobu?

[Mercs]

https://www.edgeprop.sg/property-news/realities-collective-sales

The realities of collective sales

Nov 10, 2017

[Mercs]

https://www.edgeprop.sg/property-news/property-prices-tick-developers-may-face-difficulty-raising-prices-much

Property prices tick up but developers may face difficulty raising prices by much

Nov 13, 2017

[Mercs]

https://www.edgeprop.sg/property-news/unit-sculptura-ardmore-sold-4171-psf

Unit at Sculptura Ardmore sold for $4,171 psf

Nov 12, 2017

[Mercs]

http://www.propertyguru.com.sg/property-management-news/2017/11/164718/home-sales-via-auction-soar-to-record-high

Home sales via auction soar to record high

Nov 13, 2017

 

Auction sales of residential properties in Singapore hit a one-year record high of $31.9 million in Q3 2017, according to a new report from Knight Frank.

 

By value, this respectively translates to a 40.3 percent and 166.8 percent surge from the prior quarter and same period a year ago.

 

With the rebounding housing market, residential units put up for auction under owner sales could drop this quarter and next year.

 

More owners could also delay the release of their properties in the open auction market amidst the anticipated price hike, in light of rising land costs and record bids for en bloc deals and government land sales.

[Mercs]

The rich get richer ... hold 15½ years, profit $4.25 million

 

https://www.edgeprop.sg/property-news/ardmore-park-unit-fetches-425-mil-profit

Ardmore Park unit fetches $4.25 mil profit

Nov 12, 2017

 

At Ardmore Park, two 2,885 sq ft, four-bedroom units on the 22nd floor of one of the 30-storey towers were sold on Oct 31, with caveats lodged on the same day.

 

One unit was sold for $9.6 million ($3,328 psf), garnering the seller a $4.25 million profit as he had purchased it 15½ years ago for $5.35 million ($1,855 psf).

[Mercs]

Huaters and non huaters, Oct 24 to 31

 

[Mercs]

IMHO, with property there is really no real urgency to sell, unless due to personal reasons

 

 

 

http://www.straitstimes.com/business/property/winners-and-losers-amid-the-frenzy

Winners and losers amid en bloc frenzy

Nov 12, 2017

 

"The latest collective sale fever has turned several thousand home owners into instant millionaires - but some others have seen their pot of gold disappear because they sold their units too early."

[Mercs]

http://www.straitstimes.com/business/property/instant-millionaire-but-moneys-for-new-home-and-retirement-craze-over-collective

Instant millionaire from collective sale, but money's for new home and retirement

Nov 12, 2017

[Mercs]

http://www.straitstimes.com/singapore/housing/en-bloc-frenzy-3-questions-you-may-have-about-the-current-hype-over-collective

En bloc frenzy: 3 questions you may have about the current hype over collective sales

Nov 12, 2017

 

WHO ARE THE WINNERS?

 

An 'en bloc' sale is often seen as a windfall for sellers, because of a "collective sales premium" that can be as high as 25 per cent, compared to selling an individual unit on the open market.

 

Developers stand to make a killing as well if new developments from collective sales fetch a good price - though they must time the markets and price the units to sell within five years of the award date, or face punishing taxes.

 

Other potential winners include the Singapore Government, which can boost its financial reserves with land sales. Over the past 15 years, the Government received $10 billion to $20 billion annually on average from land sales.

 

Collective sales also enable capital - through the proceeds - to be recycled back through the economy through new or resale home purchases. Sagging sectors such as construction are expected to get a new lease of life next year as new condominium projects start to be built.

[Mercs]

Why? If no strong demand for new units, how to enbloc fever?

 

"There are currently 17,200 unsold units, down from 40,000 in 2012"

 

 

http://www.straitstimes.com/singapore/housing/en-bloc-the-unblockable-frenzy-whats-behind-the-hype

En bloc, the unblockable frenzy: What's behind the hype?

Nov 12, 2017

 

WHY THE HYPE THIS TIME?

 

Analysts predict that this year's frenzy will spark another cycle similar to the 2005-2008 one, which saw many large sites in prime districts sold collectively, giving a windfall to tens of thousands of sellers.

 

About 2,700 private homes have been sold en bloc this year - more than four times the 600 units sold last year. The total value of the deals has already exceeded $6 billion, with the possibility of even more deals closing by the end of the year. This makes 2017 the third biggest year for such deals in terms of value, after 2007 ($11.7 billion) and 2006 ($9.3 billion), according to Savills senior director research Alan Cheong.

 

On Monday in Parliament, National Development Minister Lawrence Wong offered two reasons for the pick-up - the first time he has spoken on the subject.

 

First, developers are keen to replenish their land banks, which observers say have dwindled to low levels since 2007.

 

Mr Wong had noted a "healthy increase" in the sale of new units in the first three quarters of the year, which in turn translates into unsold supply levels coming down.

 

There are currently 17,200 unsold units, down from 40,000 in 2012, he said.

[Mercs]

Huat ah!

 

 

http://www.straitstimes.com/business/property/blockbuster-land-deals-signal-singapore-property-set-to-sizzle-in-2018

Blockbuster land deals signal Singapore property set to sizzle in 2018

Nov 14, 2017

 

"Singapore's residential and office market has passed its inflection point, embarking on an exciting recovery journey."

 

"With brighter economic prospects and improved market sentiment in the next two to three years, developers are increasingly sourcing land sites to ride the wave of growth for the rest of the decade."

 

Singapore in March relaxed some home-buying restrictions, unleashing pent up demand in a market where property ownership as a proportion of household assets is near a record low.

 

Home prices could rise as much as 10 per cent next year.

 

 

The resurgence in deals suggests Singapore is on course to emulate Hong Kong's red-hot property market, where home values have surged to record highs - following a jump in land prices last year - and office towers have fetched eye-popping prices.

 

"Singapore's property market has largely turned the corner, underpinned by a brightening economic outlook."

 

Residential and Grade A office assets are poised to remain investor favorites for the rest of 2017 and 2018.

 

Residential land sales were boosted by redevelopment deals, or so-called collective sales.

 

These deals have topped S$6.3 billion this year, the highest since 2007.

[tenyawph]

If I have to characterise today's private property market, market sentiments for new launches have improved.  Many previously unsold  units (launched from 2013 onwards) have been sold.  Prices for new launches in 2018 will have to be set higher due to higher acquisition costs by the developers. 

 

To have a full recovery of the private property market, the prices for resale private properties must rise in tandem with the price rise of the new launches.  This is currently not very apparent yet. 

 

If a recession hits Singapore next year, many developers will find it harder to sell their more expensive new launches (those obtained through en-bloc sales).  A big question mark, to be answered when the time comes.

 

 

 

 

[Invigorated]

If I have to characterise today's private property market, market sentiments for new launches have improved. Many previously unsold units (launched from 2013 onwards) have been sold. Prices for new launches in 2018 will have to be set higher due to higher acquisition costs by the developers.

 

To have a full recovery of the private property market, the prices for resale private properties must rise in tandem with the price rise of the new launches. This is currently not very apparent yet.

 

If a recession hits Singapore next year, many developers will find it harder to sell their more expensive new launches (those obtained through en-bloc sales). A big question mark, to be answered when the time comes.

"If a recession hits Singapore next year, many developers will find it harder to sell their more expensive new launches (those obtained through en-bloc sales). A big question mark, to be answered when the time comes"

 

I think this statement holds regardless of the year.

[Showster]

Resales are charging like wild bull now actually.

 

https://www.srx.com.sg/research/42822/private-resale-non-landed-prices-increase-13-in-october-volume-increases-by-187

 

Regarding what happens if recession hits, no worries, there are still many cooling measures strangling the bull. Just loosen any one chain will do the trick.

 

If I have to characterise today's private property market, market sentiments for new launches have improved.  Many previously unsold  units (launched from 2013 onwards) have been sold.  Prices for new launches in 2018 will have to be set higher due to higher acquisition costs by the developers. 

 

To have a full recovery of the private property market, the prices for resale private properties must rise in tandem with the price rise of the new launches.  This is currently not very apparent yet. 

 

If a recession hits Singapore next year, many developers will find it harder to sell their more expensive new launches (those obtained through en-bloc sales).  A big question mark, to be answered when the time comes.

 

[Invigorated]

If I have to characterise today's private property market, market sentiments for new launches have improved. Many previously unsold units (launched from 2013 onwards) have been sold. Prices for new launches in 2018 will have to be set higher due to higher acquisition costs by the developers.

 

To have a full recovery of the private property market, the prices for resale private properties must rise in tandem with the price rise of the new launches. This is currently not very apparent yet.

 

If a recession hits Singapore next year, many developers will find it harder to sell their more expensive new launches (those obtained through en-bloc sales). A big question mark, to be answered when the time comes.

http://www.businesstimes.com.sg/real-estate/city-fringe-resale-condo-private-apartment-prices-touch-new-high-in-october-srx

 

May have slipped under some of our radar.

[white_black]

http://www.propertyguru.com.sg/property-management-news/2017/11/164868/developers-must-now-study-traffic-impact-propose-c?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-14Nov2017&utm_content=links

 

Car lite issue crop up yet again. This time for redevelopment proposals for enbloc property sites. Our dear govt is determined to pursue car lite matter, especially in our land scarce nation with population growth, Ageing society and rising affluence.