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Mercs: property news & updates

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11 hours ago, Angcheek said:

Too expensive .... 

Yup, agreed ... :D

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11 hours ago, Angcheek said:

Under such bad economy .. still selling 3rm at 1.5m .. 👍😁 no fear no fear 

1.5m is sweet spot ... just reduce size will do 😁

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11 hours ago, Angcheek said:

Will they turn that into Fragrance hotel 😂

Haha probably, certain someone did mention only need small space to fornicate ... so good to have more 'boom boom' rooms 😂 😂 😂

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9 hours ago, Sdf4786k said:

unless the HSR re start again, its going to be very expensive retro swap land

I reckon for HSR to re start ... gotta 'wait long long' quite a while longer 😂

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6 hours ago, Khng8 said:

The URA GLS closed tender for 3 sites today and still no news from anyone?

I’m surprised the TQL plot psf is not higher.

Here you go 😉

https://www.straitstimes.com/business/property/one-north-gateway-site-garners-9-bids-in-latest-round-of-tenders-ura

https://www.straitstimes.com/business/property/9-bids-for-one-north-gateway-site-with-top-offer-of-1557m

 

 

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2 hours ago, Mercs said:

1.5m is sweet spot ... just reduce size will do 😁

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

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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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https://www.marketwatch.com/story/weaker-job-growth-in-august-cements-a-fed-interest-rate-cut-in-two-weeks-2019-09-06

Weaker job report in August ‘cements’ a Fed interest-rate cut in two weeks

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