Mercs: property news & updates

[13177]

43 minutes ago, Kopites said:

Hdb is building bto flats besides Queenstown civil defence. 

That whole stretch from QSC to AYE to current tanglin halt (soon to be vacated land) is a huge plot land. Divided by aye where the nearest condo normaton. 

More millions flat owner next time when they build bto flats in tanglin halt land. Esp all those flats build in that area at least 40 storey high.

[Alfc]

I find mrt malls have plus and minus. While good for shopping and vibrancy, it also adds to noise, congestion and somewhat less "exclusivity". Like Tiong Bahru vs Queenstown.

[Mercs]

23 hours ago, 13177 said:

Ya, that area no mall next to mrt, Queenstown and commonwealth dont have. Only star vista at BV mrt, a very small newly build eatery mall at redhill mrt. Maybe they would not build a mall at Commonwealth mrt since very near to star vista liao.

Queensway SC very old and quite a distance to mrt, so not really good la. I dont know why they never build a mall at Queenstown mrt? That area they keep building so many hdb and condo and yet no mall?

Haha, like our hawker centers, can never have too many malls. In our tropical heat many like to just pop in malls to enjoy free aircon 😛

Residents living around get more amenities and convenience, also to see their property prices shoot up ... huat!

 

[Mercs]

21 hours ago, Kopites said:

Hdb is building bto flats besides Queenstown civil defence. 

That whole stretch from QSC to AYE to current tanglin halt (soon to be vacated land) is a huge plot land. Divided by aye where the nearest condo normaton. 

QSC nearest got Anchorage condo opp Ikea. More land is good, build more BTOs PTE to get ready for ...... maybe 10mil coming? 😛😉

 

[Kopites]

7 minutes ago, Mercs said:

QSC nearest got Anchorage condo opp Ikea. More land is good, build more BTOs PTE to get ready for ...... maybe 10mil coming? 😛😉

 

Anchorage is pretty old and quantum not worth it in current market. 

Newest should be Alexis but not worth it. Did ever viewed one of the so called penthouse. Claustrophobic! So small. 🤣

Edited April 1, 2022 by Kopites

[Mercs]

https://www.edgeprop.sg/property-news/private-home-prices-see-sharp-slowdown-growth-04-1q2022-ura-flash-estimates

Private home prices see sharp slowdown in growth, up 0.4% in 1Q2022: URA flash estimates

https://www.edgeprop.sg/property-news/hdb-flash-estimates-show-resale-prices-23-q-o-q-1q2022

HDB flash estimates show resale prices up 2.3% q-o-q in 1Q2022

https://www.edgeprop.sg/property-news/ta-corp-sell-serviced-apartment-12-shan-865-mil

TA Corp sells serviced apartment 12 on Shan for $86.5 mil

https://www.edgeprop.sg/property-news/national-aerated-water-building-market-189-mil

National Aerated Water Building on the market for $18.9 mil

https://www.edgeprop.sg/property-news/three-bedder-tomlinson-heights-rakes-195-mil-profit

Three-bedder at Tomlinson Heights rakes in $1.95 mil profit

https://www.edgeprop.sg/property-news/kopar-newton-close-70-sold-developer-sales-reach-new-high-2667-psf

Kopar At Newton close to 70% sold, developer sales reach new high of $2,667 psf

https://www.edgeprop.sg/property-news/penthouse-martin-no-38-sale-838-mil

Penthouse at Martin No. 38 up for sale at $8.38 mil

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-mar-15-mar-22-done-deals

Residential transactions with contracts dated Mar 15 to Mar 22 [DONE DEALS]

 

https://www.straitstimes.com/business/property/singapore-private-home-price-growth-slows-sharply-in-q1-on-cooling-measures

Singapore private home price growth slows sharply in Q1 on cooling measures

https://www.businesstimes.com.sg/real-estate/property-price-index-grows-at-slower-pace-in-q1-2022-post-cooling-measures-ura

https://sbr.com.sg/residential-property/news/private-residential-property-index-04-in-q1-2022

https://www.channelnewsasia.com/singapore/singapore-private-home-prices-ura-flash-estimates-2600966

 

https://www.straitstimes.com/singapore/housing/hdb-resale-prices-rise-23-in-q1-to-new-highs-though-pace-of-growth-slows

HDB resale prices rise 2.3% in Q1 to new highs though pace of growth slows

https://sbr.com.sg/residential-property/news/hdb-flat-prices-dip-in-q122-expected-experts

https://www.businesstimes.com.sg/real-estate/hdb-resale-prices-climb-at-a-slower-pace-in-q1-2022

https://www.channelnewsasia.com/singapore/hdb-resale-price-rise-flash-estimate-2600781

 

https://www.99.co/singapore/insider/pinnacle-duxton-most-expensive-hdb-flat-sold-1-39m/

Pinnacle@Duxton flat is now the most expensive HDB flat, sold for S$1.39M

 

https://www.asiaone.com/money/housing-still-affordable-average-singaporean-2022

Is housing still affordable to the average Singaporean in 2022?

https://stackedhomes.com/editorial/where-can-you-find-a-newish-5-room-resale-hdb-for-under-600000-in-2022/

https://stackedhomes.com/editorial/5-freehold-units-with-a-private-pool-under-2-million/

https://stackedhomes.com/editorial/fab-or-fail-we-rate-these-7-new-condo-trends-of-the-past-decade/

 

 

[Mercs]

8 minutes ago, Kopites said:

Anchorage is pretty old and quantum not worth it in current market. 

Newest should be Alexis but not worth it. Did ever viewed one of the so called penthouse. Claustrophobic! So small. 🤣

Anchorage is FH sitting on a big plot of land ... owners waiting for enbloc huat - https://stackedhomes.com/editorial/anchorage-condo-review/#gs.vy6njl

Agree, and nowadays new launch unit sizes getting smaller and smaller, like birdcage living 😛 Benchmark for size if smaller than a hdb, better think carefully  'go resale for better value'? 😉

 

 

[Alfc]

6 minutes ago, Mercs said:

Anchorage is FH sitting on a big plot of land ... owners waiting for enbloc huat - https://stackedhomes.com/editorial/anchorage-condo-review/#gs.vy6njl

Agree, and nowadays new launch unit sizes getting smaller and smaller, like birdcage living 😛 Benchmark for size if smaller than a hdb, better think carefully  'go resale for better value'? 😉

 

 

There was a time not too long ago when hear people justify and self console small easier to maintain and clean. But Covid really expose that space matters and is a luxury in itself. Even new HDB is shrinking, let alone pte condo done in mind to maintain overall price at $1-1.5m sweet spot. Whether small puny condo is really luxury living or not, it can be a dream for some, or just an illusion for others. 

[13177]

44 minutes ago, Kopites said:

Anchorage is pretty old and quantum not worth it in current market. 

Newest should be Alexis but not worth it. Did ever viewed one of the so called penthouse. Claustrophobic! So small. 🤣

Alexis condo unit very small, they have 36sqm unit. Also the condo just next to a busy road, should be very noisy.

[13177]

20 minutes ago, Alfc said:

There was a time not too long ago when hear people justify and self console small easier to maintain and clean. But Covid really expose that space matters and is a luxury in itself. Even new HDB is shrinking, let alone pte condo done in mind to maintain overall price at $1-1.5m sweet spot. Whether small puny condo is really luxury living or not, it can be a dream for some, or just an illusion for others. 

Quite true, nobody would know covid would happen and can drag for so long and also making people got stuck at home for long period. So having a small house indeed not very good, even only for 1 person. Imagine a person stays in a shoe box unit whole day, whole week cannot leave the house?! 

[13177]

38 minutes ago, Mercs said:

Anchorage is FH sitting on a big plot of land ... owners waiting for enbloc huat - https://stackedhomes.com/editorial/anchorage-condo-review/#gs.vy6njl

Agree, and nowadays new launch unit sizes getting smaller and smaller, like birdcage living 😛 Benchmark for size if smaller than a hdb, better think carefully  'go resale for better value'? 😉

 

 

Anchorage built in 1997, actually no say very old la. I do not understand how come private condo if built in the 90s already consider very old? Whereas HDB flat built in the 60s and 70s can still continue to stay? 😂

[13177]

@Mercs 

https://www.99.co/singapore/insider/pinnacle-duxton-most-expensive-hdb-flat-sold-1-39m/

Pinnacle@Duxton flat is now the most expensive HDB flat, sold for S$1.39M

This is really crazy, HDB flat can sell at $1.39M? If hdb can sell at such price, then how much should a private condo sell then? Even though willing seller willing buyer, but i really do not understand why people want to pay for such price for a HDB? This is spoiling market and future HDB resale price market lo. Seller can always ask for any price they want, but if there is no seller accept or pay, the seller would need to reduce the price to a more realistic price. 

[Mercs]

1 hour ago, Alfc said:

There was a time not too long ago when hear people justify and self console small easier to maintain and clean. But Covid really expose that space matters and is a luxury in itself. Even new HDB is shrinking, let alone pte condo done in mind to maintain overall price at $1-1.5m sweet spot. Whether small puny condo is really luxury living or not, it can be a dream for some, or just an illusion for others. 

Agree, went to view one unit 2B2B for rental play, brand new just TOP size 600+sqft. Very small, basically once furniture in no place to walk type.

But still, for those that we complain 'small', for Hongkies comes will say ..."wah, very nice!' 😛

With covid WFH, more are realizing the need for space, but I do recall someone also did mention ... 'dun need a lot of space to have sex'

Anyway, for SG property my personal view always go for the biggest whenever possible, in future big units are indeed gonna a luxury to have and rare 😉

 

[Mercs]

1 hour ago, 13177 said:

Anchorage built in 1997, actually no say very old la. I do not understand how come private condo if built in the 90s already consider very old? Whereas HDB flat built in the 60s and 70s can still continue to stay? 😂

Haha, that's what I've been saying all along, 99lh after 20yrs resale still got healthy 70+ bal lease, put in some $ reno to new.

If buy brand new sometimes psf diff can be 50% or more dun really justify, but that's just my personal take - 'go resale for better value' 😉

For HDB that's why I've also mentioned, if buying old resale 50yrs type have to be wary of lease decay value drop to 0, not Pte can enbloc, VERY low chance to SERs hor

 

 

[13177]

13 minutes ago, Mercs said:

Agree, went to view one unit 2B2B for rental play, brand new just TOP size 600+sqft. Very small, basically once furniture in no place to walk type.

But still, for those that we complain 'small', for Hongkies comes will say ..."wah, very nice!' 😛

With covid WFH, more are realizing the need for space, but I do recall someone also did mention ... 'dun need a lot of space to have sex'

Anyway, for SG property my personal view always go for the biggest whenever possible, in future big units are indeed gonna a luxury to have and rare 😉

 

Thats why we are stuck. If we want big units, we can only buy old HDB and private condo. But lease is getting shorter and value of the house is decaying. Newer built HDB and private condo size tends to be smaller and layout also not so good. Example an old 3 room flat with a 59 sqm, inside the layout and size of the bedrooms could be seems bigger than a new bto 3 room 65 sqm.

[Mercs]

53 minutes ago, 13177 said:

@Mercs 

https://www.99.co/singapore/insider/pinnacle-duxton-most-expensive-hdb-flat-sold-1-39m/

Pinnacle@Duxton flat is now the most expensive HDB flat, sold for S$1.39M

This is really crazy, HDB flat can sell at $1.39M? If hdb can sell at such price, then how much should a private condo sell then? Even though willing seller willing buyer, but i really do not understand why people want to pay for such price for a HDB? This is spoiling market and future HDB resale price market lo. Seller can always ask for any price they want, but if there is no seller accept or pay, the seller would need to reduce the price to a more realistic price. 

Haha, as per dicussed earlier, rich folks just sold/enbloc PTE rightsize to HDB, money/price no issue type.

Willing buyer seller buyer, as mentioned prior- current market is more demand to less supply, so prices just keep going up up and away. Buyers all keep trying to outbid others to secure their choice unit, so now become HDB record price 1.39 mil lor 😛

Which comes to another mentioned often - 'SG property, always ideal to stay vested'

Future property prices unlikely to be any cheaper than what they are already today - like inflation/gst everything price go up and shrinkflation units sizes just gonna get even smaller

In expensive SG playground of the rich - 'Expensive of today, the cheap of 2moro' 😉

 

[13177]

12 minutes ago, Mercs said:

Haha, that's what I've been saying all along, 99lh after 20yrs resale still got healthy 70+ bal lease, put in some $ reno to new.

If buy brand new sometimes psf diff can be 50% or more dun really justify, but that's just my personal take - 'go resale for better value' 😉

For HDB that's why I've also mentioned, if buying old resale 50yrs type have to be wary of lease decay value drop to 0, not Pte can enbloc, VERY low chance to SERs hor

Of course it is better to buy a newer lease resale flat or even a brand new flat. Whether it is HDB or private. Buying a old resale HDB if it is already 50 year old is not worth, if the person has the intention of selling the flat later to earn profits. Or plan to sell and buy another house. But old resale HDB would be a good choice if the price is not ridiculous, in a good location, can walk to MRT under 10 mins and after buying no intention of selling. Since old HDB size is bigger esp for 3 room.

[Mercs]

3 minutes ago, 13177 said:

Thats why we are stuck. If we want big units, we can only buy old HDB and private condo. But lease is getting shorter and value of the house is decaying. Newer built HDB and private condo size tends to be smaller and layout also not so good. Example an old 3 room flat with a 59 sqm, inside the layout and size of the bedrooms could be seems bigger than a new bto 3 room 65 sqm.

Diff strokes diff folks on what is priority, buy for own stay some dun mind 50yr hdb resale for retirement years, buy to flip future and upgrade would go for just MOP type etc.

For pte if lease concern can buy FH, as with everything got pro n con new smaller vs old bigger etc, just have to come to a compromise to suit the individual needs and requirements 😉