Mercs: property news & updates

[Mercs]

On 3/16/2022 at 11:32 PM, Mercs said:

Already mentioned before - Demand vs Supply, those need/want to buy have to buy -Developer low unsold stock, BTO delay, higher manpower, construct etc, prices just keep going up up and away even with latest Dec CMs, which I've also said is lacklustre outcome underwhelming, for those wishing for some drop in prices, how to when demand is more than supply? 😉

 

 

 

 

[Mercs]

https://www.straitstimes.com/business/property/high-point-condo-relaunched-for-en-bloc-sale-at-550m-after-shun-tak-aborted-deal

High Point condo relaunched for collective sale at $550m after Shun Tak aborted deal

https://www.straitstimes.com/business/property/lakeside-apartments-up-for-collective-sale-again-at-240-million

Lakeside Apartments up for collective sale again at $240 million

 

https://www.businesstimes.com.sg/government-economy/at-least-144-victims-lost-s190000-this-year-from-latest-rental-scam-spf

At least 144 victims lost S$190,000 this year from latest rental scam: SPF

 

https://www.99.co/singapore/insider/pay-off-mortgage-early/

Why you shouldn’t pay off your home loan early

https://www.99.co/singapore/insider/why-the-hype-around-gcbs/

What’s with all the hype around Singapore’s GCBs?

https://www.99.co/singapore/insider/solar-nova-hdb/

How has HDB’s SolarNova programme fared, and why is this important?

https://www.99.co/singapore/insider/killer-litter-government-response/

The rise of killer litter and the government’s responses so far

 

https://www.propertyguru.com.sg/property-guides/sale-of-balance-sbf-17667

HDB SBF (Sale of Balance Flats) 2022 in Singapore: Everything You Need to Know

https://www.propertyguru.com.sg/property-guides/property-agent-singapore-myths-debunked-51007

6 Myths About Hiring Property Agents in Singapore (Plus, What the Agents Have to Say About Them)

 

https://www.homeanddecor.com.sg/gallery/house-tour-this-spacious-contemporary-victorian-style-5-room-hdb-with-wainscoting-details-is-a-couples-retirement-home-at-tampines-street/

House Tour: This spacious, contemporary Victorian-style 5-room HDB with wainscoting details is a couple’s retirement home at Tampines Street

 

 

[Mercs]

https://www.straitstimes.com/business/property/co-owner-of-firm-that-built-illegal-5200-sq-ft-floor-at-the-alexcier-to-face-charges-next-month

Co-owner of firm that built illegal 5,200 sq ft floor at The Alexcier to face charges next month

https://www.straitstimes.com/business/economy/fed-will-raise-rates-more-aggressively-if-needed-to-tame-inflation-powell-says

Fed will raise rates more aggressively if needed to tame inflation, Powell says

https://www.straitstimes.com/business/economy/fed-to-remain-on-hawkish-path-but-recession-concerns-still-unfounded

Fed to remain on hawkish path, but recession concerns still unfounded

https://www.straitstimes.com/singapore/courts-crime/property-agent-victim-of-impersonation-in-latest-scam-involving-deposits-to-view-homes

Property agent victim of impersonation in latest scam involving deposits to view homes

 

https://www.businesstimes.com.sg/banking-finance/singapore-mortgages-may-rise-as-much-as-075-this-year-following-fed-hikes

Singapore mortgages may rise as much as 0.75% this year following Fed hikes, consultants say

 

https://www.99.co/singapore/insider/couple-tiong-bahru-51-years-lease/

Thirty-year-old couple forgoes BTO/SBF queues for Tiong Bahru walk-up with 51 years lease remaining

 

https://stackedhomes.com/editorial/inside-a-genuinely-authentic-hdb-home-with-an-eclectic-mix-of-pre-loved-furniture/

https://stackedhomes.com/editorial/buying-a-new-launch-condo-early-vs-late-heres-how-it-compares/

 

 

 

 

 

[Mercs]

https://www.edgeprop.sg/property-news/verdun-house-relaunched-sale-55-mil

Verdun House relaunched for sale at $55 mil

 

https://www.99.co/singapore/insider/cooling-measures-desperate-landlord-rental-prices/

Will 2021’s cooling measures bring about the “desperate landlord” fall in rental prices?

 

https://www.asiaone.com/money/buying-dip-should-you-invest-stock-market-now

Buying the dip: Should you invest in the stock market now?

 

https://stackedhomes.com/editorial/your-monthly-interest-payments-are-set-to-spike-in-2022-heres-what-you-need-to-know/#gs.uvryg2

https://stackedhomes.com/editorial/cant-get-a-bto-try-a-sales-of-balance-flat-sbf-or-open-booking-flat/#gs.uvryx7

 

 

 

[Newbie26]

On 3/20/2022 at 11:59 PM, Mercs said:

 

 

 

 

 

 

 

 

impact of 1.5-2% interest rate will be limited

If it goes to 2.5-3%, then much more will feel the bite

[Knighthunter]

9 hours ago, Newbie26 said:

impact of 1.5-2% interest rate will be limited

If it goes to 2.5-3%, then much more will feel the bite

 

Was happen in late 2005 when interest below 1% then by somewhere in 2006 it hit 4%+.......

[Mercs]

21 hours ago, Newbie26 said:

impact of 1.5-2% interest rate will be limited

If it goes to 2.5-3%, then much more will feel the bite

For those with concern simple solution just go for current fixed rate (below 2%) for peace of mind. 

After that even if FED up rate 10 times also no issue, dun say 2.5/3%, wanna smell 2% also difficult 😛

 

TDSR at 3.5% and even if at that, interest rates are still super duper cheap as compared to yesteryears 😉

 

https://www.mortgagewise.sg/5-year-fixed-rate-still-at-historical-lows/

 

[Mercs]

https://www.edgeprop.sg/property-news/analysis-reasons-behind-record-high-bid-dairy-farm-walk-gls-site

ANALYSIS: Reasons behind the record-high bid for Dairy Farm Walk GLS site

https://www.edgeprop.sg/property-news/royalgreen-hits-new-high-2948-psf

Royalgreen hits new high of $2,948 psf

https://www.edgeprop.sg/property-news/unit-belle-vue-residences-sold-27-mil-loss

Unit at Belle Vue Residences sold at $2.7 mil loss

 

https://www.businesstimes.com.sg/real-estate/asian-outbound-real-estate-investment-mostly-from-singapore-in-2021

Asian outbound real estate investment mostly from Singapore in 2021

https://www.businesstimes.com.sg/real-estate/current-income-cap-to-own-bto-flats-still-reasonable-for-now-analysts

Current income cap to own BTO flats still reasonable for now: analysts

https://www.businesstimes.com.sg/podcasts/propertybt/propertybt-hot-bto-flats-should-more-have-a-chance

PropertyBT: Hot BTO flats - should more have a chance?

https://www.businesstimes.com.sg/real-estate/bts-newest-podcast-focuses-on-singapore-property

BT's newest podcast focuses on Singapore property

 

https://www.99.co/singapore/insider/australian-family-retain-dream-home-sandwiched-high-density-housing/

Australian family says no to millions to retain dream home, gets sandwiched by high-density housing

 

https://www.propertyguru.com.sg/property-guides/hdb-map-where-to-live-62654

HDB Map: A Definitive Guide to Deciding Where to Live in Singapore (2022)

https://www.propertyguru.com.sg/property-guides/parenthood-provisional-housing-scheme-pphs-hdb-flat-rental-51478

Parenthood Provisional Housing Scheme (PPHS HDB): BTO Flat Delayed? Here's How to Apply for Interim Housing (2022)

https://www.propertyguru.com.sg/property-guides/5-things-to-know-as-a-property-agent-in-singapore-10053

Being a Property Agent in Singapore: 4 Surprising Things You Might Not Know (Including Property Agent Commission)

 

https://www.channelnewsasia.com/singapore/property-agent-rental-scam-deposit-apartment-viewing-2580746

'My name will be tarnished': Property agents impersonated in rental scams

 

https://stackedhomes.com/editorial/5-tastefully-renovated-4-bedroom-units-under-2-3-million/

https://stackedhomes.com/editorial/the-sixth-avenue-residences-review-a-freehold-low-density-condo-with-two-50m-pools/

 

 

[Mercs]

https://www.businesstimes.com.sg/real-estate/singapore-homes-to-see-firm-rents-more-leasing-deals-when-border-with-malaysia-reopens

Singapore homes to see firm rents, more leasing deals when border with Malaysia reopens further

 

https://sbr.com.sg/residential-property/in-focus/why-there-looming-downside-risk-in-private-home-markets

Why is there a looming downside risk in private home markets?

 

https://www.edgeprop.sg/property-news/singapore-tops-asia-pacific-2021-outbound-real-estate-investments-totalling-us32-bil

Singapore tops Asia Pacific for 2021 outbound real estate investments totalling US$32 bil

https://www.edgeprop.sg/property-news/invasion-ukraine-inflationary-concerns-dampen-optimism-global-real-estate-outlook

Invasion of Ukraine, inflationary concerns dampen optimism in global real estate outlook

https://www.edgeprop.sg/property-news/rising-interest-rates-and-benchmark-prices-loom-over-housing-market-year

Rising interest rates and benchmark prices loom over the housing market this year

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-mar-8-mar-15-done-deals

Residential transactions with contracts dated Mar 8 to Mar 15 [DONE DEALS]

 

https://www.99.co/singapore/insider/sold-out-condos-resale/

Do new launch condos with fast take-up rates perform just as well in the resale market?

 

https://stackedhomes.com/editorial/which-1-bedroom-at-the-poiz-residences-park-colonial-or-sennett-residence-would-be-a-better-investment/

 

https://www.homeanddecor.com.sg/gallery/house-tour-nostalgic-charm-and-mid-century-modern-vibes-in-this-4-room-flat-for-a-young-family/

House Tour: Nostalgic charm and mid-century modern vibes in this 4-room flat for a young family

 

 

 

 

 

 

 

 

[Mercs]

https://www.businesstimes.com.sg/real-estate/relaxing-of-safe-management-measures-at-sales-galleries-border-curbs-could-support-new

Relaxing of safe management measures at sales galleries, border curbs could support new home sales

(Watchers say allowing more prospective buyers to visit showrooms could bring more foreign buyers to Singapore)

 

https://www.straitstimes.com/singapore/housing/devil-may-be-in-the-details-of-eip-buyback-scheme-experts

Devil may be in the details of HDB's EIP buyback scheme: Experts

https://www.straitstimes.com/singapore/housing/tackling-woes-of-flat-sellers-hit-by-ethnic-quotas

HDB buyback scheme: Tackling woes of flat sellers hit by ethnic quotas

 

https://stackedhomes.com/editorial/an-updated-list-of-new-launch-condos-with-units-left-broken-down-by-unit-type-in-2022/

 

 

 

 

 

[Mercs]

https://www.straitstimes.com/singapore/housing/goodbye-tanglin-halt-welcome-to-margaret-drive-as-last-batch-of-residents-in-en-bloc-project-get-new-flats

Bye Tanglin Halt, hello Margaret Drive: Last batch of residents in en bloc project get new flats

https://www.straitstimes.com/business/property/telok-blangah-house-put-up-for-collective-sale-at-98m

Telok Blangah House put up for collective sale at $98m

https://www.straitstimes.com/business/invest/legal-points-to-note-when-parents-help-kids-buy-properties

Legal points to note when parents help kids buy properties

https://www.straitstimes.com/singapore/housing/over-80-existing-hdb-blocks-in-jurong-yishun-to-have-rainwater-harvesting-systems-from-2027

Over 80 existing HDB blocks in Jurong, Yishun to have rainwater harvesting systems from 2027

https://www.straitstimes.com/asia/se-asia/border-reopening-johor-property-players-expect-rentals-to-rebound

Border reopening: Johor property players expect rentals to rebound

 

https://www.99.co/singapore/insider/7-reasons-a-private-property-is-more-affordable-than-you-think/

7 reasons why a private property is more affordable than you think

https://www.99.co/singapore/insider/upgrading-hdb-condo-ultimate-guide/

Upgrading from a HDB flat to a condo? The guide to end all guides.

 

https://www.propertyguru.com.sg/property-guides/tips-to-help-millennial-women-buy-their-first-property-23785

Buy House in Singapore: 9 Tips to Help Millennial Women Purchase Their First Property

 

https://stackedhomes.com/editorial/my-journey-into-the-metaverse-heres-what-ive-learnt-from-345-hours-of-research/

https://stackedhomes.com/editorial/6-lesser-known-townhouses-in-north-singapore-for-more-space/

https://stackedhomes.com/editorial/66-new-launch-condos-near-their-absd-deadline-in-2022-23/

 

 

 

 

[13177]

@Mercs 

https://www.straitstimes.com/singapore/housing/goodbye-tanglin-halt-welcome-to-margaret-drive-as-last-batch-of-residents-in-en-bloc-project-get-new-flats

Bye Tanglin Halt, hello Margaret Drive: Last batch of residents in en bloc project get new flats

Not a ST subscribe, cannot read the full news. 😅

Tanglin Halt enbloc project finally see the last batch of residents getting new flats. This project takes really long time. Think this enbloc project was announced in 2014. Finally Tanglin Halt will become ghost town soon.

[Mercs]

22 hours ago, 13177 said:

@Mercs 

https://www.straitstimes.com/singapore/housing/goodbye-tanglin-halt-welcome-to-margaret-drive-as-last-batch-of-residents-in-en-bloc-project-get-new-flats

Bye Tanglin Halt, hello Margaret Drive: Last batch of residents in en bloc project get new flats

Not a ST subscribe, cannot read the full news. 😅

Tanglin Halt enbloc project finally see the last batch of residents getting new flats. This project takes really long time. Think this enbloc project was announced in 2014. Finally Tanglin Halt will become ghost town soon.

Haha no choice, with progress of a nation we have to move forward, out with the old in with the new.

One good thing about this SERs, many instant millionaires created with their brand new 99lh replacement BTOs. Younger folks may use this as a stepping stone upgrade to condo/landed continue ride the property wealth train, older folks may opt to sell downsize to smaller homes keep some retirement funds.

Ghost town not for long, this is one big piece of expensive land, whatever gonna be build there future hdb/pte, sure gonna see some sky prices 

 

[Mercs]

https://wakeup.sg/a-300000-lesson/

A S$300,000 lesson – Advice from a man who lost his entire life savings in 2 years

(Hope turned to greed, and greed turned to despair)

 

https://www.businesstimes.com.sg/real-estate/positive-rental-momentum-buoys-home-landlords-but-challenges-loom

Positive rental momentum buoys home landlords but challenges loom

 

https://www.edgeprop.sg/property-news/analysis-does-it-make-sense-buy-sub-sale-unit

ANALYSIS: Does it make sense to buy a sub-sale unit?

 

https://www.propertyguru.com.sg/property-guides/luxury-penthouse-condo-singapore-56306

8 Super Penthouse Condo Units for Sale in Singapore For Those Who Want to Live the High Life (2022)

 

https://stackedhomes.com/editorial/waterfront-ii-northshore-review/

 

 

 

 

[13177]

13 minutes ago, Mercs said:

Haha no choice, with progress of a nation we have to move forward, out with the old in with the new.

One good thing about this SERs, many instant millionaires created with their brand new 99lh replacement BTOs. Younger folks may use this as a stepping stone upgrade to condo/landed continue ride the property wealth train, older folks may opt to sell downsize to smaller homes keep some retirement funds.

Ghost town not for long, this is one big piece of expensive land, whatever gonna be build there future hdb/pte, sure gonna see some sky prices 

 

I still don’t understand why tanglin halt is one piece of expensive land? Likewise like the former buona vista swimming pool and the hdb flats that were SERS. I find these two area also not say very city fridge and yet there got SERS? 😂 I think there are more HDB flats which is much more nearer to city area and yet there are not selected for SERS?! 

Although land expensive or not does not always equal if the land near to city area or not la.

[camrysfe]

17 hours ago, 13177 said:

I still don’t understand why tanglin halt is one piece of expensive land? Likewise like the former buona vista swimming pool and the hdb flats that were SERS. I find these two area also not say very city fridge and yet there got SERS? 😂 I think there are more HDB flats which is much more nearer to city area and yet there are not selected for SERS?! 

Although land expensive or not does not always equal if the land near to city area or not la.

the land must also be currently used inefficiently to justify for hdb sers

[Mercs]

23 hours ago, 13177 said:

I still don’t understand why tanglin halt is one piece of expensive land? Likewise like the former buona vista swimming pool and the hdb flats that were SERS. I find these two area also not say very city fridge and yet there got SERS? 😂 I think there are more HDB flats which is much more nearer to city area and yet there are not selected for SERS?! 

Although land expensive or not does not always equal if the land near to city area or not la.

 

An educated guess would be to just look at current property prices in that area, dun even need talk pte, surrounded by million dollar hdb(s).

And with the way property prices are trending (up up and away), new units there be it pte/hdb can only be on the market in a decade more or so, what you reckon prices gonna be like in another 10years? Expensive land, sky prices, or otherwise?  😉

Nearer to city hdb(s) dun mean priority be selected for SERs, much higher chance for pte to go enbloc, basically is to maximise the use of land, remove those old and low rise to build more units by go higher. Which is why buyers need to be aware of lease decay when buying these old hdb(s), value to drop to 0 in due time once lease is up.

[Mercs]

https://www.cnbc.com/2022/03/30/chinas-wealthy-moving-money-to-singapore-amid-common-prosperity-push.html

China’s rich are moving their money to Singapore. Beijing’s crackdown is one of the reasons

 

https://www.businesstimes.com.sg/real-estate/far-east-perennial-offer-to-buy-golden-mile-complex-for-s700m

https://www.straitstimes.com/business/property/golden-mile-complex-gets-700-million-en-bloc-offer-from-far-east-organization-perennial-holdings

Golden Mile Complex gets $700m collective sale offer from Far East Organization, Perennial Holdings

 

https://www.edgeprop.sg/property-news/private-housing-resale-prices-grow-01-m-o-m-february-nus-srpi

Private housing resale prices grow 0.1% m-o-m in February: NUS SRPI

https://www.edgeprop.sg/property-news/luxury-developer-sc-global-completes-petit-jervois

Luxury developer SC Global completes Petit Jervois

https://www.edgeprop.sg/property-news/cdl-sell-all-85-strata-lots-tanglin-shopping-centre-collective-sale

CDL to sell all 85 strata lots in Tanglin Shopping Centre in collective sale

https://www.edgeprop.sg/property-news/one-global-more-singapore-property-investors-buying-uk-properties-outside-central-london

One Global: More Singapore property investors buying UK properties outside central London

 

https://www.propertyguru.com.sg/property-guides/landed-property-singapore-price-under-2million-33459

5 Cheapest Landed Property in Singapore Under 2 Million You Can Buy (2022)

 

https://www.99.co/singapore/insider/5-room-hdb-resale-flat-price-psf-near-mrt/

Which areas along the MRT lines command the highest prices for 5-room HDB resale flats?

 

https://stackedhomes.com/editorial/is-housing-in-singapore-still-affordable-to-the-average-singaporean-in-2022/

 

https://www.asiaone.com/singapore/migrant-workers-kicked-out-owner-landed-property-less-10-minutes-after-moving-rented-room

Migrant workers kicked out by owner of landed property 'less than 10 minutes' after moving into rented room