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Mercs: property news & updates

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On 9/4/2019 at 9:30 PM, Mercs said:

Floodgate open ... can expect more FTs coming and boost rental demand

 

https://www.asiaone.com/digital/singapore-global-race-attract-best-tech-talent-says-chan-chun-sing

Singapore in global race to attract best tech talent, says Chan Chun Sing

https://sbr.com.sg/residential-property/news/chart-day-leasing-transactions-7-record-23875-in-q2

Leasing transactions up 7% to record 23,875 in Q2

Chart_090519.jpg

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15 hours ago, Sdf4786k said:

thats like saying, plenty of stupid buyers available to buy @ 1.5mil 

I doubt thats the case. If really anyhow buy, than some of the launch like at hillview area would have been long gone and not have to do so many re start and advert

Its all about affordability,  with PSF on the up, over the years developers have been shrinking unit sizes to remain within buyer sweet spot.

Made worse with CMs- TDSR/LTV/ABSD,  that buyers today have to content with, further reducing buyer unit size affordability.

Thats also why we have ahgong recent intervention on min unit size requirements. 😉

 

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Amazing psf of yesteryear

Just 14 years which is not that long ago - (2,024-sq-ft unit $488,000 ($241 psf) in October 2005)

Seller sold for 4X the buy price ... where to find today? :D

https://www.edgeprop.sg/property-news/three-bedroom-unit-balmoral-8-rakes-148-mil-profit

The 2,024-sq-ft unit on the second floor was sold for $1.98 million ($954 psf) on Aug 20, but had been bought for $488,000 ($241 psf) in October 2005. Thus, the seller walked away with a $1.44 million profit.
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Huaters and non huaters, Aug 20-27

344738-Capture.jpeg

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10 hours ago, Mercs said:

Its all about affordability,  with PSF on the up, over the years developers have been shrinking unit sizes to remain within buyer sweet spot.

Made worse with CMs- TDSR/LTV/ABSD,  that buyers today have to content with, further reducing buyer unit size affordability.

Thats also why we have ahgong recent intervention on min unit size requirements. 😉

 

From affordable point of view I agree but that’s like saying I need a 7 seater for my family but I can afford a Korean n probably should be okay to squeeze 6 person with two small kids.. 

i ratger go with practical aspect and Apple for Apple consideration. Else the shoe box appt does make good sense for s family of 6 if you squeeze it as the home is only use for sleeping... 

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12 hours ago, Sdf4786k said:

From affordable point of view I agree but that’s like saying I need a 7 seater for my family but I can afford a Korean n probably should be okay to squeeze 6 person with two small kids.. 

i ratger go with practical aspect and Apple for Apple consideration. Else the shoe box appt does make good sense for s family of 6 if you squeeze it as the home is only use for sleeping... 

Agree, if need to fit family of 6, better to get a MPV than a 2 seater sportscar 😉 lol

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On 9/6/2019 at 9:12 AM, Mercs said:

https://sbr.com.sg/residential-property/news/chart-day-check-out-condo-projects-highest-leasing-deals-in-q2

Check out the condo projects with the highest leasing deals in Q2

Chart_090619.jpg

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16 hours ago, Khng8 said:

Could the higher number of leasing transactions due to minimum rental period reduced to 3 months?

It could be enbloc effect and more foreigners coming to Singapore to work. 

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18 hours ago, Khng8 said:

Could the higher number of leasing transactions due to minimum rental period reduced to 3 months?

Doubt so, as the % will be low to be any significant, not many tenants wanna move every few months.

One reason is displaced enbloc sellers, either waiting brand new BUC/ enbloc funds/ transaction completion/ renovations etc.

Local movement by owners and tenants in residential projects that were sold successfully through collective sales reportedly continue to contribute a substantial portion of leasing demand,
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10 hours ago, BanCoe said:

I read your post remind me of @Ash2017😖😖😖

Hahaha, funny :D

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https://www.edgeprop.sg/property-news/forest-city-hand-over-more-20000-residential-units-year-unveils-new-golf-course

Forest City to hand over more than 20,000 residential units this year, unveils new golf course

"Prices range from RM13,000 psm to RM18,000 psm, or the equivalent of $399 psf to $552 psf, for most of the residential units"

90cba0-.jpg

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https://www.edgeprop.sg/property-news/steady-stream-well-heeled-visitors-meyer-mansion-preview-weekend

Meyer Mansion sees steady stream of well-heeled visitors on preview weekend

Indicative prices start from $1.38 million ($2,851 psf) for one-bedroom units of 484 sq ft; from $1.95 million ($2,830 psf) for two-bedroom units of 689 sq ft; and from $2.88 million ($2,597 psf) for three-bedroom units of 1,109 sq ft.

Three-bedroom premium units from 1,399 sq ft, are priced from $3.75 million ($2,680 psf) while four-bedroom premium units from 1,722 sq ft are priced from $4.55 million ($2,642 psf).

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Edited by Mercs
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