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Mercs

Mercs: property news & updates

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Hypersonic
5 hours ago, Dp26 said:

183psf is almost insane. 
don’t even think HDB got this kind of price for resale. 

now that’s a real deal. 

Yeah, I thought print error when first saw it 😛

Seller only held 15 years sold 4.5x buy price, very savvy investor when most are only going for new launches.

'Go resale for better value'? :D

https://www.squarefoot.com.sg/trends-and-analysis/residential?p=rajah-towers

HISTORICAL LOW

S$ 183 PSF IN SEP 2005 FOR A 5,253-SQFT UNIT

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Hypersonic (edited)

Altogether now ..... HUAT AH!!!!!!!! :D

https://www.edgeprop.sg/property-news/linq-beauty-world-96-sold-first-day-launch

The Linq @ Beauty World 96% sold on first day of launch

 

Today marked the launch of The Linq @ Beauty World, located at Upper Bukit Timah Road. By 6pm this evening, 115 out of a 120 residential units in the integrated, mixed-use development were sold. This makes the project 96% sold at an average price in the $2,150 to $2,200 psf.

image.thumb.png.1102b1a357dfd6449ff3636e428c85c4.png

 

BBR HOLDINGS purchased the former Goh & Goh Building in a collective sales at a purchased price of $101.5 million.  Based on the land size of 2,868.3 sqm and a plot ratio of 3.0, the gross floor area works out to be 8,604.9 sqm which translate to a land price of about $1,258 per square foot per plot ratio (psf ppr).

With construction cost, land financing cost, professional/legal/taxes cost, etc. added to the land cost, the estimated breakeven price for the developer is about $1,821 per sq ft per plot ratio.  With an initial 15% to 25% profit margin, buyers can expect the units at The Linq @ Beauty World to be priced at around $2,094 to $2,276 per sq ft.

Edited by Mercs
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Hypersonic
30 minutes ago, Mercs said:

Altogether now ..... HUAT AH!!!!!!!! :D

https://www.edgeprop.sg/property-news/linq-beauty-world-96-sold-first-day-launch

The Linq @ Beauty World 96% sold on first day of launch

 

Today marked the launch of The Linq @ Beauty World, located at Upper Bukit Timah Road. By 6pm this evening, 115 out of a 120 residential units in the integrated, mixed-use development were sold. This makes the project 96% sold at an average price in the $2,150 to $2,200 psf.

image.thumb.png.1102b1a357dfd6449ff3636e428c85c4.png

 

 

 

Integrated development and Near future transport hub. a lot of hype

2200pfs is considered cheap, so future pricing there should be >2500pfs

prices up up up. can be quite worrying though at this rate during crisis pandemic. imagine what will happen during recovery 

 

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Twincharged

There are only two words to describe the next few years: either cheong or gan cheong. For sure it will be very uneven though...

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Hypersonic
9 hours ago, Newbie26 said:

Integrated development and Near future transport hub. a lot of hype

2200pfs is considered cheap, so future pricing there should be >2500pfs

prices up up up. can be quite worrying though at this rate during crisis pandemic. imagine what will happen during recovery 

 

Agree, again if not for enbloc where to find FH so near mrt? and with future transport hub, definite upside potential.

As mentioned prior, many years CM big warchest/enbloc milllionaires/ billion$, with CMs/current high prices, the property market have evolved as such that mostly are either buying for own stay (ABSD) and only for the more well to do rich with ample $ to invest/park funds (capitial appreciation). So highly doubt it's those adversely affected by the pandemic that's buying, no worries 😛

Then we look at other forms of simple investment alternatives FD/ stocks/ bonds etc, with stocks being one of the worst performer, many vested long still licking wounds from deep red portfolios. So property remain one safe stable yet offer better returns long term investment option.

As quoted from the linq article - Besides the pricing and the locational attributes of The Linq, the strong sales is also proof that “Singaporeans’ love for real estate overrides that of other investments”. 

Even without foreigner purchase, SG property market local self sustain, further proof of resilience. CM trump card as mentioned prior, hard to see any significant future price drop, imagine what will happen during recovery if all CMs removed? 😉

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Hypersonic

https://www.straitstimes.com/business/invest/what-shape-will-spores-economic-recovery-take-0

What shape will S'pore's economic recovery take?

 

https://www.businesstimes.com.sg/real-estate/alibaba-fraternity-stamps-mark-on-top-end-singapore-properties#:~:text=SC Global Developments' condominium development,high-end residential property market.

Alibaba fraternity stamps mark on top-end Singapore properties

(Alibaba Partnership member Yu Yongfu, a Singapore PR in his 40s, buys 6,372 sq ft Hilltops penthouse for S$26m)

image.png.83e8b7d6ad9e88de2f592d430c45f6bb.png

 

https://www.channelnewsasia.com/news/advertorial/district-23-a-home-for-nature-lovers-13470500

District 23: A home for nature lovers

https://cnaluxury.channelnewsasia.com/obsessions/house-tour-an-apartment-in-singapore-tiong-bahru-13532316

House tour: An apartment in Singapore’s eclectic Tiong Bahru district

image.png.a2f8a5c7f6904e90e6a99ffa422bc5ad.png

 

https://www.asiaone.com/money/reits-health-check-good-bad-and-ugly

REITs' health check: The good, the bad and the ugly

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Hypersonic

https://www.edgeprop.sg/property-news/landmark-draws-close-1200-visitors-preview-weekend

The Landmark draws close to 1,200 visitors on preview weekend

 

The Landmark is expected to launch a fortnight from now, on the weekend of Nov 28-29. The 99-year leasehold condominium has 396 units in a single 39-storey tower. Located on Chin Swee Road in District 3, it's right next to Pearl's Hill City Park as well as at the edge of the CBD and Robertson Quay. Unit sizes range from 495 sq ft for a one-bedder to 1,141 sq ft for a three-bedder.

According to price indication given by property agents, units are expected to be priced north of $900,000 for one-bedroom units, from $1.2 million for two-bedroom units and upward of $2.3 million for three-bedroom units. Average price is expected to be in the range of $2,000 to $2,200 psf.

image.thumb.png.631afc6e2c2677eb800676f4ffc1f6e2.png

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On 11/15/2020 at 8:21 AM, Mercs said:

Agree, again if not for enbloc where to find FH so near mrt? and with future transport hub, definite upside potential.

As mentioned prior, many years CM big warchest/enbloc milllionaires/ billion$, with CMs/current high prices, the property market have evolved as such that mostly are either buying for own stay (ABSD) and only for the more well to do rich with ample $ to invest/park funds (capitial appreciation). So highly doubt it's those adversely affected by the pandemic that's buying, no worries 😛

Then we look at other forms of simple investment alternatives FD/ stocks/ bonds etc, with stocks being one of the worst performer, many vested long still licking wounds from deep red portfolios. So property remain one safe stable yet offer better returns long term investment option.

As quoted from the linq article - Besides the pricing and the locational attributes of The Linq, the strong sales is also proof that “Singaporeans’ love for real estate overrides that of other investments”. 

Even without foreigner purchase, SG property market local self sustain, further proof of resilience. CM trump card as mentioned prior, hard to see any significant future price drop, imagine what will happen during recovery if all CMs removed? 😉

As quoted from the linq article - Besides the pricing and the locational attributes of The Linq, the strong sales is also proof that “Singaporeans’ love for real estate overrides that of other investments”. 

I think this is going to trigger some people here who would disagree strongly with this statement. 

The linq isnt even the only one enjoying very healthy figures. 

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On 11/8/2020 at 11:31 PM, Mercs said:

Developer paid a premium (20.4%) above reserve, enbloc owners huat getting double the market rate - 'SG property, always ideal to stay vested'

With current unsold inventory running low, may see next round enbloc fever in the coming years. (post covid)

https://www.straitstimes.com/business/property/freehold-tulip-garden-sold-en-bloc-for-907m

(The $906.9 million price is 20.4 per cent higher than the reserve of $753 million submitted by owners of the 316,708 sq ft estate)

https://www.todayonline.com/tulip-garden-sold-s9069-million-second-largest-en-bloc-deal-year

(owners of a 1,701 square feet Tulip Garden unit will reap about S$4.3 million from the sale, a unit of the same size in the estate sold for about S$2.1 million only a year ago)

 

"so maybe relatively "cheap" - Agree, based on current new launch pricing trend and for this project being (FH). Look at property prices past 10 years, those still waiting/ sideline - 'any cheaper to buy today?'

Property prices remain resilient even with current covid/recession/job losses/economy with continue price uptrend. CM trump card still in effect, wait another 10 years also won't see any significant price drop. 😛

But for me as always - 'go resale for better value' 😉 

image.thumb.png.a3af039b8f13b7b32aa1f3aada6b2740.png

2018 enbloc news? 

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Hypersonic
14 hours ago, Invigorated said:

As quoted from the linq article - Besides the pricing and the locational attributes of The Linq, the strong sales is also proof that “Singaporeans’ love for real estate overrides that of other investments”. 

I think this is going to trigger some people here who would disagree strongly with this statement. 

The linq isnt even the only one enjoying very healthy figures. 

Agree, other than the Linq, another recent new launch Penrose also saw remarkable sales with very healthy figures, can sense the strong pick up in sales momentum after showflats start to reopen and not just current new launches, across the board existing new launch as well as resales also seeing good take up. Seems like more are investing/parking funds into property during this pandemic???

Next to watch ... the Landmark 😉 make a guess how many sold first weekend launch :D

image.thumb.png.08167f7c527099b8663935cc4415ed5c.png

 

 

 

 

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Hypersonic
1 hour ago, awhtc said:

2018 enbloc news? 

Should be done deal only sometime around early 2019.

 

https://www.straitstimes.com/business/property/tulip-garden-907m-collective-sale-to-yanlord-mcl-wraps-up-successfully

Tulip Garden $907m collective sale to Yanlord, MCL wraps up successfully

(PUBLISHED FEB 1, 2019, 12:07 PM SGT)

"On Friday (Feb 1), Colliers announced that it had successfully completed the sale on Jan 31"

 

 

 

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Hypersonic (edited)

https://www.businesstimes.com.sg/real-estate/foreigners-hold-dear-to-singapore-property

Foreigners hold dear to Singapore property

https://www.businesstimes.com.sg/real-estate/singapores-oct-new-home-sales-halve-on-fewer-launches-options-curbs

Singapore's Oct new home sales halve on fewer launches, options curbs

 

https://www.99.co/blog/singapore/new-launch-condo-sales-hit-a-bump-in-october-but-prices-unlikely-to-fall/

New launch condo sales hit a bump in October, but prices unlikely to fall

https://www.99.co/blog/singapore/the-full-list-of-2020-new-launch-condos-in-singapore-analysis/

The FULL list of 2020 New Launch Condos in Singapore (+ Analysis)

 

https://www.propertyguru.com.sg/property-management-news/2020/11/194573/residents-of-geylang-lorong-3-houses-are-first-to-hand-over-homes-to-state

Residents Of Geylang Lorong 3 Houses Are First To Hand-Over Homes To State

 

https://sg.news.yahoo.com/singapore-home-sales-fall-after-rules-to-deter-market-distortion-055705279.html

Singapore home sales fall after rules to deter market distortion

 

https://sbr.com.sg/residential-property/news/private-new-home-sale-market-still-credible-despite-october-sales-falling-

Private new home sale market still 'credible' despite October sales falling 50%: analysts

 

https://www.homeanddecor.com.sg/gallery/house-tour-a-kampung-inspired-detached-home-in-bishan/

House tour: A kampung-inspired detached home in Bishan

 

Type of home: A detached landed house in Bishan
Size of home: 5,307 sq ft (land area); 6,674 sq ft (built-up area)
Who lives here: A family of seven

image.thumb.png.47776e3fc92cd69d2b89b9d6f72da70a.png

 

Edited by Mercs
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Hypersonic

https://www.businesstimes.com.sg/real-estate/new-home-sales-set-to-rise-after-falling-in-oct-on-fewer-launches-options-curb

New home sales set to rise after falling in Oct on fewer launches, options curb

https://www.businesstimes.com.sg/real-estate/more-than-5700-bto-flats-launched-in-last-sale-exercise-of-the-year

More than 5,700 BTO flats launched in last sale exercise of the year

 

https://www.asiaone.com/money/skyterracedawson-review-greenery-living-central-location

SkyTerrace@Dawson review: Greenery living in a central location

https://www.asiaone.com/money/singapores-major-integrated-developments-5-year-update

Singapore's major integrated developments: A 5-year update

 

https://www.propertyguru.com.sg/property-guides/pgf-sell-one-buy-two-strategy-36988

“Sell One, Buy Two”: Does This Strategy Actually Work?

https://www.propertyguru.com.sg/property-guides/pgf-are-you-house-poor-36998

Can You be “House Poor”? (How to Make Sure It Never Happens to You)

https://www.propertyguru.com.sg/property-guides/pgf-bank-report-review-non-performing-loans-36984

How Are Singaporeans Coping with Their Home Loans? (What the Banks’ Reports Reveal)

https://www.propertyguru.com.sg/property-management-news/2020/11/194609/homebuyers-facing-financial-difficulties-given-more-time-to-make-payment

Homebuyers Facing Financial Difficulties Given More Time To Make Payment

 

https://www.homeanddecor.com.sg/gallery/house-tour-a-70-year-old-terrace-house-turned-into-a-fashionable-home/

House Tour: A 70-year-old terrace house turned into a fashionable home

 

Type of home: 1950s corner terrace house 
Size of home: 1,350 sq ft (land area) 1,900 sq ft (built-up area)
Who lives here: A family of four

image.thumb.png.a664b53da2866cfd0565cb04baeacb81.png

 

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