PropSG 2nd Gear November 10, 2020 Share November 10, 2020 https://www.edgeprop.sg/property-news/behind-bullish-bids-gls-sites-tanah-merah-and-yishun?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting Behind the bullish bids for GLS sites in Tanah Merah and Yishun ↡ Advertisement Link to post Share on other sites More sharing options...
Mercs Hypersonic November 10, 2020 Author Share November 10, 2020 https://www.srx.com.sg/research/60281/condo-resale-prices-up-08-volume-up-216-in-october-2020 (CCR, RCR and OCR prices increase by 0.5%, 1.0% and 0.8% in October 2020.) https://www.straitstimes.com/business/property/sales-of-resale-condos-hit-2-year-high-in-october-as-prices-rise-srx-data Sales of resale condos hit 2-year high in October as prices rise (The volume of resold units transacted last month was also 72.9 per cent higher than in October last year.) 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 10, 2020 Author Share November 10, 2020 https://www.propertyguru.com.sg/property-management-news/2020/11/194377/ura-excludes-pricing-data-on-foreign-home-buying-in-realis URA Excludes Pricing Data On Foreign Home Buying In Realis https://www.propertyguru.com.sg/property-guides/6-award-winning-condos-downtown-cbd-36557 6 Most Promising Condos in the Downtown Core https://www.propertyguru.com.sg/property-guides/feng-shui-house-19742 Feng Shui at Home: How to Invite Positive Energy into Your House https://www.businesstimes.com.sg/garage/news/99co-parent-acquires-real-estate-data-provider-srx 99.co parent acquires real estate data provider SRX https://www.99.co/blog/singapore/hdb-grants-for-singles/ Quick Guide to BTO/SBF and Resale HDB Grants for Singles [2020 Update] https://www.asiaone.com/money/what-cash-over-valuation-cov-and-why-would-you-pay-it What is Cash Over Valuation (COV) and why would you pay it? https://www.homeanddecor.com.sg/gallery/house-tour-stuffy-4-bedroom-walk-up-into-cat-friendly-fashionable-open-plan-home/ House Tour: Turning a stuffy 4-bedroom walk-up into a cat-friendly, fashionable open-plan home Type of home: A one-bedroom (formerly four bedroom) walk-up in the Bukit Timah area Size of home: 1,313 sq ft Who lives here: A couple in their 30s and their five cats 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 10, 2020 Author Share November 10, 2020 https://sbr.com.sg/residential-property/in-focus/condo-resale-prices-grow-07-in-october (Strong demand for properties spurred more sellers to put their units for sale.) https://stackedhomes.com/editorial/units-of-the-week-36/#gs.kjne0s https://stackedhomes.com/editorial/tanah-merah-and-yishun-gls-sites/#gs.kjnf6u 5 Link to post Share on other sites More sharing options...
PropSG 2nd Gear November 11, 2020 Share November 11, 2020 https://www.theedgesingapore.com/news/covid-19/singapore-sets-vaccine-expert-committee-may-not-have-only-one-vaccine?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting Singapore sets up vaccine expert committee, may not have only one vaccine Link to post Share on other sites More sharing options...
PropSG 2nd Gear November 11, 2020 Share November 11, 2020 https://www.edgeprop.sg/property-news/downsides-remote-working?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting The downsides of remote working Link to post Share on other sites More sharing options...
Mercs Hypersonic November 11, 2020 Author Share November 11, 2020 https://www.srx.com.sg/research/60311/hdb-and-condo-rental-prices-and-volumes-increase-for-2nd-straight-month-in-october-2020 HDB and Condo Rental Prices and Volumes Increase For 2nd Straight Month in October 2020 (October 2020 rents increase 0.3% from September 2020. RCR and OCR rents increase by 0.6% and 0.3% respectively while CCR rents decrease by 0.2%) (October 2020 HDB rents increase 0.7% from September 2020. Mature Estates and Non-Mature Estates rents increase by 0.6% and 0.8% respectively. 3 Room, 4 Room, 5 Room and Executive rents increase by 0.6%, 1.0%, 0.8% and 0.5% respectively.) (Volumes increase 6.3% month-on-month. An estimated 4,409 units are rented in October 2020 as compared to 4,148 units in September 2020) (Volumes increase 13.9% month-on-month. An estimated 1,734 HDB flats are rented in October 2020 versus 1,523 units in September 2020) https://www.straitstimes.com/singapore/cost-of-renting-hdb-flats-and-condominium-units-rose-in-october Condo and HDB rents, leasing volume rise again in October https://sbr.com.sg/residential-property/news/condo-hdb-rents-rise-in-october 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 11, 2020 Author Share November 11, 2020 https://www.propertyguru.com.sg/property-management-news/2020/11/194436/133-condo-units-sold-in-first-week-of-nov-huttons 133 Condo Units Sold In First Week Of Nov (Singapore’s private non-landed market continued to be in healthy demand as the latest developer’s sales saw 133 units sold for the week of 2 to 8 Nov) https://www.99.co/blog/singapore/for-singles-these-are-the-most-popular-condos-in-sg/ For singles, these are the most popular condos in SG [2020 edition] https://www.channelnewsasia.com/news/business/property-analysts-weigh-in-data-removal-ura-realis-portal-13508826 Property experts weigh in on removal of some pricing data from URA portal https://www.businesstimes.com.sg/real-estate/october-new-home-sales-dive-by-half-following-clampdown-on-otp-reissue October new home sales dive by half following clampdown on OTP reissue (Analysts suggest homebuyers may have been holding back on purchases in knee-jerk reaction following the curbs on re-issuing of options to purchase) https://www.businesstimes.com.sg/companies-markets/s-reits-acquisition-blitz-set-to-hit-s10b-in-2020-despite-covid-19 S-Reits' acquisition blitz set to hit S$10b in 2020 despite Covid-19 https://www.homeanddecor.com.sg/gallery/house-tour-a-luxe-monochrome-hdb-resale-flat-with-a-feature-ceiling/ House Tour: A luxe monochrome HDB resale flat with a feature ceiling Type of home: 5-room HDB resale flat in Woodlands Size of home: 1,400 sq ft Who lives here: A couple in their 20s 5 Link to post Share on other sites More sharing options...
PropSG 2nd Gear November 12, 2020 Share November 12, 2020 https://www.theedgesingapore.com/news/results/fn-full-year-earnings-down-2-1504-mil?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting F&N full year earnings down 2% to $150.4 mil Link to post Share on other sites More sharing options...
PropSG 2nd Gear November 12, 2020 Share November 12, 2020 https://www.edgeprop.sg/property-news/era’s-alvin-lim-customer-service-still-key-new-normal?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting ERA’s Alvin Lim: Customer service still key in new normal 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 12, 2020 Author Share November 12, 2020 https://www.businesstimes.com.sg/opinion/uras-removal-of-some-price-information-puts-data-transparency-in-focus URA's removal of some price information puts data transparency in focus https://www.99.co/blog/singapore/hdb-nov-2020-bto-in-depth-review-bidadari-toa-payoh/ https://www.99.co/blog/singapore/hdb-nov-2020-bto-in-depth-review-bishan/ https://www.99.co/blog/singapore/hdb-nov-2020-bto-in-depth-review-sembawang/ https://www.99.co/blog/singapore/hdb-nov-2020-bto-in-depth-review-tampines/ https://www.propertyguru.com.sg/property-guides/pgf-walk-up-apartment-before-30-bucket-list-36683 Bucket List Checked: Owning A Quaint Walk-Up Apartment by 30 https://www.businesstimes.com.sg/companies-markets/propnex-net-profit-rises-106-in-third-quarter PropNex net profit rises 10.6% in third quarter ("Despite the pandemic and economic uncertainties, the Singapore real estate industry has performed well in the third quarter of 2020," adding that this was largely on the back of strong domestic demand in both the private residential and public housing segments.) https://www.propertyguru.com.sg/property-management-news/2020/11/194452/propnex-q3-profit-rose-10-6-on-strong-domestic-demand-for-private-public-homes PropNex Q3 Profit Rose 10.6% On Strong Domestic Demand For Private, Public Homes (“The real estate market has outperformed expectations time and again in recent months. Notably, in September, we saw 1,329 new private homes (excluding Executive Condos) transacted, marking the highest monthly sale in more than two years. This was also the fifth straight month of increase in terms of transactions in the new launches segment,” ) https://www.edgeprop.sg/property-news/uol-sold-112-residential-units-3q-versus-58-units-2q UOL sold 112 residential units in 3Q, versus 58 units in 2Q 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 12, 2020 Author Share November 12, 2020 https://www.propertyguru.com.sg/property-management-news/2020/11/194459/the-landmark-to-open-for-preview-this-saturday The Landmark To Open For Preview This Saturday 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 12, 2020 Author Share November 12, 2020 https://sg.news.yahoo.com/singaporeans-snap-properties-during-worst-064409177.html Singaporeans snap up properties during worst ever recession SINGAPORE (Reuters) - Singaporean Jason Chen recently bought a S$1.7 million ($1.26 million) three-bedroom apartment in a swanky condominium, upgrading his home in the middle of the COVID-19 pandemic which has triggered the country's worst ever recession. "I know the price will rise", said the 32-year-old, who has spent nearly a decade working in real estate. Undeterred by the economic slump and rising unemployment, Chen is among thousands of locals snapping up property in Singapore and taking a share of the market not seen in a decade as travel curbs thwart foreign investors. This broad-based buying spree, which has pushed prices and sales to multi-year highs, has some parallels with a housing market boom seen in late 2009 as Singapore emerged from the global financial crisis. That forced the government to initiate several rounds of cooling measures to cap surging prices. Analysts largely don't expect a repeat this time around as those curbs mostly remain in place. But policymakers last week cautioned buyers against the lure of cheap mortgages given the scale of job losses in the wealthy business hub, which have already seen many foreigners leave and the population shrink. "Given the labour market uncertainties in the current economic situation, prospective buyers should remain prudent in their property purchase," the ministry of national development said last week in a written response to a question made in parliament about the risk of a "bubble". The government is expecting the Singapore economy to shrink 5-7% this year, eclipsing a record 2.2% contraction in 1998 and marking the deepest recession since independence in 1965. "A GOOD BARGAIN" Property prices in the city-state rose 0.8% in the third quarter to their highest level since 2013, while sales volumes jumped to a two-year peak, the latest data showed. Singaporeans bought nearly 81% of all private apartments sold in the third quarter, the highest proportion since early 2009, according to an analysis by property agency OrangeTee and Tie. Some buyers like Jenny Lin, a 26-year-old accountant, have viewed the pandemic as an opportunity to get on the ladder of the world's third most expensive housing market after Hong Kong and Munich, according to property consultant CBRE. "When COVID-19 first started you could really get a good bargain on the property price, as many people were rushing to sell their properties away for quick cash to salvage their main business," said Lin, who expedited her purchase of a S$530,000 one-bedroom apartment in May. Despite the turmoil of 2020, prices of private homes in Singapore fell only in the first quarter and have risen since. By comparison, prices dropped for four consecutive quarters between the middle of 2008 and 2009, during the global financial crisis. The overall price rise in 2020 has been modest at just 0.1%. But for buyers like 36-year-old asset manager Amy Zhang, who recently purchased a S$1.17 million investment property, Singapore real estate is a safe bet compared to volatile stock markets which she has invested in for years. The tightly controlled market, long viewed as a safe-haven, does pose some risks. Droves of expatriates, who tend to rent, are leaving the island-state due to retrenchments and tighter foreign labour curbs, driving the first decline in Singapore's population since 2003 and pushing rents lower. But Zhang, like many others in a country where the land available to developers is tightly controlled to manage prices, bought off plan and is betting on a stronger rental market when her property is ready in two to three years. Singapore property has long attracted the super-rich from its less developed Southeast Asian neighbours as well as multi-millionaires from China. Political uncertainty in rival Hong Kong has also helped to galvanise that appeal, analysts say, even if some foreign purchases have been put on hold due to COVID-19 travel restrictions. "Once all travel restrictions are lifted, there will be an inflow of foreign investments into the property market," said Chen. 6 Link to post Share on other sites More sharing options...
PropSG 2nd Gear November 13, 2020 Share November 13, 2020 https://www.theedgesingapore.com/news/company-news/sats-able-transport-pfizer’s-experimental-covid-19-vaccine-low-temperatures-ceo?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting SATS able to transport Pfizer’s experimental Covid-19 vaccine at low temperatures: CEO 2 Link to post Share on other sites More sharing options...
PropSG 2nd Gear November 13, 2020 Share November 13, 2020 https://www.edgeprop.sg/property-news/key-global-cities-register-price-growth-prime-residential-property-3q2020-despite-pandemic-knight?utm_source=mycarforum&utm_medium=&utm_campaign=forumposting Key global cities register price growth in prime residential property in 3Q2020 despite pandemic: Knight Frank 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 13, 2020 Author Share November 13, 2020 Power HUAT 2005 - $961,000 ($183 psf) 2020 - $4.5 million ($857 psf) Profit - $3.54 million (369%) https://www.edgeprop.sg/property-news/unit-fontana-heights-sold-368-mil-profit The second most profitable sale during the week in review occurred at Rajah Towers in District 12. A 5,253 sq ft unit was sold for $4.5 million ($857 psf) on Oct 27. The unit had been purchased for about $961,000 ($183 psf) in September 2005. Thus, the seller walked away from the sale with a profit of $3.54 million (369%), which translates to an annualised profit of 10.8% over 15 years. 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic November 13, 2020 Author Share November 13, 2020 https://www.edgeprop.sg/property-news/mortgagee-sale-two-bedder-lucky-plaza-176-mil Mortgagee sale of two-bedder at Lucky Plaza for $1.76 mil https://www.edgeprop.sg/property-news/new-landmark-capitalises-views-and-city-living-next-park The new Landmark capitalises on views and city living next to a park https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-oct-27-nov-3-done-deals Residential transactions with contracts dated Oct 27 to Nov 3 [DONE DEALS] https://www.businesstimes.com.sg/real-estate/mcc-land-wins-tender-for-tanah-merah-site-with-s249m-bid MCC Land wins tender for Tanah Merah site with S$249m bid https://stackedhomes.com/editorial/high-park-residences-review/ https://www.asiaone.com/money/how-does-2020s-low-interest-rates-impact-your-property-purchase How does 2020's low interest rates impact your property purchase? https://www.propertyguru.com.sg/property-management-news/2020/11/194503/propertyguru-is-hosting-asias-largest-multi-country-virtual-property-expo PropertyGuru Is Hosting Asia's Largest Multi-Country Virtual Property Expo https://www.propertyguru.com.sg/property-management-news/2020/11/194514/eras-market-share-in-new-homes-segment-up-in-q3-2020 ERA’s Market Share In New Homes Segment Up In Q3 2020 https://www.propertyguru.com.sg/property-management-news/2020/11/194504/undeterred-by-covid-19-singaporeans-on-property-buying-binge Undeterred By COVID-19, Singaporeans On Property Buying Binge 6 Link to post Share on other sites More sharing options...
Dp26 5th Gear November 14, 2020 Share November 14, 2020 17 hours ago, Mercs said: Power HUAT 2005 - $961,000 ($183 psf) 2020 - $4.5 million ($857 psf) Profit - $3.54 million (369%) https://www.edgeprop.sg/property-news/unit-fontana-heights-sold-368-mil-profit The second most profitable sale during the week in review occurred at Rajah Towers in District 12. A 5,253 sq ft unit was sold for $4.5 million ($857 psf) on Oct 27. The unit had been purchased for about $961,000 ($183 psf) in September 2005. Thus, the seller walked away from the sale with a profit of $3.54 million (369%), which translates to an annualised profit of 10.8% over 15 years. 183psf is almost insane. don’t even think HDB got this kind of price for resale. now that’s a real deal. ↡ Advertisement Link to post Share on other sites More sharing options...
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