PropSG 2nd Gear August 4, 2020 Share August 4, 2020 https://www.theedgesingapore.com/news/results/oue-reports-losses-2072-million-fair-value-loss-recognition?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting OUE reports losses of $207.2 million on fair value loss recognition ↡ Advertisement Link to post Share on other sites More sharing options...
PropSG 2nd Gear August 4, 2020 Share August 4, 2020 https://www.edgeprop.sg/property-news/thakral-corporation-acquires-its-tenth-site-expand-retirement-resorts-new-south-wales-australia?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting Thakral Corporation acquires its tenth site to expand retirement resorts in New South Wales, Australia Link to post Share on other sites More sharing options...
Mercs Hypersonic August 5, 2020 Author Share August 5, 2020 https://www.edgeprop.sg/property-news/mixed-use-building-along-river-valley-road-sale-24-mil Mixed-use building along River Valley Road for sale at $24 mil 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 5, 2020 Author Share August 5, 2020 (edited) https://www.propertyguru.com.sg/property-management-news/2020/8/191090/hdb-resale-market-avoided-major-price-correction-during-pandemic HDB Resale Market Avoided Major Price Correction During Pandemic https://www.99.co/blog/singapore/confession-i-bought-a-penthouse-at-27-it-was-the-worst-decision-of-my-life/ Confession: I bought a penthouse at 27, it was the worst decision of my life https://www.propertyguru.com.sg/property-guides/parc-komo-a-freehold-oasis-with-unparalleled-affordability-30938 https://www.propertyguru.com.sg/property-guides/au-revoir-france-expat-couple-says-bonjour-to-new-home-in-singapores-little-france-30929 https://www.straitstimes.com/business/economy/mas-to-enhance-transparency-data-availability-of-sora-rate-benchmark-to-spur-its MAS to enhance transparency, data availability of Sora rate benchmark to spur its adoption Edited August 5, 2020 by Mercs 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 5, 2020 Author Share August 5, 2020 https://www.businesstimes.com.sg/real-estate/prices-of-toniest-flats-slipping-but-theyre-not-exactly-a-steal-yet Prices of toniest flats slipping, but they're not exactly a steal yet 7 Link to post Share on other sites More sharing options...
car50 Twincharged August 5, 2020 Share August 5, 2020 21 hours ago, Mercs said: just pay much more for short term 6 months rental, sure lots of landlords will grab 2-3 year recovery? maybe fast when an effective vaccine is available 5 Link to post Share on other sites More sharing options...
car50 Twincharged August 5, 2020 Share August 5, 2020 2 hours ago, Mercs said: https://www.businesstimes.com.sg/real-estate/prices-of-toniest-flats-slipping-but-theyre-not-exactly-a-steal-yet Prices of toniest flats slipping, but they're not exactly a steal yet "For those with smaller budgets, there is little to cheer as prices in the more affordable rest of central region (RCR) and outside central region (OCR) have even risen as remote working becomes more prevalent" "On potential CCR buys, Ms Wong suggested the following projects which are marketed by PropNex. Marina One Residences has seen the average transacted price fall to about S$2,330 psf in recent quarters compared to around S$2,550 psf in the first nine months of 2019. There is also Leedon Green, a freehold development with an average transacted price in 1H 2020 of $2,690 psf and 99-year leasehold Kopar with an average transacted price of $2,287 psf, she said." In short, all still expensive whether RCR or CCR. Kopar 99LH at newton junction 2000-2500pfs not cheap but maybe relatively cheap compared to 99LH woodleigh residence, parc colonial, poiz etc $1700-2000pfs at potong pasir and braddell area 4 Link to post Share on other sites More sharing options...
PropSG 2nd Gear August 6, 2020 Share August 6, 2020 https://www.theedgesingapore.com/capital/results/provisions-rise-while-dividends-fall-dbs-posts-26-y-o-y-fall-earnings-1h20?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting DBS posts 26% fall in 1H20 earnings to $2.41 bil; increases provisions, lowers dividend to 18 cents 1 Link to post Share on other sites More sharing options...
PropSG 2nd Gear August 6, 2020 Share August 6, 2020 https://www.edgeprop.sg/property-news/portfolio-nine-999-year-leasehold-commercial-units-sale-177-mil?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting Portfolio of nine 999-year leasehold commercial units for sale at $17.7 mil Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 21 hours ago, car50 said: just pay much more for short term 6 months rental, sure lots of landlords will grab 2-3 year recovery? maybe fast when an effective vaccine is available Most landlords would still prefer longer term (at least 1 year) as such tenants more likely to upkeep the property less hassle/ headache rather than having high turnaround every 3-6 months. 2-3 years to stable, last heard vaccine may only be available end 2021 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 21 hours ago, car50 said: "For those with smaller budgets, there is little to cheer as prices in the more affordable rest of central region (RCR) and outside central region (OCR) have even risen as remote working becomes more prevalent" "On potential CCR buys, Ms Wong suggested the following projects which are marketed by PropNex. Marina One Residences has seen the average transacted price fall to about S$2,330 psf in recent quarters compared to around S$2,550 psf in the first nine months of 2019. There is also Leedon Green, a freehold development with an average transacted price in 1H 2020 of $2,690 psf and 99-year leasehold Kopar with an average transacted price of $2,287 psf, she said." In short, all still expensive whether RCR or CCR. Kopar 99LH at newton junction 2000-2500pfs not cheap but maybe relatively cheap compared to 99LH woodleigh residence, parc colonial, poiz etc $1700-2000pfs at potong pasir and braddell area Agree, property market resilient holding up welll, I see those new launch 99lh sell psf prices i feel giddy 😛 As mentioned prior, at such psf can buy TWO near mrt one ownstay one rental instead of just 1, put in 50K each reno to 'brand new' for stay comfort/ higher rental. As always ... 'go resale for better value' 😉 5 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 https://www.straitstimes.com/business/economy/singapore-likely-to-rebound-from-recession-achieve-7-per-cent-gdp-growth-in-2021 Singapore likely to rebound from recession, achieve 7 per cent GDP growth in 2021: Report https://www.businesstimes.com.sg/real-estate/hdb-resale-volume-in-july-highest-in-two-years HDB resale volume in July highest in two years https://www.businesstimes.com.sg/banking-finance/borrowers-in-jobs-at-risk-face-tighter-processing-for-new-home-loans Borrowers in jobs at risk face tighter processing for new home loans (Those with variable income in certain virus-hit industries affected; banks supportive of existing borrowers seeking refinance) 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 https://stackedhomes.com/editorial/propertys-age-affect-rental-income/ https://www.99.co/blog/singapore/beirut-explosion-is-it-safe-to-live-near-an-industrial-area-in-singapore/ https://www.99.co/blog/singapore/sengkang-grand-residences-covid-taught-importance-of-amenities/ https://www.propertyguru.com.sg/property-guides/singapore-national-day-2020-public-housing-31003 https://www.propertyguru.com.sg/property-guides/jimmy-janie-hougang-maisonette-home-30928 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 https://www.srx.com.sg/research/59321/hdb-resale-volumes-continue-year-on-year-increase-prices-increase-marginally-in-july-2020 HDB Resale Volumes Continue Year-on-Year Increase, Prices Increase Marginally in July 2020 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 https://sbr.com.sg/residential-property/news/chart-day-luxury-home-sales-volume-plunged-581-in-q2 Luxury home sales volume plunged 58.1% in Q2 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 https://www.edgeprop.sg/property-news/sea-facing-unit-v-shenton-sale-23-mil Sea-facing unit at V on Shenton for sale at $2.3 mil 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic August 6, 2020 Author Share August 6, 2020 https://www.edgeprop.sg/property-news/duchess-crest-resale-unit-reaps-15-mil-profit Duchess Crest resale unit reaps $1.5 mil profit ↡ Advertisement 6 Link to post Share on other sites More sharing options...
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