Mercs Hypersonic May 22, 2022 Author Share May 22, 2022 On 5/20/2022 at 11:28 PM, Mercs said: Haha as always, here is 'got data got talk, real stuff cannot bluff', all the data i've already posted earlier and in this thread. HDB - mil $ sales becoming quite the norm, even far flung (Woodlands) or 50yr olds ( eg: Tiong Bahru) More 'no 1mil no talk ' hdb resales on the market From 1972, remaining lease 49 yrs From 1992, remaining lease 69 yrs ↡ Advertisement 6 2 Link to post Share on other sites More sharing options...
13177 Supersonic May 23, 2022 Share May 23, 2022 8 hours ago, Mercs said: More 'no 1mil no talk ' hdb resales on the market From 1972, remaining lease 49 yrs $1m for this 50 year old hdb flat? The buyer basically get nothing back after spending the $1m on this house, it is like throwing money into the drain. Furthermore this location is quite bad, not near to MRT and need to take bus out of the estate, and limited buses and long waiting time. If i were to spend $1m to buy such landed hdb flat, i would choose queenstown, at least that location is much ''worth'' spending my $1m, even though also throwing my money into the drain. 3 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 23, 2022 Author Share May 23, 2022 14 hours ago, 13177 said: $1m for this 50 year old hdb flat? The buyer basically get nothing back after spending the $1m on this house, it is like throwing money into the drain. Furthermore this location is quite bad, not near to MRT and need to take bus out of the estate, and limited buses and long waiting time. If i were to spend $1m to buy such landed hdb flat, i would choose queenstown, at least that location is much ''worth'' spending my $1m, even though also throwing my money into the drain. Diff strokes diff folks, profile of such buyers likely cash rich, just sold condo/landed pocket few mil profit looking to rightsize hdb, comfort triumph over future profit/value, you think they care if near or need to take bus/mrt meh? 😛 https://mothership.sg/2021/06/whampoa-hdb-terraced-house-sold/ Public housing in Singapore is indeed for everyone, including the rich https://www.asiaone.com/money/rare-hdb-terrace-flat-whampoa-sold-record-1268m "For a certain group of buyers, age of the property is no longer crucial in their decision-making. Those cashing out from their current property of higher value are definitely the potential buyers of such HDB terrace units. "In short, maintaining their lifestyle with a million or two for retirement. Why not?" 8 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 23, 2022 Author Share May 23, 2022 https://www.edgeprop.sg/property-news/baywind-residences-telok-kurau-sees-29-units-sold Baywind Residences in Telok Kurau sees 29% of units sold "sold seven out of the 24 units at Baywind Residences. Average price of units sold was $2,025 psf. The highest price of $2,143 psf was achieved for a 969 sq ft, 3+1 bedroom unit that was sold for $2.077 million. Buyers were all Singaporeans, and mostly young families looking for a prime property in District 15" https://www.edgeprop.sg/property-news/may-2022-bto-exercise-include-two-prime-location-public-housing-projects May 2022 BTO exercise to include two Prime Location Public Housing projects https://www.straitstimes.com/singapore/housing/hdb-to-launch-2-bto-projects-in-may-under-prime-location-public-housing-model-in-bukit-merah-queenstown HDB to launch 2 BTO projects under prime location model in Bukit Merah, Queenstown https://www.straitstimes.com/singapore/housing/compensation-for-buyers-of-sengkang-bto-flats-over-delay-in-completion-date HDB compensates BTO flat buyers for delay https://www.straitstimes.com/business/economy/pessimism-surrounds-spore-growth-outlook-as-global-economic-headwinds-gather Pessimism surrounds S'pore growth outlook as global economic headwinds gather https://www.businesstimes.com.sg/opinion/suburban-condos-can-continue-to-outperform-prime-ones Suburban condos can continue to outperform prime ones https://sbr.com.sg/residential-property/news/primary-sales-private-homes-likely-moderate-10000-units Primary sales of private homes likely to moderate to 10,000 units (This follows the slower launches in the market) https://stackedhomes.com/editorial/touring-hausserangoon-gardens-bustling-landed-living-near-a-plethora-of-amenities-for-about-3-million/ https://stackedhomes.com/editorial/how-non-rich-singaporeans-can-avoid-common-regrets-when-buying-property-in-their-20s/ https://stackedhomes.com/editorial/one-pearl-bank-kopar-at-newton-amber-park-or-the-avenir-which-condo-is-best-for-peace-quiet-capital-appreciation/ https://www.homeanddecor.com.sg/gallery/house-tour-complete-reconfiguration-for-this-japandi-styled-75sqm-hdb-flat/ House Tour: A complete reconfiguration for this Japandi-styled 75sqm HDB flat https://www.homeanddecor.com.sg/gallery/house-tour-inside-an-authentic-hdb-home-with-an-eclectic-mix-of-pre-loved-furniture/ House Tour: Inside an Authentic HDB Home With An Eclectic Mix Of Pre-Loved Furniture https://www.homeanddecor.com.sg/property-tips/how-to-spot-the-gems-amongst-the-40-newly-launched-properties-this-year/ How to spot the gems amongst the 40 newly launched properties this year !This year, over 40 new properties will be launched. In a market that is so hot it needs some cooling measures, here are some tips on refining your search) 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 23, 2022 Author Share May 23, 2022 8 Link to post Share on other sites More sharing options...
13177 Supersonic May 24, 2022 Share May 24, 2022 9 hours ago, Mercs said: Diff strokes diff folks, profile of such buyers likely cash rich, just sold condo/landed pocket few mil profit looking to rightsize hdb, comfort triumph over future profit/value, you think they care if near or need to take bus/mrt meh? 😛 https://mothership.sg/2021/06/whampoa-hdb-terraced-house-sold/ Public housing in Singapore is indeed for everyone, including the rich https://www.asiaone.com/money/rare-hdb-terrace-flat-whampoa-sold-record-1268m "For a certain group of buyers, age of the property is no longer crucial in their decision-making. Those cashing out from their current property of higher value are definitely the potential buyers of such HDB terrace units. "In short, maintaining their lifestyle with a million or two for retirement. Why not?" True, diff strokes diff folks. These people should have millions and millions of cash in their bank, so they throw away $1m to buy a 50 year old plus HDB is ok. 😂 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic May 24, 2022 Share May 24, 2022 (edited) 32 minutes ago, 13177 said: True, diff strokes diff folks. These people should have millions and millions of cash in their bank, so they throw away $1m to buy a 50 year old plus HDB is ok. 😂 take it as $1700 rental for 49 years … sibei cheap for “landed” … agent said one … lol Edited May 24, 2022 by Wt_know 1 2 Link to post Share on other sites More sharing options...
13177 Supersonic May 24, 2022 Share May 24, 2022 5 minutes ago, Wt_know said: take it as $1700 rental for 49 years … sibei cheap for “landed” … agent said one … lol Ya lo, worth the money la, to enjoy the lifestyle they want. I also would not mind to spend such money if i have few millions buck in my bank. 2 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 24, 2022 Author Share May 24, 2022 12 hours ago, 13177 said: True, diff strokes diff folks. These people should have millions and millions of cash in their bank, so they throw away $1m to buy a 50 year old plus HDB is ok. 😂 Their only bet left for the balance years is SERs, many things can change in the next 50yrs, slightly higher chance as this is low rise, as well as those 4 storey walk up Tiong Bahru, still can't profit though, at most hope to recover costs with new 99bto. 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 24, 2022 Author Share May 24, 2022 https://www.edgeprop.sg/property-news/new-launch-project-atlassia-joo-chiat-sells-48-total-units-after-launch-weekend K16 Development's Atlassia in Joo Chiat sells 48% of total units on launch weekend "the development managed to achieve a median price of $2,081" https://www.straitstimes.com/business/property/cdl-sees-home-sales-drop-41-in-q1-expects-market-to-firm-up CDL sees home sales drop 41% in Q1, expects market to firm up https://sbr.com.sg/residential-property/news/in-review-troubles-faced-singapore-residential-market-in-q1 In review: Troubles faced by Singapore residential market in Q1 (Residential units launched during the quarter dropped 73.1%) https://sbr.com.sg/residential-property/news/plh-sites-4-room-flats-could-cost-560000-real-estate-experts PLH sites 4-room flats could cost up to $560,000: real estate experts (The two new build-to-order projects could be in Bukit Merah and Queenstown) https://www.99.co/singapore/insider/cheapest-freehold-landed-houses-singapore/ 8 cheapest freehold landed houses for sale in Singapore from S$2.3 million https://www.99.co/singapore/insider/case-female-tenant-studio-apartment-stories-plot-holes/ The case of the female tenant of a studio apartment whose stories had too many plot holes https://www.99.co/singapore/insider/litterbug-vigilantes-jalan-besar-condos-clean-civic-minded-neighbourhood/ Litterbug vigilantes living in Jalan Besar condos: “We just want a clean and civic-minded neighbourhood.” 8 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 25, 2022 Author Share May 25, 2022 On 4/10/2022 at 10:34 PM, Mercs said: as mentioned prior, not just land ... construct manpower costs etc all gone up, can expect be paying higher psf for future new launches, buyers beware on whether the 'new' justify the 'high' be it just land or property .... ' SG property, always good to be in as early as possible' https://www.businesstimes.com.sg/real-estate/more-singapore-developers-looking-to-hike-condo-launch-prices More Singapore developers looking to hike condo launch prices https://www.straitstimes.com/business/property/more-singapore-property-developers-expect-prices-of-new-launches-to-go-up-survey More Singapore property developers expect prices of new launches to go up: Survey https://www.todayonline.com/singapore/construction-manpower-woes-borders-reopening-1896981 Construction firms facing manpower woes despite borders reopening, leaving projects in flux https://www.businesstimes.com.sg/real-estate/property-tax-hikes-wont-depress-new-launch-prices-may-hurt-luxe-home-demand-nus-poll Property tax hikes won’t depress new launch prices, may hurt luxe home demand: NUS poll https://www.straitstimes.com/asia/se-asia/heightening-demand-for-rental-rooms-in-johor-bahru Heightening demand for rental rooms in Johor Bahru https://www.straitstimes.com/singapore/housing/5-bto-projects-including-2-under-prime-location-model-will-be-launched-on-may-27 5 BTO projects, including 2 under prime location model, to launch on May 27 https://www.straitstimes.com/singapore/housing/bto-projects-delayed-by-6-months-or-longer-reduced-from-74-last-year-to-58-this-year-desmond-lee 58 BTO projects delayed by at least 6 months this year, down from 74 in 2021: Desmond Lee https://www.edgeprop.sg/property-news/analysis-new-possibilities-tel-gradually-opens ANALYSIS: New possibilities as TEL gradually opens https://stackedhomes.com/editorial/meyer-house-review/ https://stackedhomes.com/editorial/hdb-flats-are-the-most-unaffordable-today-true-or-false-the-data-may-surprise-you/ 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 25, 2022 Author Share May 25, 2022 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 26, 2022 Author Share May 26, 2022 https://sbr.com.sg/residential-property/news/residential-property-prices-climb-7-in-2022-report Residential property prices to climb by 7% in 2022: report https://www.straitstimes.com/business/property/lakeside-apartments-sold-en-bloc-for-27389m-14-above-reserve-price Lakeside Apartments sold en bloc for $273.89m, 14% above reserve price https://www.straitstimes.com/singapore/housing/woodlands-checkpoint-expansion-replacement-flats-for-marsiling-residents-4-key-points Woodlands Checkpoint expansion, replacement flats for Marsiling residents: 5 key points https://www.straitstimes.com/singapore/housing/some-marsiling-hdb-residents-shocked-by-acquisition-for-checkpoint-expansion-others-welcome-move Some Marsiling HDB residents shocked by acquisition for checkpoint expansion, others welcome move https://www.channelnewsasia.com/singapore/woodlands-checkpoint-expansion-hdb-block-marsiling-sers-residents-2709106#:~:text=SINGAPORE%3A Some Marsiling residents affected,grown fond of the neighbourhood. Woodlands Checkpoint expansion: Residents shocked about having to move out, say they're fond of neighbourhood https://www.businesstimes.com.sg/podcasts/propertybt/propertybt-singapores-private-home-market-post-cooling-measures-ep-7 PropertyBT: Singapore’s private home market post cooling measures (Ep 7) https://www.businesstimes.com.sg/global-enterprise/chinese-developers-still-active-but-more-cautious-in-singapore-weaker-yuan-may-be Chinese developers still active but more cautious in Singapore, weaker yuan may be a boon https://www.edgeprop.sg/property-news/freehold-semi-detached-house-sennett-avenue-selling-886-mil Freehold semi-detached house at Sennett Avenue selling for $8.66 mil https://www.edgeprop.sg/property-news/liquidator-sale-freehold-semi-detached-house-jalan-tanah-puteh-75-mil Liquidator sale of freehold semi-detached house on Jalan Tanah Puteh for $7.5 mil 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 26, 2022 Author Share May 26, 2022 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 27, 2022 Author Share May 27, 2022 https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-may-10-may-17-done-deals-0 Residential transactions with contracts dated May 10 to May 17 [DONE DEALS] https://www.edgeprop.sg/property-news/cityneon-boss-ron-tan-sells-deluxe-apartment-nassim-record-4915-psf CityNeon boss Ron Tan sells deluxe apartment at The Nassim for record $4,915 psf https://www.edgeprop.sg/property-news/fyve-derbyshire-hits-new-psf-price-high-2603 Fyve Derbyshire hits new psf price high of $2,603 https://www.edgeprop.sg/property-news/‘villa-sky’-marina-bay-residences-11111-mil ‘Villa in the sky’ at Marina Bay Residences for $111.11 mil https://www.edgeprop.sg/property-news/three-bedder-helios-residences-sold-209-mil-loss Three-bedder at Helios Residences sold at $2.09 mil loss https://sbr.com.sg/residential-property/in-focus/developers-expect-higher-home-unit-prices-heres-why Developers expect higher home unit prices—here's why https://www.businesstimes.com.sg/real-estate/how-might-more-plh-flats-affect-the-hdb-market How might more PLH flats affect the HDB market? https://www.businesstimes.com.sg/real-estate/2500-prime-bto-flats-launched-3-and-4-room-units-priced-at-s369000-s737000 2,500 prime BTO flats launched; 3 and 4-room units priced at S$369,000-S$737,000 https://cnaluxury.channelnewsasia.com/obsessions/singaporeans-overseas-property-investment-200321 Home and away: What’s fuelling the rise of Singaporeans investing in property abroad? https://stackedhomes.com/editorial/may-2022-bto-launch-review-ultimate-guide-to-choosing-the-best-unit/ https://stackedhomes.com/editorial/alkaff-oasis-review/ 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 27, 2022 Author Share May 27, 2022 8 Link to post Share on other sites More sharing options...
Newbie26 Hypersonic May 28, 2022 Share May 28, 2022 7 hours ago, Mercs said: https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-may-10-may-17-done-deals-0 Residential transactions with contracts dated May 10 to May 17 [DONE DEALS] https://www.edgeprop.sg/property-news/cityneon-boss-ron-tan-sells-deluxe-apartment-nassim-record-4915-psf CityNeon boss Ron Tan sells deluxe apartment at The Nassim for record $4,915 psf https://www.edgeprop.sg/property-news/fyve-derbyshire-hits-new-psf-price-high-2603 Fyve Derbyshire hits new psf price high of $2,603 https://www.edgeprop.sg/property-news/‘villa-sky’-marina-bay-residences-11111-mil ‘Villa in the sky’ at Marina Bay Residences for $111.11 mil https://www.edgeprop.sg/property-news/three-bedder-helios-residences-sold-209-mil-loss Three-bedder at Helios Residences sold at $2.09 mil loss https://sbr.com.sg/residential-property/in-focus/developers-expect-higher-home-unit-prices-heres-why Developers expect higher home unit prices—here's why https://www.businesstimes.com.sg/real-estate/how-might-more-plh-flats-affect-the-hdb-market How might more PLH flats affect the HDB market? https://www.businesstimes.com.sg/real-estate/2500-prime-bto-flats-launched-3-and-4-room-units-priced-at-s369000-s737000 2,500 prime BTO flats launched; 3 and 4-room units priced at S$369,000-S$737,000 https://cnaluxury.channelnewsasia.com/obsessions/singaporeans-overseas-property-investment-200321 Home and away: What’s fuelling the rise of Singaporeans investing in property abroad? https://stackedhomes.com/editorial/may-2022-bto-launch-review-ultimate-guide-to-choosing-the-best-unit/ https://stackedhomes.com/editorial/alkaff-oasis-review/ Helios unit big loss not the norm as the other top two losses only 50-58K compared to the 1-2m quantum profit for top gains For Helios, buyers probably bought at an unrealistic high previously, thats why so may losses For rivergate most early buyers bought 1400-1600pfs, so not surprising everyone will profit when they cash out now 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 28, 2022 Author Share May 28, 2022 7 hours ago, Newbie26 said: Helios unit big loss not the norm as the other top two losses only 50-58K compared to the 1-2m quantum profit for top gains For Helios, buyers probably bought at an unrealistic high previously, thats why so may losses For rivergate most early buyers bought 1400-1600pfs, so not surprising everyone will profit when they cash out now Helios - out of 30 only 1 fast flip profitable the rest all losses. Which is why as mentioned - buyers beware on whether the 'new' justify the 'high' https://www.edgeprop.sg/condo-apartment/helios-residences Historical High : S$ 3,976 psf in Jan 2013 for a 1,668-sqft unit Indicative Average Price from Historical High: (-42.4%) Historical Low : S$ 1,815 psf in Nov 2020 for a 4,629-sqft unit ↡ Advertisement 8 Link to post Share on other sites More sharing options...
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