Mercs: property news & updates

June 7, 2022

On 6/4/2022 at 9:18 AM, Dp26 said:

There might be a small group that cannot qualify for BTO but no willing to spend 1.5/2m on condo.

buy these resale off the market and it’s as good as a BTO some years down the road. Likely to be cheaper than buying this same estate area after MOP. Why not?

have a friend that did this for the Tanglin halt SERS

Buying resale flat also not say cheap now, esp if you buy those newer resale flat. If you buy those slighly cheaper resale but old flat, long run might not be good since the flat is lease is decaying.

June 7, 2022

On 6/4/2022 at 10:47 AM, Alfc said:

Looking at the subscription rate for the BTO, what happen to all the BS coming from those who advocate giving all a chance to stay in near town location?

Really proven all are BS, it is about the price and opportunistic behavior isnt it.

Totally BS la. They are giving you chance to stay near town location but you youself have to be rich enough to afford them lo. There is no free lunch in this world. And there is no such thing staying near town location and you can get a new flat and cheap price.

June 7, 2022

7 hours ago, Mercs said:

Haha, thats why have this PLH model with price high- (4room highest 737K)... I wonder how hdb still gonna be affordable at this rate, not just now but also future just gonna get even more ex, eventually probably gonna see near 'no 1mil no talk' bto prices - (bto prices peg to market rate)

And also i do not understand the point of this PLH model? Thought they said PLH only apply to HDB build in town area? How come the recent BTO, queentown BTO also become PLH?

June 7, 2022

7 hours ago, Mercs said:

As per the earlier posts above - read : ahgong development plans all round SG/ even BTO prices future may hit near 'no1mil no talk'

How r property prices gonna drop or be cheaper future? Have this feeling just gonna continue rocket up to even higher price levels, like what we are already experiencing now- not just housing, with inflation everything becoming more expensive.

$1m or overly priced resale HDB, if the flat is just MOP, maybe i still can accept. But the thing is those old HDB flats, like more than 40 years still can sell like $450k plus for a 3 room, or $500k to $700k for a bigger flat is totally absurd. Esp when the location is not say very near to town. One good example is Clementi.

Wt_know · June 7, 2022

12 minutes ago, 13177 said:

$1m or overly priced resale HDB, if the flat is just MOP, maybe i still can accept. But the thing is those old HDB flats, like more than 40 years still can sell like $450k plus for a 3 room, or $500k to $700k for a bigger flat is totally absurd. Esp when the location is not say very near to town. One good example is Clementi.

$1M is normalllllllllllllll ...... welcome to singapore !

if any agent gonna say ... $1M is exception, outlier, unique, etc as a *joke*

Smith ... will .... **** .... you !

Edited June 7, 2022 by Wt_know

Dp26 · June 7, 2022

48 minutes ago, 13177 said:

Buying resale flat also not say cheap now, esp if you buy those newer resale flat. If you buy those slighly cheaper resale but old flat, long run might not be good since the flat is lease is decaying.

I meant buy those already sure SERS. Not cheap but still good/better than waiting for MOP then buy

Lease will renew in a few years from 99 once SERS is completed.

Dp26 · June 7, 2022

47 minutes ago, 13177 said:

$1m or overly priced resale HDB, if the flat is just MOP, maybe i still can accept. But the thing is those old HDB flats, like more than 40 years still can sell like $450k plus for a 3 room, or $500k to $700k for a bigger flat is totally absurd. Esp when the location is not say very near to town. One good example is Clementi.

I doubt we are going to see prices come down much, if any. Bigger units in mature estates will still be desirable and if lease is below 30 years (imo) will still fetch a decent price.

Mercs · June 7, 2022

13 hours ago, 13177 said:

$1m or overly priced resale HDB, if the flat is just MOP, maybe i still can accept. But the thing is those old HDB flats, like more than 40 years still can sell like $450k plus for a 3 room, or $500k to $700k for a bigger flat is totally absurd. Esp when the location is not say very near to town. One good example is Clementi.

Haha, as mentioned b4 - such buyers most likely cash rich, sold/enbloc their pte pocket few mil profit, just only use part of the profits to buy, so u think they'll bat an eyelid to a 1mil hdb price tag? Maybe they even say its cheap 😛

Even if just MOP type $1mil above hdb also cannot accept eg: the recent 1.4mil sold can buy similar size next to mrt though further town older PTE resale, the 40-50yrs type more no need to say, not for me ... diff strokes doff folks 😉

Mercs · June 7, 2022

13 hours ago, 13177 said:

And also i do not understand the point of this PLH model? Thought they said PLH only apply to HDB build in town area? How come the recent BTO, queentown BTO also become PLH?

Already mentioned b4? Those potential future 'no 1mil no talk' resales, may go under PLH. Ahgong future plans to have public housing at Paya Lebar airbase, East Coast, Bayshore area etc, if those are along the coastline with seaview facing, u reckon may also come under PLH even not in or near town? And how much those seaview bto prices there gonna be?

Thats why I've said earlier - future near 'no 1mil no talk' bto prices, not that far-fetched ... possible? 😉

Mercs · June 7, 2022

https://www.straitstimes.com/business/property/tampines-avenue-11-megasite-to-test-developers-appetite

Tampines Avenue 11 megasite to test developers' appetite

https://www.straitstimes.com/business/property/first-sale-site-in-marina-south-more-private-housing-supply-in-government-land-sales-programme

First sale site in Marina South, more private housing supply in govt land sales programme

https://www.businesstimes.com.sg/real-estate/7-new-sites-unveiled-in-h2-2022-gls-programme

7 new sites unveiled in H2 2022 GLS Programme

https://www.businesstimes.com.sg/real-estate/h2-government-land-sales-programme-to-have-more-private-housing-supply-first-sale-site

H2 government land sales programme to have more private housing supply, first sale site in Marina South

https://www.edgeprop.sg/property-news/government-releases-14-sites-under-2h2022-gls-programme

Government releases 14 sites under 2H2022 GLS programme

https://www.channelnewsasia.com/singapore/government-raises-confirmed-private-housing-supply-26-launch-first-sale-site-marina-south-2731241

Government raises confirmed private housing supply by 26%, to launch first sale site in Marina South

https://sbr.com.sg/residential-property/news/uras-long-term-plan-review-any-different-past-concept-plans

Is URA’s Long-Term Plan Review any different from past concept plans?

https://www.99.co/singapore/insider/h2-2022-gls-announcement/

H2 2022 GLS: First condo in Marina South, second EC in Tengah and more sites at Lentor

https://www.99.co/singapore/insider/ecs-nearing-5-year-mop-or-10-year-privatisation-eligibility-price-and-should-you-buy/

ECs nearing 5-year MOP or 10-year privatisation: eligibility, price and should you buy?

https://www.99.co/singapore/insider/family-4-upgraded-27-year-old-hdb-executive-apartment-ea-without-full-renovation/

Family of 4 upgraded to a 27-year-old HDB Executive Apartment (EA) without doing a full reno

https://www.99.co/singapore/insider/how-much-should-pay-resale-hdb-flat-2022/

How much should you pay for a resale HDB flat in 2022?

https://www.homeanddecor.com.sg/gallery/house-tour-major-makeover-transforms-a-40-year-old-condo-apartment-into-a-bright-airy-family-home/

House Tour: Major makeover transforms a 40-year-old condo apartment into a bright, airy family home

Mercs · June 7, 2022

June 8, 2022

9 hours ago, Mercs said:

Haha, as mentioned b4 - such buyers most likely cash rich, sold/enbloc their pte pocket few mil profit, just only use part of the profits to buy, so u think they'll bat an eyelid to a 1mil hdb price tag? Maybe they even say its cheap 😛

Even if just MOP type $1mil above hdb also cannot accept eg: the recent 1.4mil sold can buy similar size next to mrt though further town older PTE resale, the 40-50yrs type more no need to say, not for me ... diff strokes doff folks 😉

True, if these people are very cash rich and even could afford to buy private. Spend $1m on hdb is really cheap and worth lo, since the flat size is much bigger and better than a private condo. 😂 What for buy a private condo with flat size is small, esp the bedrooms. I would also go for a HDB with super high floor, nice view, big size.

Mercs · June 8, 2022

14 hours ago, 13177 said:

True, if these people are very cash rich and even could afford to buy private. Spend $1m on hdb is really cheap and worth lo, since the flat size is much bigger and better than a private condo. 😂 What for buy a private condo with flat size is small, esp the bedrooms. I would also go for a HDB with super high floor, nice view, big size.

Agree, with current record high property prices, those sold/enbloc already if wanna buy pte again, likely have to pay more to get same size/location etc. So it makes financial sense to get those mil$ hdb - location central, matured estate, full amenities = unbeatable

Example, sold/enbloc at value 3mil, less 1mil hdb balance 2mil for retirement, or can get another 1 or 2 pte again for rental/capital appreciation, continue ride the property huat train ... jiak beh liao 😄

Mercs · June 8, 2022

https://www.straitstimes.com/business/economy/singapore-is-13th-most-expensive-location-for-expats-as-hong-kong-tops-survey

Singapore is 13th most expensive city for expats while Hong Kong stays top: Survey

https://sbr.com.sg/residential-property/news/leasing-volumes-down-rents-private-residential-homes-in-q1-savills

Leasing volumes down, rents up for private residential homes in Q1

(Leasing volumes were down by 5.1% whilst rents grew by 4.2%)

https://www.businesstimes.com.sg/real-estate/lakepoint-condo-s640m-en-bloc-tender-closes-without-bids

Lakepoint condo S$640m en bloc tender closes without bids

https://www.businesstimes.com.sg/real-estate/h2-government-land-sales-programme-to-have-more-private-housing-supply-first-sale-site

H2 government land sales programme to have more private housing supply, first sale site in Marina South

https://mothership.sg/2022/06/property-gardens-by-the-bay/

https://www.edgeprop.sg/property-news/collective-sale-tender-lakepoint-condo-closes-without-bids-enters-private-treaty

https://www.edgeprop.sg/property-news/singapore-13th-most-expensive-city-globally-expats-eca

https://www.edgeprop.sg/property-news/analysis-which-town-has-cheapest-hdb-flats

ANALYSIS: Which town has the cheapest HDB flats?

https://www.channelnewsasia.com/listen/money-mind/5-things-you-need-know-about-rising-mortgage-rates-ep-4-2734471

Money Mind - S2E4: 5 Things you need to know about rising mortgage rates

https://stackedhomes.com/editorial/atlassia-condo-review/

Mercs · June 8, 2022

On 6/7/2022 at 2:46 AM, Mercs said:

As per the earlier posts above - read : ahgong development plans all round SG/ even BTO prices future may hit near 'no1mil no talk'

How r property prices gonna drop or be cheaper future? Have this feeling just gonna continue rocket up to even higher price levels, like what we are already experiencing now- not just housing, with inflation everything becoming more expensive.

COE also reach record all time high levels, now u know why i always say here is ... 'Expensive SG, playground of the Rich' HUAT AH!

https://www.moneymate.sg/coe-price-history

(The highest COE price in Singapore history was $92,100 on 9 Jan 2013)