Mercs: property news & updates

[Mercs]

 

[Mercs]

UP UP and away!

 

https://www.srx.com.sg/research/64201/condo-resale-prices-rise-for-26th-straight-month-increasing-by-17-in-september-2022

Condo Resale Prices Rise for 26th Straight Month, Increasing by 1.7% in September 2022

 

 

 

[Mercs]

UP UP and away!

 

https://www.straitstimes.com/business/property/condo-hdb-rents-up-in-september-strong-demand-ensures-landlords-market

Condo, HDB rents up in September; strong demand ensures landlord's market

https://www.srx.com.sg/research/64231/condo-rents-rise-by-33-in-september-2022-rising-for-21st-consecutive-month-hdb-rents-increase-by-32-increasing-for-27th-straight-month

Condo Rents Rise by 3.3% in September 2022, Rising for 21st Consecutive Month; HDB Rents Increase by 3.2%, Increasing for 27th Straight Month

 

 

[Mercs]

https://www.straitstimes.com/business/property/condo-resales-up-as-more-hdb-upgraders-priced-out-by-new-launch-prices

Condo resales up as more HDB upgraders priced out by new launch prices

https://www.businesstimes.com.sg/real-estate/mass-market-condo-sales-expected-to-remain-firm-despite-softening-demand-from-hdb

Mass market condo sales expected to remain firm despite softening demand from HDB upgraders

 

https://www.straitstimes.com/business/property/ecs-reap-strong-resale-profits-as-price-gap-with-new-units-narrows-orangetee

ECs fetch strong resale profits as price gap with new units narrows

https://www.businesstimes.com.sg/real-estate/windfall-profits-in-resale-market-make-executive-condos-an-alluring-buy-for-hdb

Windfall profits in resale market make executive condos an alluring buy for HDB upgraders

(Nearly 300 ECs yielded at least S$500,000 each in resale gross profit based on caveat data from 2007 to August 2022)

 

https://www.businesstimes.com.sg/real-estate/residential-property-rents-volumes-up-in-september-amid-landlords-market

Residential property rents, volumes up in September amid ‘landlord’s market’

https://www.businesstimes.com.sg/real-estate/strong-interest-in-auction-properties-in-q3-prior-to-sep-30-cooling-measures-sri

Strong interest in auction properties in Q3 prior to Sep 30 cooling measures

 

https://sbr.com.sg/residential-property/news/new-home-sales-unhindered-rising-mortgage-rates

New home sales unhindered by rising mortgage rates

https://sbr.com.sg/residential-property/news/why-condo-resale-prices-surged-in-september

Why condo resale prices surged in September

 

https://www.99.co/singapore/insider/post-cooling-measure-hdb-resale-condos-ath-records/

9 HDB resale and 7 condos which broke all-time-high records before and after the September 30 cooling measure

https://www.99.co/singapore/insider/all-ecs-resold-past-15-years-profit-s300k/

Nearly all ECs resold in the past 15 years made a profit averaging S$300k

 

https://stackedhomes.com/editorial/i-tried-renting-out-my-own-home-in-singapore-heres-why-i-would-never-do-it-again/

https://stackedhomes.com/editorial/i-ended-up-a-tenant-of-my-old-home-how-3-singaporean-homeowners-are-dealing-with-the-new-cooling-measures/

https://stackedhomes.com/editorial/do-new-launch-condos-really-make-more-than-resale-heres-what-3612-transactions-over-the-past-5-years-say/

 

https://www.edgeprop.sg/property-news/does-size-matter

Does size matter?

 

https://sg.finance.yahoo.com/news/singapore-reopening-boom-draws-big-money-bubble-fears-033253903.html

Singapore’s reopening boom draws big money and bubble fears

https://sg.news.yahoo.com/rise-4-room-million-dollar-192146739.html

Rise of the 4-room Million-dollar HDB Flats in Singapore: Where Are They Found?

 

https://www.homeanddecor.com.sg/design/property/how-sers-affects-single-homeowners/

How SERS affects single homeowners

[Mercs]

 

 

 

[Mercs]

https://www.straitstimes.com/singapore/housing/3000-bto-flats-to-be-built-in-dover-forest-first-of-3-projects-will-launch-in-november

3,000 BTO flats to be built in Dover Forest in Ulu Pandan; first of 3 projects will launch in November

https://www.straitstimes.com/business/property/freehold-meyer-park-relaunches-collective-sale-tender-at-420-million

Freehold Meyer Park relaunches collective sale tender at $420 million

 

https://www.edgeprop.sg/property-news/unit-jade-mansion-sold-218-mil-profit

Unit at Jade Mansion sold for $2.18 mil profit

 

https://www.99.co/singapore/insider/appeal-china-property-sole-matrimonial-assets-rejected/

Woman’s appeal to exclude China property in her name from matrimonial assets was rejected

 

https://stackedhomes.com/editorial/7-cheapest-new-launch-condos-with-3-bedrooms-under-2-million-in-2022/

https://stackedhomes.com/editorial/5-homes-with-lovely-unblocked-water-greenery-views-under-2-5-million/

 

 

[Mercs]

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-sept-27-oct-4-done-deals

Residential transactions with contracts dated Aug 30 to Sept 6 [DONE DEALS]

https://www.edgeprop.sg/property-news/two-bedroom-unit-sophia-residence-sale-15-mil

Two-bedroom unit at Sophia Residence for sale at $1.5 mil

 

https://stackedhomes.com/editorial/ive-lived-in-2-different-units-in-parc-oasis-over-22-years-heres-my-insider-review-of-this-huge-condo-in-jurong/

https://stackedhomes.com/editorial/we-make-15k-per-month-and-own-an-executive-apartment-in-queenstown-should-we-keep-it-or-sell-to-upgrade-to-a-condo/

 

https://www.channelnewsasia.com/business/property-shares-stocks-cooling-measures-developers-singapore-3003631

After the latest cooling measures, where are Singapore property stocks headed?

https://www.channelnewsasia.com/listen/heart-matter/can-singapores-red-hot-property-market-be-cooled-3007041

Can Singapore’s red-hot property market be cooled?

 

https://www.homeanddecor.com.sg/gallery/my-forever-home/

House Tour: My Forever Home

https://www.homeanddecor.com.sg/gallery/house-tour-modern-graces-with-a-rustic-charm/

House Tour: Modern graces with a rustic charm

 

 

 

 

 

 

 

[Mercs]

https://www.edgeprop.sg/property-news/popular-new-launches-september-push-developer-sales-125-m-o-m

Popular new launches in September push developer sales up 125% m-o-m

 

 

[Mercs]

 

[Mercs]

https://www.edgeprop.sg/property-news/review-executive-condo-market

A review of the Executive Condo market

 

 

[Mercs]

https://www.businesstimes.com.sg/real-estate/new-ura-guidelines-call-for-bigger-spaces-for-homes-in-non-landed-developments-in

https://www.edgeprop.sg/property-news/ura-revises-guidelines-proportion-bigger-units-non-landed-residential-developments-central-area

URA revises guideline on proportion of bigger units in non-landed residential developments in Central Area

 

https://www.edgeprop.sg/property-news/copen-grand-ec-receives-2300-e-applications

Copen Grand EC receives 2,300 e-applications

https://sbr.com.sg/residential-property/news/chart-day-bigger-ecs-fetches-bigger-profits-when-resold

Bigger ECs fetches bigger profits when resold

 

https://www.businesstimes.com.sg/real-estate/luxury-condo-sales-hold-up-in-q3-even-as-top-end-gcb-market-softens

Luxury condo sales hold up in Q3 even as top-end GCB market softens

https://www.businesstimes.com.sg/real-estate/loyang-valley-condo-up-for-collective-sale-at-s980m

Loyang Valley condo up for collective sale at S$980m

 

https://www.99.co/singapore/insider/84-3-new-non-landed-homes-sold-above-s2000-psf-september-2022/

84.3% of new non-landed homes sold above S$2,000 psf in September

 

https://stackedhomes.com/editorial/are-loan-curbs-the-biggest-cooling-measure/

[Silver_blade]

On 10/17/2022 at 8:47 PM, Mercs said:

https://www.edgeprop.sg/property-news/popular-new-launches-september-push-developer-sales-125-m-o-m

Popular new launches in September push developer sales up 125% m-o-m

 

 

Almost all are selling at $2k and above. Even the one at Pasir Ris is going for $1.7k. I guess pte property market can be allowed a bit more room for speculation as long as BTO flats prices are kept at reasonable range. 

[Mercs]

2 hours ago, Silver_blade said:

Almost all are selling at $2k and above. Even the one at Pasir Ris is going for $1.7k. I guess pte property market can be allowed a bit more room for speculation as long as BTO flats prices are kept at reasonable range. 

Agree, we are already at new benchmark record prices, new launch no 2k psf above no talk, even EC which is suppose to be a more affordable entry to PTE also 1.3k psf and trending upwards.

"as long as BTO flats prices are kept at reasonable range" - unlikely when BTO prices are peg to market rate, as mentioned prior soon we'll be seeing near no 1mil no talk bto prices, could be PLH or those in matured estate eg : latest AMK already 800+K for 5room.

 

Balance 61 years of lease- no 1mil no talk!

 

 

 

[Mercs]

Not just property prices at record highs, Rental/Demand also off the charts! As always - 'got data got talk' 

 

 

https://www.srx.com.sg/research/64231/condo-rents-rise-by-33-in-september-2022-rising-for-21st-consecutive-month-hdb-rents-increase-by-32-increasing-for-27th-straight-month

- Year-on-year, overall rents increase by 30.9% from September 2021.

- Year-on-year, rents in CCR, RCR and OCR increase by 29.3%, 31.8% and 31.3% respectively.

 

 - Year-on-year, overall rents increase by 24.7%.

- Year-on-year, Mature Estates and Non-Mature Estates rents increase by 24.0% and 25.5% respectively.

- Year-on-year, all room types record rent increases: 3 Room by 25.3%, 4 Room by 22.5%, 5 Room by 27.9% and Executive rents by 23.3%

 

https://www.asiaone.com/money/so-ridiculous-owner-so-lucky-4-room-bendemeer-flat-rented-out-record-4600

'So ridiculous but owner is so lucky': 4-room Bendemeer flat rented out for record $4,600

 

https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/no-signs-of-cooling-for-the-rental-market-in-2022

No signs of cooling for the rental market in 2022

 

 

Edited October 19, 2022 by Mercs

[Mercs]

https://www.channelnewsasia.com/singapore/singapores-household-debt-situation-healthy-low-non-performing-mortgages-3017136

Singapore’s household debt situation ‘healthy’, with low non-performing home loans

https://www.businesstimes.com.sg/real-estate/most-singapore-households-able-to-continue-servicing-mortgages-amid-rising-interest

Most Singapore households able to continue servicing mortgages amid rising interest rates

 

https://www.asiaone.com/money/multi-generation-hdb-resale-flat-yishun-sold-record-1063m

Multi-generation HDB resale flat in Yishun sold for a record $1.063m

 

https://www.edgeprop.sg/property-news/high-floor-and-proximity-mrt-station-rank-top-attributes-million-dollar-hdb-flats-propnex

High floor and proximity to MRT station rank as top attributes of million-dollar HDB flats

https://www.edgeprop.sg/property-news/unit-astrid-meadows-rakes-37-mil-profit

Unit at Astrid Meadows rakes in $3.7 mil profit

https://www.edgeprop.sg/property-news/redevelopment-site-pasir-panjang-road-sold-silver-edge-investment-185-mil

Redevelopment site at Pasir Panjang Road sold to Silver Edge Investment for $18.5 mil

 

https://www.channelnewsasia.com/singapore/property-cooling-measures-15-month-wait-out-hdb-bto-3017046

More than 600 appeals for waiver of 15-month HDB resale wait-out period

 

https://stackedhomes.com/editorial/is-a-hdb-flat-oversupply-inevitable-in-the-future-what-happens-when-our-parents-generation-passes-on/

https://stackedhomes.com/editorial/4-ways-uras-new-move-to-curb-shoebox-units-in-central-areas-could-affect-the-singapore-property-market/

https://stackedhomes.com/editorial/are-loan-curbs-the-biggest-cooling-measure/

[Silver_blade]

On 10/19/2022 at 10:49 PM, Mercs said:

Not just property prices at record highs, Rental/Demand also off the charts! As always - 'got data got talk' 

 

 

https://www.srx.com.sg/research/64231/condo-rents-rise-by-33-in-september-2022-rising-for-21st-consecutive-month-hdb-rents-increase-by-32-increasing-for-27th-straight-month

- Year-on-year, overall rents increase by 30.9% from September 2021.

- Year-on-year, rents in CCR, RCR and OCR increase by 29.3%, 31.8% and 31.3% respectively.

 

 - Year-on-year, overall rents increase by 24.7%.

- Year-on-year, Mature Estates and Non-Mature Estates rents increase by 24.0% and 25.5% respectively.

- Year-on-year, all room types record rent increases: 3 Room by 25.3%, 4 Room by 22.5%, 5 Room by 27.9% and Executive rents by 23.3%

 

https://www.asiaone.com/money/so-ridiculous-owner-so-lucky-4-room-bendemeer-flat-rented-out-record-4600

'So ridiculous but owner is so lucky': 4-room Bendemeer flat rented out for record $4,600

 

https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/no-signs-of-cooling-for-the-rental-market-in-2022

No signs of cooling for the rental market in 2022

 

 

You reckon rental market will remain strong for how long more? Some say for the next 2-4yrs.

[camrysfe]

Next year should remain strong

[13177]

@Mercs 

https://www.asiaone.com/money/so-ridiculous-owner-so-lucky-4-room-bendemeer-flat-rented-out-record-4600

'So ridiculous but owner is so lucky': 4-room Bendemeer flat rented out for record $4,600

Dont know what is the person who paid such price for this rental thinking? Owner can ask any rental price they want/like, but if no takers, the deal also cannot go thru. I really dont understand why so many people give in to these ridiculous owner when renting and buying for a HDB?