Mercs: property news & updates

[Mercs]

https://www.straitstimes.com/business/property/more-luxury-homes-sold-more-foreign-buyers-as-new-private-home-sales-hold-steady-in-april

More luxury homes sold, more foreign buyers as new private home sales held steady in April

https://www.straitstimes.com/business/property/3-residential-sites-at-lentor-hill-estate-released-for-sale-more-cautious-bids-expected

3 residential sites at Lentor Hill Estate released for sale, more cautious bids expected

 

https://www.businesstimes.com.sg/real-estate/property-stamp-duty-collection-jumps-73-to-s68b-corporate-personal-tax-payments-rise

Property stamp duty collection jumps 73% to S$6.8b; corporate, personal tax payments rise above pre-Covid levels

https://www.businesstimes.com.sg/real-estate/singapore-new-private-home-sales-flat-in-april-likely-to-climb-in-coming-months

Singapore new private home sales flat in April, likely to climb in coming months

https://www.businesstimes.com.sg/real-estate/lentor-hill-estate-land-parcels-launched-for-sale-could-draw-bids-in-s1000-s1100-psf-ppr

Lentor Hill Estate land parcels launched for sale, could draw bids in S$1,000-S$1,100 psf ppr range

 

https://www.edgeprop.sg/property-news/three-residential-gls-sites-lentor-released-sale

https://www.edgeprop.sg/property-news/analysis-properties-have-most-gain-after-partial-opening-tel

ANALYSIS: Properties that have the most to gain after partial opening of TEL

https://www.edgeprop.sg/property-news/market-stabilising-four-months-after-property-cooling-measures

Market stabilising four months after property cooling measures

 

https://www.propertyguru.com.sg/property-management-news/2022/5/204840/property-stamp-duty-collection-surge-73-6-in-fy2021-construction-firms-face-manpower-crunch-despite-easing-of-border-restrictions-and-more

Property stamp duty collection surge 73.6% in FY2021, Construction firms face manpower crunch despite easing of border restrictions and more

 

https://stackedhomes.com/editorial/touring-loyang-villas-shophouse-styled-terrace-houses-in-changi-from-1-8-million-in-district-17/

 

 

 

 

 

[Newbie26]

1 hour ago, Mercs said:

 

 

Message from video is that interest rate hikes unlikely to affect prices, rather the transaction volume

But these two factors are linked

Transaction volume seems to have recovered, so prices look to be stable

[Mercs]

49 minutes ago, Newbie26 said:

Message from video is that interest rate hikes unlikely to affect prices, rather the transaction volume

But these two factors are linked

Transaction volume seems to have recovered, so prices look to be stable

 

Agreed, unless interest rates hikes exponentially, but then rising rentals should also help mitigate the int increase

Transaction vol picking up, also not much unsold stock left, so that too should balance out and stable prices 😉

 

 

[Mercs]

23 hours ago, Mercs said:

 

Agreed, unless interest rates hikes exponentially, but then rising rentals should also help mitigate the int increase

 

@Newbie26

Rising Interest Rates or Soaring Rents ... who shall prevail? 😉 UP UP and away! 😛

 

 

 

 

[Mercs]

https://www.straitstimes.com/business/property/kensington-park-condo-up-for-collective-sale-with-128-billion-guide-price

Kensington Park condo up for collective sale with $1.28 billion guide price

 

https://sbr.com.sg/residential-property/news/private-residential-market-ends-state-pause-in-april

Private residential market ends 'state of pause' in April

(The market has already logged some 500 new home sales for May)

 

https://www.99.co/singapore/insider/why-some-new-launch-condos-sell-better-than-others/

Why do some new launch condos sell better than others?

 

https://www.propertyguru.com.sg/property-guides/singapore-property-market-index-report-q2-2022-64954

Singapore Property Market Report Q2 2022

 

https://www.channelnewsasia.com/singapore/new-private-home-sales-stabilised-april-ura-cooling-measures-2689456

New private home sales in Singapore ‘seem to have stabilised’ after cooling measures: Experts

 

https://stackedhomes.com/editorial/livmb-review/

 

[Newbie26]

17 minutes ago, Mercs said:

@Newbie26

Rising Interest Rates or Soaring Rents ... who shall prevail? 😉 UP UP and away! 😛

 

 

 

 

agent mentioned prices rented near or above asking price

wonder how people pay above asking price, must be very hot

[Mercs]

1 minute ago, Newbie26 said:

agent mentioned prices rented near or above asking price

wonder how people pay above asking price, must be very hot

Same as those buying resale HDB or PTE, all trying to outbid others to secure their choice unit, so pte property prices keep going up to new hign record highs, for hdb seeing more million dollar flats sold (latest even far flung Woodlands Jumbo also sold 1.04mil)

Have mentioned about this earlier, those looking to buy/rent can just ask around, not much 'good' choices left unless willing to pay for it at record high prices, and this still the early stages, full wave of foreign demand not back yet to compete local  buy and rent, should see even more upside forward, but then there's also talks about oncoming recession within next couple years? (due more to global slowdown SG may not be that much affected)

So it's really very HOT now, but later on ... see which side of the fence one is on 

 

[13177]

9 hours ago, Newbie26 said:

agent mentioned prices rented near or above asking price

wonder how people pay above asking price, must be very hot

Rental or buying, i also wonder why people pay above asking price or pay what seller and tenant is asking?! Maybe this is why the pice in the market has become ridiculously and out of control?

[13177]

9 hours ago, Mercs said:

Same as those buying resale HDB or PTE, all trying to outbid others to secure their choice unit, so pte property prices keep going up to new hign record highs, for hdb seeing more million dollar flats sold (latest even far flung Woodlands Jumbo also sold 1.04mil)

Have mentioned about this earlier, those looking to buy/rent can just ask around, not much 'good' choices left unless willing to pay for it at record high prices, and this still the early stages, full wave of foreign demand not back yet to compete local  buy and rent, should see even more upside forward, but then there's also talks about oncoming recession within next couple years? (due more to global slowdown SG may not be that much affected)

So it's really very HOT now, but later on ... see which side of the fence one is on 

 

Precisely, the resale pricing now really too much, esp for HDB resale. A far flung location can transact at $1m, and many old flats which is more than 40 year old can sold for $400k to $500k plus for a 3 room. So many greedy sellers. Even there are reasons like covid, delay in BTOs and demand more than supply also should not be so greedy.

The SERS blks at ang mo kio, already can see owners selling their flat on the resale market, the price see liao really siao. Think compensation from HDB for a 4 room flat is around $400k plus or maybe $500k, but the asking price for these owners selling their flat is at least $700k plus. They really taking this opportunity to day light robbery.

[Mercs]

10 hours ago, 13177 said:

Precisely, the resale pricing now really too much, esp for HDB resale. A far flung location can transact at $1m, and many old flats which is more than 40 year old can sold for $400k to $500k plus for a 3 room. So many greedy sellers. Even there are reasons like covid, delay in BTOs and demand more than supply also should not be so greedy.

The SERS blks at ang mo kio, already can see owners selling their flat on the resale market, the price see liao really siao. Think compensation from HDB for a 4 room flat is around $400k plus or maybe $500k, but the asking price for these owners selling their flat is at least $700k plus. They really taking this opportunity to day light robbery.

Haha, current market be it hdb/pte, not too many serious sellers as they know prop prices to just keep trending up, sell later more huat. So these sellers will just ask sky high prices, if got durian drop buyer bite at high prices then they sell. That why i've said not much 'good' units around, even if offer market rate also  cannot get as other buyers will outbid at higher price, thus pushing property prices higher and higher. Similiarly this is what's happening to the rental market, offer asking also not get, that's why seeing those above market rate offers to secure the unit.

As for SERs, these buyers probably pay a premium to be assured of a brand new 99 bto at their choice location, if go ballot dun know if able to get and even if ballot success future, bto prices may be also higher as it's pegged to market rate. So can't say sellers are greedy, only natural to want sell/rent at highest price possible, willing buyer willing seller

 

[Mercs]

@13177

HDB 'no 1mil up no talk' 😉 UP UP and away! 😛

 

https://www.edgeprop.sg/property-news/five-room-hdb-city-vue-henderson-sells-record-14-mil-huttons

Five-room HDB at City Vue @ Henderson sells for record $1.4 mi

 

"The sale of a 1,216 sq ft, five-room HDB flat at City Vue @ Henderson is the latest HDB flat to have clinched the record as the most expensive resale to date. Resale data from HDB shows that this 41st floor unit was sold for $1.4 million in May"

[Mercs]

20 hours ago, Mercs said:

Have mentioned about this earlier, those looking to buy/rent can just ask around, not much 'good' choices left unless willing to pay for it at record high prices, and this still the early stages, full wave of foreign demand not back yet to compete local  buy and rent, should see even more upside forward

 

 

3m30s

 

[Alfc]

34 minutes ago, Mercs said:

@13177

HDB 'no 1mil up no talk' 😉 UP UP and away! 😛

 

https://www.edgeprop.sg/property-news/five-room-hdb-city-vue-henderson-sells-record-14-mil-huttons

Five-room HDB at City Vue @ Henderson sells for record $1.4 mi

 

"The sale of a 1,216 sq ft, five-room HDB flat at City Vue @ Henderson is the latest HDB flat to have clinched the record as the most expensive resale to date. Resale data from HDB shows that this 41st floor unit was sold for $1.4 million in May"

3 years from lease commencement 2019 can flip already? some more at record price.

Edited May 19, 2022 by Alfc

[Alfc]

18 minutes ago, Mercs said:

 

3m30s

 

why worry? cannot pay later will have some delayed payment scheme to bail out just like during covid. also can pass on any higher cost to tenant through higher rental. Better to stay vested as inflation will only make prices go higher

[Mercs]

2 hours ago, Alfc said:

3 years from lease commencement 2019 can flip already? some more at record price.

Not the first, next one even higher at new record 1.5mil if sold 😛

"it is possible that this record price could be overturned in a few months’ time because another five-room unit in the same block is currently on the market for $1.5 million. It remains to be seen if this available unit will eventually change hands at this price"

 

Bukit Merah 96A 40 to 42 113.00
Improved 2019 96 years
1 month $1,400,000.00 May 2022

Bukit Merah 96A 40 to 42 113.00
Improved 2019 96 years
7 months $1,256,000.00 Nov 2021

Bukit Merah 96A 28 to 30 113.00
Improved2019 96 years
9 months $1,220,000.00 Sep 2021

 

 

[Mercs]

1 hour ago, Alfc said:

why worry? cannot pay later will have some delayed payment scheme to bail out just like during covid. also can pass on any higher cost to tenant through higher rental. Better to stay vested as inflation will only make prices go higher

Agreed, as mentioned prior TDSR 3.5% so still long away, gotta go above that to really see any impact.

Yes, 'always ideal to stay vested' - inflation prices go higher, shrinkflation money get smaller 😉

 

[Mercs]

https://www.edgeprop.sg/property-news/boutique-project-baywind-residences-telok-kurau-launch-may-20

Boutique project Baywind Residences in Telok Kurau to launch on May 20

 

https://sbr.com.sg/commercial-property/in-focus/sg-vs-us-vs-uk-whose-real-estate-market-performing-better

SG vs US vs UK: Whose real estate market is performing better? 

(A report from RealVantage said Singapore is showing no signs of easing)

 

https://www.businesstimes.com.sg/real-estate/highly-leveraged-homeowners-may-face-double-whammy-from-inflation-housing-supply-ireus

Highly leveraged homeowners may face double whammy from inflation, housing supply: IREUS

 

https://sg.finance.yahoo.com/news/sevens-group-unveils-14-plots-101951408.html

Sevens Group unveils 14 plots of landed homes, gets five snapped up within two weeks

 

https://stackedhomes.com/editorial/10-most-profitable-condos-based-on-their-average-performance-since-2012/

https://stackedhomes.com/editorial/how-to-choose-an-interior-designer-an-introvert-renovates-part-4/#gs.0o0pu0

https://stackedhomes.com/editorial/5-things-property-agents-are-not-required-to-do-but-might-anyway/

 

https://www.homeanddecor.com.sg/gallery/house-tour-a-36k-self-designed-natural-scandi-boho-4-room-bto-renovation-with-furniture-from-taobao/

House Tour: A $36K self-designed, natural Scandi-Boho 4-room BTO renovation with furniture from Taobao

 

 

[Kopites]

https://www.edgeprop.sg/property-news/five-room-hdb-city-vue-henderson-sells-record-14-mil-huttons

"it is possible that this record price could be overturned in a few months’ time because another five-room unit in the same block is currently on the market for $1.5 million. It remains to be seen if this available unit will eventually change hands at this price."

 

Most expansive HDB in Singapore?🤔

 

Edited May 19, 2022 by Kopites