Mercs Hypersonic July 12, 2019 Share July 12, 2019 HK/China power big money coming, can expect more demand to luxury properties. https://www.straitstimes.com/business/property/braving-curbs-chinese-buyers-lead-foreign-revival-in-singapores-luxury-homesBraving curbs, Chinese buyers lead foreign revival in Singapore's luxury homes Some of the Chinese investors are apparently buying into these luxury homes in the city state as a safety bet against the US-China trade war. Fresh interest is also being driven by instability in rival financial hub Hong Kong. "The Chinese are coming," "The factors are the issue in Hong Kong and also the trade war... They are looking at the stability of our currency." there has been a rush of potential Chinese buyers to view the property in recent weeks. Other brokers said they were aware of four deals over the last three months where Chinese bought apartments worth $20 million to $30 million in Singapore. ↡ Advertisement 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 12, 2019 Share July 12, 2019 https://www.businesstimes.com.sg/real-estate/property-facing-demand-supply-mismatch-but-redas-sees-limited-price-downside Property facing demand-supply mismatch but Redas sees limited price downside (Commentators say price cuts will be moderate, with more buyers expecting stable or only slight falls in prices; demand from en bloc millionaires to stay resilient) 10 Link to post Share on other sites More sharing options...
therock Supersonic July 12, 2019 Share July 12, 2019 Some warning of recession, so be careful when you consider big ticket items like a new home or even just some fancy reno.. 6 Link to post Share on other sites More sharing options...
therock Supersonic July 12, 2019 Share July 12, 2019 Nice article on reworking your HDB https://www.asiaone.com/lifestyle/make-most-your-5-room-hdb-fresh-layout-ideas 2 Link to post Share on other sites More sharing options...
awhtc 6th Gear July 13, 2019 Share July 13, 2019 (edited) Some warning of recession, so be careful when you consider big ticket items like a new home or even just some fancy reno..On the other hand, wall street is roaring to a new height: Dow ends above 27,000 points for first time, S&P 500 hits record Read more at https://www.channelnewsasia.com/news/business/dow-ends-above-27-000-points-for-first-time-s-p-500-hits-record-11713566 Edited July 13, 2019 by awhtc 1 Link to post Share on other sites More sharing options...
therock Supersonic July 13, 2019 Share July 13, 2019 (edited) This is a very odd situation.. 80% of Singaporeans are supposed to be in HDB, so that leaves 20% in private. And some people are straddling both worlds, so let's add another 10% If we have 6 million people, and another 2 million or so who are foreigners, that makes 3.6 million who are the target buyers. Yet sales are so wild.. So it shows that the local appetite for property is still high, despite what the numbers and news indicate.. Edited July 13, 2019 by therock Link to post Share on other sites More sharing options...
Damienic 5th Gear July 13, 2019 Share July 13, 2019 Anyone seeing One Pearl Bank this weekend? 1 Link to post Share on other sites More sharing options...
Showster Twincharged July 13, 2019 Share July 13, 2019 This is a very odd situation.. 80% of Singaporeans are supposed to be in HDB, so that leaves 20% in private. And some people are straddling both worlds, so let's add another 10% If we have 6 million people, and another 2 million or so who are foreigners, that makes 3.6 million who are the target buyers. Yet sales are so wild.. Mild or wild? Not forgetting the basic down payment for everyone had been adjusted to 25% from last year. That’s a cool 50,000 on top of 200,000 for a 1 million property. Anyone seeing One Pearl Bank this weekend? May not be able to buy but is a must see. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 13, 2019 Share July 13, 2019 anything below $1.25M sporean will whack tested and proven again and again developer knew it agent knew it it’s the “spoken” rules in property huat ah! 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 13, 2019 Share July 13, 2019 (edited) A-list HK actress also live in 80sqm apartment nia that costs S$2M you all mai hiam ... OK ... if ah gong open HDB floodgate to HK ... all will rush to SG with overnight flight https://www.todayonline.com/8days/sceneandheard/entertainment/ada-choi-and-family-live-apartment-smaller-4-room-hdb-flat Edited July 13, 2019 by Wt_know 2 Link to post Share on other sites More sharing options...
awhtc 6th Gear July 14, 2019 Share July 14, 2019 Hong Kong government depends heavily on land sales to sustain its budget. Hence, it colludes with the private developers to push up the land prices. Singapore's property taxes are a significant chunk (~19% in terms of direct taxes in FY2017 excluding GST) of the budget too. https://www.iras.gov.sg/irashome/Annual-Reports/Corporate-Information-and-Highlights/Our-Revenue-Collection/ 4 Link to post Share on other sites More sharing options...
car50 Twincharged July 14, 2019 Share July 14, 2019 This condo should see hot sales Collecting cheques.. studio from 2200pfs plus 2 room from 2100pfs plus high floors will likely be 2500-2800pfs launch prices inline with expectations. the Q is whether there will be further discounts for early birds Table from website Bedroom Type Unit Type Size (sqft) Stack Indicative Starting Prices Studio A1(m) 431 02, 13 From $970K A1 431 03, 14 From $970K 1 Bedroom B1 570 09, 20 To Be Advised B2 527 10 To Be Advised B3 527 21 From $1.1mil B4 560 17 To Be Advised 2 Bedroom C1(m) 700 05, 16 From $1.5mil C1 700 04, 15 From $1.5mil C2 743 06 To Be Advised C3 893 11, 22 To Be Advised C4 807 – 840 19 To Be Advised 3 Bedroom D1 1098 – 1152 01, 12 From $2.5mil D2 1184 – 1216 07 To Be Advised D3 1195 – 1281 08 To Be Advised 4 Bedroom E1 1399 – 1432 18 From $3.5mil Penthouse F1 2691 18 To Be Advised F2 2788 13 To Be Advised F3 2626 06 To Be Advised F4 2777 02 To Be Advised Anyone seeing One Pearl Bank this weekend? 7 Link to post Share on other sites More sharing options...
therock Supersonic July 14, 2019 Share July 14, 2019 2100 psf? I’ll take amber or river gate an older condo Thanks Link to post Share on other sites More sharing options...
Freeder Hypersonic July 14, 2019 Share July 14, 2019 Which Amber r u referring to ? 6 Link to post Share on other sites More sharing options...
therock Supersonic July 14, 2019 Share July 14, 2019 Pretty much all of them are better in IMO.. Link to post Share on other sites More sharing options...
Mercs Hypersonic July 14, 2019 Share July 14, 2019 https://www.todayonline.com/singapore/thousands-throng-one-pearl-bank-launch-including-former-residents-keen-return Thousands throng One Pearl Bank launch, including former residents keen to return 6 Link to post Share on other sites More sharing options...
Theoldjaffa Hypersonic July 14, 2019 Share July 14, 2019 https://www.todayonline.com/singapore/thousands-throng-one-pearl-bank-launch-including-former-residents-keen-return Thousands throng One Pearl Bank launch, including former residents keen to return Alex Poh got 5m... No wonder he wants to champion the enbloc to go thru. And with 5m, he still wants to take loan for the 1m unit that he intends to buy. This guy sounds like a mercenary to me. And Auntie Hui.. so lich. Can buy 2 units and 1 for her son also. The son is very lucky to not have to worry about housing. He better pay it forward to his chewren. Why do I sound so sour grapes? 2 Link to post Share on other sites More sharing options...
awhtc 6th Gear July 14, 2019 Share July 14, 2019 Now a big portion of the expensive new launches is supported by these cash rich enbloc owners. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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