Mercs: property news & updates

[Mercs]

https://www.99.co/singapore/insider/couple-black-and-white-theme-apartment-sophia-road-for-sale/

After 4 years, couple puts Art Deco, black-and-white-themed apartment at Sophia Road for sale

 

https://stackedhomes.com/editorial/tour-a-incredible-60k-hdb-transformation-how-a-couple-self-designed-a-modern-coastal-retreat/

 

 

 

 

 

[Mercs]

6 minutes ago, 13177 said:

This one only apply buying resale condo? How about buying hdb without agent?

Simple answer is YES, but reckon most would use agent to simplify matters. 

 

https://ohmyhome.com/en-sg/blog/7-steps-buy-your-hdb-without-agent/

How to Buy an HDB Resale Flat Without an Agent

 

Can I buy a resale HDB without an agent?

Yes, you can. Before doing so, you will need to visit the HDB Resale Portal for an instant assessment of your eligibility to do so, as well as information on  CPF housing grants and the HDB housing loan.

 

https://www.99.co/singapore/insider/commission-property-agents/

Property agent commission in Singapore: How much should I pay?

 

 

 

 

 

 

 

 

[Mrmilktooth]

8 hours ago, 13177 said:

This one only apply buying resale condo? How about buying hdb without agent?

To make your life easier and fuss free. HDB I feel engage an agent is better choice

[Mercs]

UP UP and away!

 

 

 

https://www.srx.com.sg/research/63721/hdb-resale-prices-rise-for-the-25th-straight-month-climbing-by-07-in-july-2022

HDB Resale Prices Rise for the 25th Straight Month, Climbing by 0.7% in July 2022

https://www.straitstimes.com/singapore/housing/hdb-flat-resale-prices-climb-for-25th-straight-month-in-july-with-33-million-dollar-units-sold

HDB flat resale prices climb for 25th straight month; Queenstown resale flat sold for record $1,418,000

https://www.businesstimes.com.sg/real-estate/hdb-resale-deals-jump-105-in-july-prices-inch-up-as-market-moderates-srx-99co

 

 

As mentioned prior - becoming the norm, anywhere everywhere also 'no 1mil no talk' 😉

 

https://sbr.com.sg/residential-property/news/july-posts-33-million-dollar-flats-sold-second-highest-in-month

July posts 33 million-dollar flats sold – second-highest in a month

https://www.99.co/singapore/insider/first-million-dollar-flats-sold-bukit-batok-marine-parade-july-2022/

First million-dollar flats sold in Bukit Batok and Marine Parade in July 2022

 

" five-room premier apartment loft unit in Queenstown's SkyTerrace @ Dawson sold for $1,418,000 - the most expensive resale flat in history.

The previous record was the $1.4 million logged by a five-room HDB flat at Block 96A Henderson Road in May."

[Mercs]

https://sg.finance.yahoo.com/news/singapore-property-market-report-q3-174858354.html

Singapore Property Market Report Q3 2022

https://sg.finance.yahoo.com/news/top-10-best-selling-condos-190000214.html

Top 10 Best-Selling Condos in Q2 2022: Why Are They So Popular?

https://sg.finance.yahoo.com/news/top-10-condos-rent-q2-222249384.html

Top 10 Condos for Rent in Q2 2022: Why Are These Properties So Popular in Singapore?

 

https://www.businesstimes.com.sg/global-enterprise/hundreds-of-ultra-rich-chinese-eyeing-move-to-singapore-generating-us24b-inflows

Hundreds of ultra-rich Chinese eyeing move to Singapore, generating US$2.4b inflows: 

 

https://www.channelnewsasia.com/asia/malaysia-jb-court-lawsuit-country-garden-danga-bay-condominium-buyers-developer-adjourn-september-2858841

Trial for lawsuit brought by property buyers against JB's Country Garden Danga Bay adjourned to September

(During the second day of court proceedings, a Singaporean buyer alleged that the sales and purchase agreement was altered after he signed the document)

 

https://stackedhomes.com/editorial/5-unique-hdbs-with-balconies-that-are-nicely-renovated/

 

https://www.homeanddecor.com.sg/gallery/check-out-meyerhouse-by-woha-architects-sia-architectural-design-awards-2022s-design-of-the-year-project/

Check out MeyerHouse by WOHA Architects, SIA Architectural Design Awards 2022’s Design of the Year project

 

 

 

[13177]

10 hours ago, Mercs said:

UP UP and away!

 

 

 

https://www.srx.com.sg/research/63721/hdb-resale-prices-rise-for-the-25th-straight-month-climbing-by-07-in-july-2022

HDB Resale Prices Rise for the 25th Straight Month, Climbing by 0.7% in July 2022

https://www.straitstimes.com/singapore/housing/hdb-flat-resale-prices-climb-for-25th-straight-month-in-july-with-33-million-dollar-units-sold

HDB flat resale prices climb for 25th straight month; Queenstown resale flat sold for record $1,418,000

https://www.businesstimes.com.sg/real-estate/hdb-resale-deals-jump-105-in-july-prices-inch-up-as-market-moderates-srx-99co

 

 

As mentioned prior - becoming the norm, anywhere everywhere also 'no 1mil no talk' 😉

 

https://sbr.com.sg/residential-property/news/july-posts-33-million-dollar-flats-sold-second-highest-in-month

July posts 33 million-dollar flats sold – second-highest in a month

https://www.99.co/singapore/insider/first-million-dollar-flats-sold-bukit-batok-marine-parade-july-2022/

First million-dollar flats sold in Bukit Batok and Marine Parade in July 2022

 

" five-room premier apartment loft unit in Queenstown's SkyTerrace @ Dawson sold for $1,418,000 - the most expensive resale flat in history.

The previous record was the $1.4 million logged by a five-room HDB flat at Block 96A Henderson Road in May."

Really super crazy. Really soon hdb resale flat no $1m no talk. And also soon hdb resale flat going towards $1.5m!  So many rich people around.

[Mercs]

16 hours ago, 13177 said:

Really super crazy. Really soon hdb resale flat no $1m no talk. And also soon hdb resale flat going towards $1.5m!  So many rich people around.

Haha agree, with hdb resale prices at a high, so will be BTO prices too as it's peg to market rate, so how gonna be affordable for the masses now or future? Mil$ hdb resales are everywhere, for pte even with rising int rates, record high psf, new launches still well received sold like hotcakes.

So why so many rich ppl around? Getting to the root of it, many have followed the main core principle for SG property- 'always ideal to stay vested'. Cashed out the pte via sales or enbloc at nice profits, using just part of the profit hoot one mil$ hdb, not out of pocket so no pain even at high prices and probably paid in full cash, with the remaining capital to hoot another 1 or 2 pte new launch/resale to remain vested. 

For new launches, majority (above 80%) are still local buys, even though borders reopen yet to see foreign purchase in full force (although picking up). So there is still more room for further price upside, as mentioned prior - enbloc fever (already picking up steam), more foreigners returning, demand vs supply (BTO delay, developers record low unsold pte inventory). All these to further prop up property price as well as rental demand.

Just like the current COE all time high above 100k a pop, unlikely to come down anytime time soon (reason? reduced quota, demand vs supply), can expect SG property prices to further reach another record high all time high benchmark, which comes to another often memtioned - Expensive SG

 

 

https://sbr.com.sg/residential-property/news/selling-prices-private-properties-grow-around-3-5-in-q2

Selling prices for private properties grow by around 3%-5% in Q2

(The strong takeup in new condo launches boosted prices during the quarter)

https://sbr.com.sg/residential-property/news/rental-prices-private-properties-see-sharp-spike-in-q2-expatriates-return

Rental prices for private properties see sharp spike in Q2 as expatriates return

(Prices rose by around 8% to 15% in Q2)

 

https://www.edgeprop.sg/property-news/singapore-new-york-tied-top-spot-highest-prime-rental-growth-1h2022

Singapore, New York tied in top spot for highest prime rental growth in 1H2022

https://www.edgeprop.sg/property-news/four-bedroom-unit-top-ten-emerald-hill-sold-34-mil-profit

Four-bedroom unit at Top Ten in Emerald Hill sold for $3.4 mil profit

Edited August 5, 2022 by Mercs

[Mercs]

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-july-12-july-26-done-deals

Residential transactions with contracts dated July 12 to July 26 [DONE DEALS]

https://www.edgeprop.sg/property-news/more-willing-pay-connectivity-and-convenience-survey

More willing to pay for connectivity and convenience: Survey

https://www.edgeprop.sg/property-news/one-pearl-bank-hits-new-high-2959-psf

One Pearl Bank hits new high of $2,959 psf

https://www.edgeprop.sg/property-news/jalan-belangkas-freehold-semi-detached-block-518-mil

Jalan Belangkas freehold semi-detached on the block for $5.18 mil

https://www.edgeprop.sg/property-news/victory-land-price-enchanté-evelyn-road-average-2700-2800-psf

Victory Land to price Enchanté on Evelyn Road at an average of $2,700 to $2,800 psf

 

https://sbr.com.sg/residential-property/news/no-recovery-yet-hdb-resale-demand-cooling-measures-analyst

No recovery yet for HDB resale demand since cooling measures: analyst

https://sbr.com.sg/residential-property/news/price-demand-hdb-rental-assets-decline-first-time-in-3-years-propertyguru

Price, demand for HDB rental assets decline for the first time in 3 years

 

https://stackedhomes.com/editorial/8-freehold-condos-below-250-units-but-still-have-a-tennis-court-swimming-pool/

https://stackedhomes.com/editorial/will-kingsford-waterbay-boathouse-residences-or-riversails-be-a-better-choice-for-a-couple-looking-to-upgrade-from-their-hdb/

https://stackedhomes.com/editorial/we-find-the-cheapest-4-room-resale-hdb-flats-in-2022-price-increases-from-2021/

[Mercs]

https://www.edgeprop.sg/property-news/‘richest-man-inner-mongolia’-pays-record-price-5800-psf-unit-le-nouvel-ardmore

 ‘Richest man in Inner Mongolia’ pays record price of $5,800 psf for unit at Le Nouvel Ardmore

 

https://www.straitstimes.com/singapore/housing/ang-mo-kio-sers-residents-given-option-of-applying-for-bto-flat-in-same-estate-under-priority-scheme

AMK Sers residents can now apply for BTO flat in same estate under priority scheme

https://www.straitstimes.com/singapore/housing/colonial-era-bungalow-about-100-years-old-to-be-part-of-new-yishun-housing-area

Colonial-era bungalow about 100 years old to be part of new Yishun housing area

https://www.straitstimes.com/singapore/housing/orto-leisure-park-in-yishun-to-shut-by-mid-2023-to-make-way-for-housing

Orto leisure park in Yishun to shut by mid-2023 to make way for housing

 

https://www.asiaone.com/money/singapores-red-hot-rents-spur-co-living-boom-and-not-just-expats

Singapore's 'red-hot' rents spur a co-living boom - and not just for expats

 

https://www.zaobao.com.sg/finance/singapore/story20220807-1300556

夹心层爸爸 vs 有钱人爸爸

https://www.zaobao.com.sg/finance/singapore/story20220806-1300243

新柔地铁预计2026年底通车 兀兰北站料带动兀兰区房价

 

https://stackedhomes.com/editorial/touring-west-coast-landed-estate-999-year-landed-homes-thats-less-crowded-and-near-many-schools/

https://stackedhomes.com/editorial/ive-lived-at-dleedon-for-2-years-heres-my-review-of-what-its-like-staying-at-a-mega-development/

 

 

 

 

 

[Mercs]

On 8/6/2022 at 12:22 AM, Mercs said:

For new launches, majority (above 80%) are still local buys, even though borders reopen yet to see foreign purchase in full force (although picking up). So there is still more room for further price upside, as mentioned prior - enbloc fever (already picking up steam), more foreigners returning, demand vs supply (BTO delay, developers record low unsold pte inventory). All these to further prop up property price as well as rental demand.

 

 

https://www.todayonline.com/singapore/property-buyers-developers-en-bloc-sales-risks-recession-interest-rates-analysts-1964506

En-bloc market stirring, but analysts warn of possible recession risks for buyers and developers

 

- As of July 2022, there have been a total of 12 collective sale deals amounting to nearly S$3.5 billion

- This is already more than the S$2.2 billion from the 11 deals for the whole of 2021

- Developers and property owners looking to ride on these collective sales may face some challenges, analysts said

- Some analysts expect the heightened en-bloc sales activities to continue until 2023

- However, a full-blown recession or government intervention could slow down sales

 

WHAT’S FUELLING THE LATEST WAVE?

"Property analysts attributed the latest wave of collective sales to developers looking to replenish their land inventories.

the unsold stock of new private homes had dropped from a high of more than 36,000 units in the first quarter of 2019 to 15,805 in the second quarter of this year.

“The healthy sales (of new development launches) set against a backdrop of dwindling unsold new private home stock in the market means that many developers are likely looking to replenish their land inventory and build up their future residential supply pipeline."

[Mercs]

https://www.channelnewsasia.com/singapore/doesnt-make-difference-ang-mo-kio-sers-residents-bto-flat-estate-replacement-2866761

'Doesn't really make a difference': Ang Mo Kio SERS residents shrug at chance to apply for BTO flat in the estate

https://sbr.com.sg/residential-property/news/new-sers-package-never-enough-amk-residents-huttons

New SERS package ‘never enough’ for AMK residents

 

https://sbr.com.sg/residential-property/news/hdb-resale-flats-prices-243-qoq-in-q3-propertyguru

HDB resale flats prices up 2.43% QoQ in Q3:

(This marks the 16th straight quarter )

 

https://www.99.co/singapore/insider/singaporeans-buy-executive-condominiums/

Why Singaporeans still love buying executive condominiums

https://www.99.co/singapore/insider/public-outcry-orto-kampung-kampus-moving-out-make-way-for-housing/

Public outcry over Orto leisure park and Kampung Kampus moving out of its site to make way for housing

https://www.99.co/singapore/insider/new-tallest-axa-tower-skyscraper-singapore/

New tallest skyscraper in Singapore?

 

https://stackedhomes.com/editorial/your-condo-management-or-mcst-can-affect-your-future-profits-7-must-know-tips-to-deal-with-issues/

https://stackedhomes.com/editorial/buying-a-home-during-hungry-ghost-month-does-bad-luck-translate-to-lesser-profit/

 

 

 

[13177]

7 hours ago, Mercs said:

https://www.channelnewsasia.com/singapore/doesnt-make-difference-ang-mo-kio-sers-residents-bto-flat-estate-replacement-2866761

'Doesn't really make a difference': Ang Mo Kio SERS residents shrug at chance to apply for BTO flat in the estate

https://sbr.com.sg/residential-property/news/new-sers-package-never-enough-amk-residents-huttons

New SERS package ‘never enough’ for AMK residents

Aiyo, until now still so many 'complains' and 'feedback' from the AMK SERS residents? Why this SERS so problematic? Lol.

[Kopites]

32 minutes ago, 13177 said:

Aiyo, until now still so many 'complains' and 'feedback' from the AMK SERS residents? Why this SERS so problematic? Lol.

Reading the news article apparently they wanted HDB to offer them August Bukit merah BTO as well! Isn't that abit too far away from AMK?

Quoted from one of the article linked by Merc.

"The package may appease residents impacted by SERS policy but it will not be enough. Residents will also ask why the offering is limited to 10% and why the BTO in Bukit Merah was not offered to them."

🤔

Edited August 10, 2022 by Kopites

[Kopites]

I would propose to HDB cease the amk sers now. Let the lease decay to it 99 years. Or build a temple right next to the blocks. 

I am naughty. 🤣

Edited August 10, 2022 by Kopites

[Mercs]

11 hours ago, 13177 said:

Aiyo, until now still so many 'complains' and 'feedback' from the AMK SERS residents? Why this SERS so problematic? Lol.

Cos the older folks dun wanna move, maybe if offer them brand new 99 plus no need top up they may be happy.

But ... wait long long

 

[Mercs]

UP UP and away!

 

 

https://www.srx.com.sg/research/63741/condo-resale-prices-rise-for-24th-straight-month-increasing-by-12-in-july-2022-volumes-fall-by-307-year-on-year

Condo Resale Prices Rise for 24th Straight Month, Increasing by 1.2% in July 2022; Volumes Fall by 30.7% Year-on-Year

https://www.straitstimes.com/business/property/condo-resale-prices-rise-for-24th-straight-month-in-july-volume-falls-307-year-on-year

https://www.businesstimes.com.sg/real-estate/condo-resale-volumes-fall-for-3rd-straight-month-in-july-prices-continue-rise-srx-99co

https://sbr.com.sg/residential-property/news/chart-day-condo-resale-volumes-falls-307-in-july

https://www.99.co/singapore/insider/condo-resale-volume-dropped-3rd-straight-month-prices-increase-july-2022/

 

 

[Alfc]

1 hour ago, Mercs said:

Cos the older folks dun wanna move, maybe if offer them brand new 99 plus no need top up they may be happy.

But ... wait long long

 

Last time SERS, the new flats are price cheaper with quite a substantial upside for flat owner to huat big if sell it after MOP.

Today, all the new flat price peg to resale price which is hitting all time high. So the first slice of the cake already eaten. The upside from re-selling is severely diminished, not to mention still have to pay higher $ for the new flats. No wonder the older folks would rather stay put. I think this should totally have been anticipated when doing this SERS. Lost ground touch liao.

[13177]

12 hours ago, Kopites said:

Reading the news article apparently they wanted HDB to offer them August Bukit merah BTO as well! Isn't that abit too far away from AMK?

Quoted from one of the article linked by Merc.

"The package may appease residents impacted by SERS policy but it will not be enough. Residents will also ask why the offering is limited to 10% and why the BTO in Bukit Merah was not offered to them."

🤔

Alamak, AMK residents not only created so many problems on the SERS compensation package, and now they also want the premium location in Bt Merah? Thought they have already requested the coming AMK BTO to be offered to them liao? 🙄