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Mercs: property news & updates


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55 minutes ago, Tiger1 said:

I always enjoyed your posts. Sad that lazy me can't catch up with the new revamped MCF. I have been visiting this forum much lesser now... 😟 

Thank you. Dun worry too much on the new revamp functions. Can still continue to come read the threads and posts that interest you, dun even need to login.

Only need to login if wanna reply 😉 happy reading and hope to see you around more often 🙂

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https://www.srx.com.sg/singapore-property-news/55861/more-than-90-of-300-avenue-south-residence-units-launched-on-first-day-sold?utm_source=TheBusinessTimes

More than 90% of 300 Avenue South Residence units launched on first day sold

Another 200 units, including the Peak Collection, were launched on Sunday, with majority of the units south-facing with waterfront views. Units categorised as the Peak Collection - from the 37th storey onwards - offer unblocked views of the city skyline and are going at more than S$2,250 per square foot (psf).

Units in the project span two 56-storey towers, as well as five conserved four-storey blocks dubbed the Heritage Collection. There are 223 three-bedroom units ranging in size from 947 to 1,302 sq ft, and 104 four-bedroom units from 1,496 to 1,668 sq ft.

Its Heritage Collection units are going at an average price of S$1,780 psf, and the Horizon Collection - or units from the third to the 35th floor - at S$1,980 psf.

 

 

 

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https://www.businesstimes.com.sg/hub-projects/property-2019-september-issue/disciplined-approach-to-land-acquisition-amid

Disciplined approach to land acquisition amid uncertainties

 

(The outlook for the housing market in Singapore remains positive over the long term, presenting good development opportunities with decent margins on a risk-adjusted basis.)

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https://www.businesstimes.com.sg/hub-projects/property-2019-september-issue/luxury-market-continues-to-draw-investors

Luxury market continues to draw investors

 

(Singapore's solid economy and stable political climate make it one of the choice locations for potential investors, especially foreign ultra high net worth individuals seeking luxury residences.)

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https://www.businesstimes.com.sg/real-estate/share-of-new-condo-units-priced-under-s1m-fall-to-24-in-q2-report

Share of new condo units priced under S$1m fall to 24% in Q2

UNIT prices of new condominiums in Singapore trended higher in the second quarter of this year, with the proportion of apartments priced under S$1 million falling to 24 per cent of new units sold, from 37 per cent in the first quarter.

For resale properties, unit price ranges remained relatively stable quarter-on-quarter, other than a rise in the proportion of resale and larger sized units priced above S$3 million to 11 per cent in Q2, from 8 per cent the quarter before. 

Sell-down rates of new projects in the second quarter ranged from 1.7 per cent to 48.9 per cent. Sky Everton achieving the highest sell down rate, followed by Parc Komo at 37.7 per cent. Overall average sell-down rate improved to 19 per cent, from 10.7 per cent the previous quarter.

Outlook for the private housing market in the second half of 2019 remains "cautiously optimistic",  as it stuck to its forecast of 8,000 to 10,000 in sales of new units for 2019.  Prices are largely expected to remain stable with a 3 per cent upside.

"With new project launches expected to pick up in H2 2019 amid strong headwinds from a slowing local economy, ongoing trade tensions between mainland China and USA, Japan and Korea, and the political situation in Hong Kong, demand for non-landed units from foreign buyers may pick up, as Singapore is viewed as a safe investment haven despite the current property curbs,"

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34 minutes ago, Mercs said:

 

See pampered developers too much ...... now all felt $1M condo is too cheap .  

Or elites must have imported many many super rich ....... like haideelau Taokay ........ I go open a new brand "海底捞月“ KTV . 

:grin:

 

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6 minutes ago, Angcheek said:

 

See pampered developers too much ...... now all felt $1M condo is too cheap .  

Or elites must have imported many many super rich ....... like haideelau Taokay ........ I go open a new brand "海底捞月“ KTV . 

:grin:

 

The 'cheap' psf/prices of yesteryears is no more, even EC that was just few hundred psf some years back now no 1K psf no talk. So private condo no need say, been trending higher and higher.

Mentioned many times le ... Expensive SG, playground of the rich 😉 :D

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6 minutes ago, Angcheek said:

 

 whatif Mr Xi block sg property  😅 

 

Mr Xi too busy to bother with us, now hands full with ah Trump 😅  😅  😅  

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10 minutes ago, Angcheek said:

 

 whatif Mr Xi block sg property  😅 

 

Many many many HKers will come buy then? While Singaporean kpkb what we done to make China angry?

😂😂just saying

Safe ride 

Cheers 

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59 minutes ago, PSP415 said:

Many many many HKers will come buy then? While Singaporean kpkb what we done to make China angry?

😂😂just saying

Safe ride 

Cheers 

 

Many PRC dont like SG ....... the Top elites and Commoners .  hahaha.  

 

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4 hours ago, Mercs said:

The 'cheap' psf/prices of yesteryears is no more, even EC that was just few hundred psf some years back now no 1K psf no talk. So private condo no need say, been trending higher and higher.

 

https://www.businesstimes.com.sg/hub-projects/property-2019-september-issue/ecs-have-a-pivotal-role-to-play-in-the-mass-market

ECs have a pivotal role to play in the mass market

with the lack of new launches for ECs, this has led to a rise in prices for ECs as well. In recent times, EC prices have started to cross the S$1,000 psf mark. Using Rivercove Residences as an example, the highest transacted unit price for the development was in April 2018. A unit on level 16 with a size of 89 sq m (958 sq ft) was sold for S$1,086 psf. With the recent transactions of Rivercove Residences in 2019, many units transacted at the S$1,000 psf mark as well.

Furthermore, according to the data retrieved from URA Realis on July 9, 2019, the median price of new ECs increased from S$941 psf (1Q19) to S$1,003 psf (2Q19). This was a 6.5 per cent (q-o-q) price change.

With EC prices starting to form the new benchmark, a lack of supply of ECs will cause mass market private property prices to continue to rise. Thus, from an affordability perspective, Singaporeans who are aiming for their first private home will face a tough hurdle in achieving that dream.

 

 

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https://www.straitstimes.com/business/property/mt-elizabeth-link-serviced-apartment-block-up-for-sale-with-230m-guide-price

Mt Elizabeth Link serviced apartment block up for sale with $230m guide price

bp_mt_elizabeth_090919_119.jpg

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