Jump to content

Singapore Private Property prices still up or down? Part III

pChou

By pChou,
in Property Buzz

 Share

Recommended Posts

therock

therock

Supersonic

These high asset persons are an asset to us, pun intended

They buy up the super high end without competing with the lower end

They add jobs and put us on the map.

If Bill Gates, Jobs RIP, etc stay here, it will be good. The whole of Washington state worship Gates for example.. he does a lot for them.

↡ Advertisement
  • Praise 2
Link to post
Share on other sites
Mercs

Mercs

Hypersonic

https://www.edgeprop.sg/property-news/view-kismis-bukit-timah-opens-public-preview-july-13

View at Kismis in Bukit Timah opens for public preview on July 13

 

Units in the 186-unit development range from 517 sq ft for a two-bedroom unit, to 1,292 sq ft for a five-bedroom unit. Prices for two-bedders are expected to start from $880,000, and the average selling price will range from $1,550 psf to $1,750 psf.

 

The development is expected to launch for sale on July 20 following the public preview.

post-18880-0-42549400-1562840499_thumb.jpg

  • Praise 3
Link to post
Share on other sites
Tiger1

Tiger1

6th Gear

The 5 mins walk to sgh is true. What people might not know is... If you stay high enough, u will see the SGH MORTUARY.

  • Praise 3
Link to post
Share on other sites
BanCoe

BanCoe

Hypersonic

The 5 mins walk to sgh is true. What people might not know is... If you stay high enough, u will see the SGH MORTUARY.

So I guess they left out Vantage Mortuary Views for some selected units or most units
Link to post
Share on other sites
Tiger1

Tiger1

6th Gear

So I guess they left out Vantage Mortuary Views for some selected units or most units

I saw the design and I think the wide circular gap was oriented to the mortuary. Meaning, units won't see it directly. But, got to really choose the unit properly if really buying. That place is a daily cargo in cargo out place.
  • Praise 2
Link to post
Share on other sites
Rskc

Rskc

5th Gear

The 5 mins walk to sgh is true. What people might not know is... If you stay high enough, u will see the SGH MORTUARY.

If this is referring to the bad luck or being superstitious, the fact remains that those lived there laughed to their bank after enbloc. It could be once in a lifetime for some who lived there.
  • Praise 6
Link to post
Share on other sites
Mercs

Mercs

Hypersonic

Amazing psf of yesteryear

2005 ($496psf) 2019 ($1,551psf) profit (213%)

 

https://www.edgeprop.sg/property-news/resale-unit-leonie-gardens-reaps-18-mil-profit

Resale unit at Leonie Gardens reaps $1.8 mil profit

 

The seller of a unit at Leonie Gardens made the top gain of $1.83 million over the week of June 26 to July 2. The 1,733 sq ft, three-bedroom unit on the 14th floor was bought for $860,000 ($496 psf) in July 2005 and sold for $2.69 million ($1,551 psf) on July 2. The seller made a 213% profit, or an annualised profit of 9% over 14 years.

 

The second top gain made over the week – a 48% profit of $1.45 million – was at Sky@ Eleven, off Thomson Road in District 11. The 2,713 sq ft, four-bedroom unit on the 20th floor was purchased for $3 million ($1,106 psf) in August 2008 and sold for $4.45 million ($1,641 psf) on June 27. This means that the seller made an annualised profit of 4% over 11 years.

 

A unit sold at The Trevose, off Dunearn Road in District 11, made the third most profitable transaction over the week, netting a 99% profit of $1.31 million for the seller. The 1,894 sq ft, four-bedroom unit on the fourth floor was bought in October 2003 for $1.32 million ($696 psf), and sold for $2.63 million ($1,388 psf) on June 28. The seller therefore made an annualised profit of 4% over 16 years.

 

 

On the other hand, the greatest loss incurred over the week was from the resale of a 1,464 sq ft, three-bedroom unit at Caribbean at Keppel Bay in District 4. Having sold the property for $2.12 million ($1,448 psf) on July 1, the seller sustained a 13% loss of $330,000. The unit was purchased in May 2014 for $2.45 million ($1,674 psf). Over a holding period of five years, this translates into an annualised loss of 3%.

  • Praise 4
Link to post
Share on other sites
Mercs

Mercs

Hypersonic

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-homes

Braving 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.

  • Praise 6
Link to post
Share on other sites
Mercs

Mercs

Hypersonic

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)

  • Praise 10
Link to post
Share on other sites
therock

therock

Supersonic

Some warning of recession, so be careful when you consider big ticket items like a new home or even just some fancy reno.. 

  • Praise 6
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...