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

RadX

By RadX,
in Property Buzz

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Roh96

Roh96

6th Gear

I know these are the few who will huat now.

 

1) Developer

2) Govt

3) Bank

4) Agent

 

Poor buyers got to wait 30-40 yrs later by 2050 or 2060 than got chance to huat....guru say one  [laugh]

 

I don't think the enbloc numbers can match the new launch not to mention existing units in the market. whatever, the pushing of the property to higher pricing only benefit to rich. Even if an individual cash out and live with their children, their next generation will be paying for his gain. Ultimate the developer wins.

 

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Victor68

Victor68

Turbocharged

I know these are the few who will huat now.

 

1) Developer

2) Govt

3) Bank

4) Agent

 

Poor buyers got to wait 30-40 yrs later by 2050 or 2060 than got chance to huat....guru say one [laugh]

How can you missed out the government that sold the land, give out the permits, etc

Oh sorrie you did. Haha

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Enye

Enye

Hypersonic

wah...30 - 40 years later no huat, today's buyers can go protest at hong lim park or not?

 

:D 

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Roh96

Roh96

6th Gear

40yrs later most of us will be retired and lao kok kok..plenty of time to go hong lim park and talk.

[laugh]

 

wah...30 - 40 years later no huat, today's buyers can go protest at hong lim park or not?

 

:D

 

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Showster

Showster

Twincharged
(edited)

The tendency for these upgraders is to use it first as premium housing with amenities (for 30-40 years), then to cash out on the presumed appreciation of private land after 30-40 years of usage.

 

To eat your cake, and still have it. Whether it will happen or not depends on our own subjective interpretation(s).

 

The alternative is of course to get a HDB and wait for VERS. 

 

No right or wrong.

 

Btw, HDB buyers also can go sit at Hong Lim Park 60 years later if they are unhappy with the terms and conditions of VERS.

 

 

Relying on en bloc to get out of debt is nuts.. bad idea

 

Edited by Showster
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Voodooman

Voodooman

Supersonic

272 moved when 7000 viewings were done doesn't imply a fantastic showing actually. Was thinking they would actually move more units.

 

It means most viewers are going there to kapoh only.

When an analyst says neutral, it means Sell. This one the experts say credible. But 272 out of 2202 is very good, i think. Interest rate dropping, think it is buy buy buy.
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Mercs

Mercs

Hypersonic

Public also wins with more polyclinics and bus interchange!

 

Surely all support!

Yeah ... amenities at doorstep, always a good thing, super convenient [thumbsup]
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Mercs

Mercs

Hypersonic

Attending car show rooms and show flats are singaporean's past time.. nothing to do just go and see see rook rook..

Haha, see see rook rook is fine, free one no need $$$

 

Just dun later tempted hand itchy ... feel like wanna buy [;)][:p]

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Ct3833

Ct3833

Supersonic

Haha, see see rook rook is fine, free one no need $$$

 

Just dun later tempted hand itchy ... feel like wanna buy [;)][:p]

Hand can afford to get itchy is a good problem.
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Mercs

Mercs

Hypersonic

https://sbr.com.sg/residential-property/in-focus/private-residential-property-stock-nearly-hit-370000-units-in-2018

 

A total of 9,112 private residential units received their TOPs in 2018. Overall, new residential property completions in 2019 and 2020 should moderate compared to the supply influx of 2018 with around 8,926 private homes and 4,332 units set to be completed over the next two years.

 

“Coupled with the withdrawal of housing stock from en-bloc sites, little risk of physical oversupply for completed private homes appears likely for the next two years."

 

 

Heated take-up rates met the influx of residential supply as vacancy rates tightened for the fifth straight quarter to 6.4% by end-2018 which translates to 23,596 vacant units. On a quarter-on-quarter basis, the vacant stock of landed houses and non-landed units fell by 9.0% and 5.5% respectively in Q4.

 

In the first quarter of 2019, leasing activity gained momentum after a seasonal year-end slump as overseas nations in the TMT sectors buoyed demands. “In 2019, as many overseas workers from the Technology, Media and Telecommunication sector are making a beeline for Singapore, expect rental demand to be stronger than expected."

post-18880-0-97909500-1553608603.png

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Mercs

Mercs

Hypersonic

https://www.propertyguru.com.sg/property-management-news/2019/3/179013/singapore-luxury-home-prices-up-7-7-in-2018

Singapore Luxury Home Prices Up 7.7% In 2018

 

(Singapore registered the third highest increase in prime residential prices at 7.7 percent, behind Berlin and Shanghai)

 

Prime residential prices across the world’s key cities eased significantly to just 0.4 percent during the second half of 2018, but overall increased by 2.3 percent across 2018, revealed Savills’ world cities prime residential index.

 

Singapore registered the third highest increase in prime residential prices at 7.7 percent, behind Berlin and Shanghai which saw prices climb nine percent and 7.9 percent respectively.

 

Hong Kong posted the fourth highest hike in prices at 7.3 percent, followed by San Francisco (6.9 percent), Tokyo (5.7 percent) and Shenzhen (4.8 percent).

 

Nonetheless, Hong Kong remained that world’s most expensive city, with prices soaring 199 percent over the last 10 years, while Singapore settled in eighth place.

 

Tokyo, on the other hand, came in second, followed by New York, London, Shanghai, Sydney and San Francisco. Rounding off the top 10 list are Paris and Shenzhen.

 

“Without doubt, the world’s wealthy will continue to want to hold one or more world city prime residential properties as part of their investment portfolio, both as a store of wealth and as a base for work and leisure."

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Ct3833

Ct3833

Supersonic

Attending car show rooms and show flats are singaporean's past time.. nothing to do just go and see see rook rook..

I think there are still enough genuine buyers to support the market. A new project around hiugang called park wood collection, there isn't even a show flat, just virtual reality tour also can attract so many Merc and BMW on a single weekend.
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Wt_know

Wt_know

Supersonic

I think there are still enough genuine buyers to support the market. A new project around hiugang called park wood collection, there isn't even a show flat, just virtual reality tour also can attract so many Merc and BMW on a single weekend.

soon ... VR also no have

scan QR code and download

take it or leave it ... [laugh]

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