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Singapore Private Property prices still up or down? Part III


pChou
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Hmmmm ... interesting NDP Rally. PM seems to say that the likelihood of flooding is NOT IF but WHEN. The pics he showed were fairly alarming ... it seems that the Sentosa Cove, Downtown, up to Novena and whole East Coast area at risk of flooding so though steps are being taken the risk is there like raising the area. Will that affect one's decision to purchase properties in these areas cos these are where quite a few prime new developments are albeit 50-100 years risk?

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https://www.edgeprop.sg/property-news/singhaiyi%E2%80%99s-parc-clematis-drew-more-5000-visitoron-preview-weekend

SingHaiyi’s Parc Clematis draws more than 5,000 visitors on preview weekend

 

SingHaiyi intends to release a first phase of 400 units. Units in the Contemporary Series, which range from one- to four-bedroom types, will have prices starting from $699,000. The Elegance Series has a mix of two- to five-bedroom units as well as penthouses with prices upward of $1.113 million. The Signature Series has a mix of three- to five-bedroom units, and prices from $2.056 million.

 

For the strata landed housing units, intermediate terraced houses start from $2.752 million while corner terraced houses are from $3.5 million. Detached houses start from $3.927 million.

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I wrote on this a couple of year back.

 

We are just a tiny island that is at high risk of being submerged when global warming (melting of ice caps) plus tide / weather conditions combine. We have seen that a few times in several places in SG. The incidents will only increase in frequency. It doesn't affect any one location specifically but many / all locations in SG.

 

We need indeed to start working on this early. Our (small) size may play to our advantage though. Fortifying an island will be costly (100 billion as stated by PM), but it will be many (hundred or thousand) folds for larger countries.

 

If any country has the will and the resources to do it ultimately, it has to be Singapore.

 

 

Hmmmm ... interesting NDP Rally. PM seems to say that the likelihood of flooding is NOT IF but WHEN. The pics he showed were fairly alarming ... it seems that the Sentosa Cove, Downtown, up to Novena and whole East Coast area at risk of flooding so though steps are being taken the risk is there like raising the area. Will that affect one's decision to purchase properties in these areas cos these are where quite a few prime new developments are albeit 50-100 years risk?

 

Edited by Showster
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after listening NDR must buy Punggol now

can sell no $2M no talk in 2030? [sly]

no wonder T2 whack all properties in Punggol and travel to Sg Kadut to work ... [laugh]

Edited by Wt_know
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I wrote on this a couple of year back.

 

We are just a tiny island that is at high risk of being submerged when global warming (melting of ice caps) plus tide / weather conditions combine. We have seen that a few times in several places in SG. The incidents will only increase in frequency. It doesn't affect any one location specifically but many / all locations in SG.

 

We need indeed to start working on this early. Our (small) size may play to our advantage though. Fortifying an island will be costly (100 billion as stated by PM), but it will be many (hundred or thousand) folds for larger countries.

 

If any country has the will and the resources to do it ultimately, it has to be Singapore.

Maybe before Trump builds the Wall , we will first
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I wrote on this a couple of year back.

 

We are just a tiny island that is at high risk of being submerged when global warming (melting of ice caps) plus tide / weather conditions combine. We have seen that a few times in several places in SG. The incidents will only increase in frequency. It doesn't affect any one location specifically but many / all locations in SG.

 

We need indeed to start working on this early. Our (small) size may play to our advantage though. Fortifying an island will be costly (100 billion as stated by PM), but it will be many (hundred or thousand) folds for larger countries.

 

If any country has the will and the resources to do it ultimately, it has to be Singapore.

Agree. Many parts of singapore are in low lying land. Fortifying the island is important but have to see which is the most effective and affordable method. We also have to work on how to deal with drainage cos the usual gravity method will not work if the sea level out the fortification is higher than the land mass (such problem is already showing in many cities when there is prolong heavy rain or unusually heavy rain).

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Great southern waterfront is where the excitement is

Good news for folks who own property there ..

Not too late to grab a condo or house there .. Huat ah!

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Great southern waterfront is where the excitement is

Good news for folks who own property there ..

Not too late to grab a condo or house there .. Huat ah!

 

Many things and very exciting too. 

 

But money comes from where?

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You want Pasir Gudang pollution issit?

 

I thought the NDR makes Punggol even less attractive, because the next BIG THING is the SOUTH, and Punggol is furthest thing from the Great Southern Waterfront. In fact, one wonders if the Punggol Digital District (not even mentioned much during the NDR) is ever going to take shape, esp when the Googles and other cool tech companies are already there close to the Southern Waterfront.

 

 

after listening NDR must buy Punggol now
can sell no $2M no talk in 2030? [sly]
no wonder T2 whack all properties in Punggol and travel to Sg Kadut to work ... [laugh]

 

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ok coure la ... that's the CCR hor

no $3M-$5M no talk !

 

Great southern waterfront is where the excitement is
Good news for folks who own property there ..
Not too late to grab a condo or house there .. Huat ah!

 

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Agreed. I thought the idea of the poulders and dykes is quite smart and interesting. By using dykes out at sea to pump out the water, creating low lying dry land (lower than sea level but protected by the dykes), we will create new dry land along the eastern shoreline without having to buy loads of expensive sand - definitely more economical than reclaiming land. From a property investment perspective, in the mid to long term, those East Coast sea facing condos will be impacted. in the first place, these East Coast condos are already quite far away from the sea separated by the noisy ECP. Now the sea will move even further out. Just Tekong using this method is creating 2 Toa Payohs. Can't imagine how far out the poulders are going to be for the mainland. 

 

The good news is the majority of these "owners" of East Coast condos are foreigners - can't help every time I go Tg Rhu or Meyer or Mandarin Gardens or even Changi Business Park,  there are more Indian NRI people than locals. 

 

 

 

 

I wrote on this a couple of year back.

 

We are just a tiny island that is at high risk of being submerged when global warming (melting of ice caps) plus tide / weather conditions combine. We have seen that a few times in several places in SG. The incidents will only increase in frequency. It doesn't affect any one location specifically but many / all locations in SG.

 

We need indeed to start working on this early. Our (small) size may play to our advantage though. Fortifying an island will be costly (100 billion as stated by PM), but it will be many (hundred or thousand) folds for larger countries.

 

If any country has the will and the resources to do it ultimately, it has to be Singapore.

 

Edited by Icemaiden
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Agreed. I thought the idea of the poulders and dykes is quite smart and interesting. By using dykes out at sea to pump out the water, creating low lying dry land (lower than sea level but protected by the dykes), we will create new dry land along the eastern shoreline without having to buy loads of expensive sand - definitely more economical than reclaiming land. From a property investment perspective, in the mid to long term, those East Coast sea facing condos will be impacted. in the first place, these East Coast condos are already quite far away from the sea separated by the noisy ECP. Now the sea will move even further out. Just Tekong using this method is creating 2 Toa Payohs. Can't imagine how far out the poulders are going to be for the mainland. 

 

The good news is the majority of these "owners" of East Coast condos are foreigners - can't help every time I go Tg Rhu or Meyer or Mandarin Gardens or even Changi Business Park,  there are more Indian NRI people than locals. 

Any reason why there are more Indians in Tg Rhu area?

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Don't know. Probably human nature who wants to be around people of the same race / type / culture. Even Mandarin Gardens is now known as "Mumbai Gardens". Not only that, they also take over the MC in many of these condos. But it has helped spur the condo prices in the area. 

Any reason why there are more Indians in Tg Rhu area?

 

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https://www.gov.sg/microsites/ndr2019/greater-southern-waterfront

The idea of adding 9000 units to the Keppel area has many implications

So will they be government HDB or EC

Or will they be private

 

If they are HDB then at one fell stroke the popularity of units in Punggol, Seng Kang and even the new paya lebar areas may become less popular. Given their connectivity issues in the northeast, the property value may plummet.

Likewise those telok blangah flats will suffer with newer flats that have better views.

 

If they are solely private then it’s also going to affect prices of older flats near HarbourFront and even newer ones like the Interlace

 

The draw to stay in town and pay high prices will be less. Those surrounding super expensive condos with less than 90 year lease will drop in price if the new ones are priced lower.

 

The west coast highway may become busy.

Henderson road will also become crowded.

VivoCity stands to benefit big time and rental there may rise.

 

Further down the road, in the quieter areas near train stations, units there stand to benefit from the GSW.

But more ulu places like Whistler and Clematis may face competition and buyers will be drawn to these new ones in time and the upside for these units will be lower.

 

Condos surrounding the Mapletree and the new PSA buildings will benefit greatly.

Houses in the area will get more shops, recreational areas etc do its an exciting time for the belt from Pasir Panjang to Haw Par

 

All in all, very exciting indeed..

More eateries, shops and parks sounds like all good news

Also if a recession comes buyers may hold fire and as the units surrounding the new Keppel area get older they will lose value and make it cheaper for buyers to get a unit.

The government can build HDB units there at AMK prices and there will still be takers.

Edited by therock
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https://www.gov.sg/microsites/ndr2019/greater-southern-waterfront

The idea of adding 9000 units to the Keppel area has many implications

So will they be government HDB or EC

Or will they be private

 

If they are HDB then at one fell stroke the popularity of units in Punggol, Seng Kang and even the new paya lebar areas may become less popular. Given their connectivity issues in the northeast, the property value may plummet.

Likewise those telok blangah flats will suffer with newer flats that have better views.

 

If they are solely private then itâs also going to affect prices of older flats near HarbourFront and even newer ones like the Interlace

 

The draw to stay in town and pay high prices will be less. Those surrounding super expensive condos with less than 90 year lease will drop in price if the new ones are priced lower.

 

The west coast highway may become busy.

Henderson road will also become crowded.

VivoCity stands to benefit big time and rental there may rise.

 

Further down the road, in the quieter areas near train stations, units there stand to benefit from the GSW.

But more ulu places like Whistler and Clematis may face competition and buyers will be drawn to these new ones in time and the upside for these units will be lower.

 

Condos surrounding the Mapletree and the new PSA buildings will benefit greatly.

Houses in the area will get more shops, recreational areas etc do its an exciting time for the belt from Pasir Panjang to Haw Par

 

All in all, very exciting indeed..

More eateries, shops and parks sounds like all good news

Also if a recession comes buyers may hold fire and as the units surrounding the new Keppel area get older they will lose value and make it cheaper for buyers to get a unit.

The government can build HDB units there at AMK prices and there will still be takers.

The year that area is more or less ready with 9000 units is 2040 to even 2050.

 

Most of the developments you mentioned will be at enbloc stage then.

 

From now until then, a whole lifetime of work and activity still needs to be committed, along with an acute short term supply crunch.

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