Mercs: property news & updates

[Mercs]

 

 

 

 

Edited September 20, 2022 by Mercs

[Mercs]

3 hours ago, Mercs said:

Haha, and we are yet to see the full wave of foreigners coming back 

Can expect more UP UP and away to property prices going forward 😉

 

 

[Mercs]

https://www.channelnewsasia.com/singapore/property-prices-near-mrt-stations-cross-island-line-phase-2-rise-en-bloc-potential-analysts-2951916

Property prices near new MRT stations on Cross Island Line expected to rise, higher en bloc potential: Analysts

(King Albert Park, Clementi and West Coast areas will likely see a slight boost of up to 3 per cent in prices and more price gains of up to 5 per cent, says a property analyst)

 

https://www.businesstimes.com.sg/real-estate/new-city-fringe-condo-prices-climbing-closer-to-those-in-central-region

New city-fringe condo prices climbing closer to those in central region

 

https://www.edgeprop.sg/property-news/narrowing-price-gap-between-ccr-and-rcr-properties

Narrowing price gap between CCR and RCR properties

 

https://www.99.co/singapore/insider/dakota-crescent-hdb-maisonette-sold-s1-05-million/

Dakota Crescent maisonette sold for a record S$1.05 million

https://www.99.co/singapore/insider/we-asked-property-agent-sold-shophouse-property-investing-tips/

We asked the property agent who recently sold a shophouse for property investment tips

 

https://stackedhomes.com/editorial/a-case-study-on-the-old-normanton-park-3-little-known-factors-to-think-about-before-buying-a-home/

https://stackedhomes.com/editorial/6-new-mrt-stations-on-the-cross-island-line-how-will-it-impact-property-prices/

https://stackedhomes.com/editorial/are-foreigners-really-the-major-cause-of-the-rise-of-property-prices-in-singapore/

 

https://www.homeanddecor.com.sg/gallery/house-tour-turning-a-20-year-old-apartment-into-a-modern-classic-with-luxe-trimmings/

House Tour: Turning a 20-year old apartment into a modern classic with luxe trimmings

https://www.homeanddecor.com.sg/gallery/heart-of-the-home/

Heart of the Home in this 3,300 sq ft condo home in Bukit Timah

https://www.homeanddecor.com.sg/house-tours/landed/house-tour-a-private-oasis-with-a-living-facade-at-house-of-trees-by-l-architects/

House Tour: A private oasis with a living facade at House of Trees

https://www.homeanddecor.com.sg/house-tours/house-tour-an-architects-open-plan-3-room-flat-that-offers-greater-flexibility/

House Tour: An architect’s open-plan 3-room flat that offers greater flexibility

 

 

 

[Mercs]

https://www.straitstimes.com/business/economy/us-fed-raises-key-interest-rate-by-075-percentage-point-as-recession-fears-mount

US Fed raises interest rates by 75 basis points, Powell signals more pain to come

https://www.straitstimes.com/business/economy/fed-signals-willing-to-accept-recession-to-crush-inflation

With latest rate hike, US Fed signals willingness to accept recession to crush inflation

https://www.straitstimes.com/business/economy/how-to-read-the-feds-projections-like-a-pro

How to read the Fed's projections like a pro

https://www.straitstimes.com/business/economy/what-the-feds-latest-big-rate-hike-means-for-singapore

What the US Fed's latest big rate hike means for Singapore

 

https://www.businesstimes.com.sg/real-estate/new-definitions-of-floor-area-could-eat-into-developers-saleable-area-and-margins-for

New definitions of floor area could eat into developers’ saleable area - and margins - for condo projects

 

https://www.edgeprop.sg/property-news/land-betterment-charge-rates-revised-non-landed-residential-developments-see-biggest-increase

Land betterment charge rates revised; non-landed residential developments see biggest increase

https://www.edgeprop.sg/property-news/four-bedder-marq-incurs-record-775-mil-loss

Four-bedder at The Marq incurs record $7.75 mil loss

https://www.edgeprop.sg/property-news/tomlinson-hits-new-high-2429-psf

The Tomlinson hits new high of $2,429 psf

https://www.edgeprop.sg/property-news/two-storey-detached-house-pasir-ris-ave-sale-298-mil

Two-storey detached house at Pasir Ris Ave for sale at $2.98 mil

 

https://www.99.co/singapore/insider/ocr-new-launch-2000-psf/

How did OCR new launches go beyond S$2,000 psf?

https://www.99.co/singapore/insider/3-insights-phase-2-cross-island-line-mrt-stations/

3 insights from the recently announced Phase 2 Cross Island Line MRT stations you might have missed

 

https://stackedhomes.com/editorial/updated-list-of-hdb-executive-apartments-in-2022-how-much-have-prices-increased-where-to-find-them/

https://stackedhomes.com/editorial/avoid-absd-legally/

https://stackedhomes.com/editorial/5-ready-to-move-well-designed-hdbs-above-1000-sqft/

[Mercs]

https://www.straitstimes.com/business/property/strong-property-market-singapores-reopening-fuel-higher-land-betterment-charge-rates

Strong property market, Singapore's reopening fuel higher land betterment charge rates

 

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-sept-6-sept-13-done-deals

Residential transactions with contracts dated Sept 6 to Sept 13 [DONE DEALS]

 

https://www.channelnewsasia.com/singapore/dbs-temporarily-removes-fixed-rate-mortgage-home-loans-2960066

DBS, UOB temporarily remove fixed rate home loans amid ongoing review

 

https://www.99.co/singapore/insider/single-family-exec-serangoon-gardens-condo-lentor-modern/

From being single to raising a family: 32-year-old exec shares her home-buying condo journey from Serangoon Gardens to Lentor Modern

 

https://stackedhomes.com/editorial/we-make-350k-per-year-and-are-both-30-which-of-these-3-condos-is-best-with-primary-schools-in-mind/

 

 

 

[Mercs]

 

[Mercs]

 

 

[Mercs]

https://www.straitstimes.com/business/property/shophouse-sales-saw-historical-profits-and-psf-recorded-this-year

$4.5m profit in 14 months: Soaring demand continues to push up prices of S'pore shophouses

https://www.straitstimes.com/business/invest/is-it-worth-paying-more-to-live-above-a-mall-0

Is it worth paying more to live above a mall?

https://www.straitstimes.com/business/invest/puzzling-plan-to-buy-over-hdb-flat-costs-man-200k

'Puzzling' plan to buy over HDB flat costs man $200k

https://www.straitstimes.com/business/invest/well-off-dementia-patients-abandoned-by-their-relatives

Why two well-off dementia patients with private homes have been abandoned by relatives

https://www.straitstimes.com/singapore/housing/singaporeans-aspirations-and-concerns-on-housing-to-be-discussed-desmond-lee

Singaporeans' aspirations and concerns on housing to be discussed: Desmond Lee

https://www.straitstimes.com/singapore/housing/more-hdb-resale-flats-sold-for-at-least-1m-in-first-9-months-of-2022-than-in-whole-of-2021

More HDB resale flats sold for at least $1m in first 9 months of 2022 than in whole of 2021

 

https://sbr.com.sg/residential-property/news/chart-day-vacancy-stock-resumes-rise-in-q2

Chart of the day: Vacancy stock resumes rise in Q2

(The increase in vacancy stocks was attributed to a large number of completions)

 

https://www.businesstimes.com.sg/real-estate/2-buildings-zoned-commercial-in-tanjong-pagar-to-be-launched-for-collective-sale

2 buildings zoned commercial in Tanjong Pagar to be launched for collective sale

https://www.businesstimes.com.sg/opinion/location-can-continue-to-drive-price-premium-for-cbd-offices-prime-area-homes

Location can continue to drive price premium for CBD offices, prime area homes

https://www.businesstimes.com.sg/real-estate/cuscaden-peak-investments-puts-3-freehold-nassim-road-bungalows-on-market

Cuscaden Peak Investments puts 3 freehold Nassim Road bungalows on market

(Asking price is a record S$5,200 psf on land area, translating to a total of nearly S$239 million)

 

https://www.asiaone.com/money/dbs-vs-ocbc-vs-uob-home-loan-which-home-loan-best

DBS vs OCBC vs UOB home loan: Which home loan is best?

 

https://stackedhomes.com/editorial/a-landed-home-for-just-780k-touring-jalan-chempaka-kuning-bedok-walk-landed-estates-with-a-lot-of-character/

https://stackedhomes.com/editorial/a-13k-condo-renovation-breakdown-how-this-creative-homeowner-self-designed-decorated-their-732-sqft-home/

https://stackedhomes.com/editorial/chuan-park-en-bloc-saga-4-key-lessons-to-learn-for-future-en-bloc-hopefuls/

 

https://www.homeanddecor.com.sg/gallery/house-tour-350k-reno-turns-this-terrace-home-in-tanah-merah-into-a-cosy-pad-with-a-japandi-theme/

House Tour: $350K reno turns this terrace home in Tanah Merah into a cosy pad with a Japandi theme

[Mercs]

https://www.asiaone.com/money/property-prices-may-get-even-more-expensive-2023-why-new-land-betterment-charge-rates-will

Property prices may get even more expensive in 2023: Why new land betterment charge rates will affect prices

https://www.asiaone.com/money/bedoks-first-million-dollar-flat-snapped-month

Bedok's first million-dollar flat snapped up in a month

 

https://sbr.com.sg/residential-property/news/developers-may-reassess-bids-enbloc-sites-due-revised-lbc-rates-analyst

Developers may reassess bids for enbloc sites due to revised LBC rates: analyst

 

https://www.edgeprop.sg/property-news/freehold-residential-site-jalan-hajijah-sale-1525-mil

Freehold residential site at Jalan Hajijah for sale at $15.25 mil

 

https://stackedhomes.com/editorial/inside-a-coronation-road-landed-home-in-singapore-with-an-incredible-7m-high-family-hangout-space/

 

 

https://stackedhomes.com/editorial/city-view-boon-keng-dbss-review/

 

 

[13177]

@Mercs 

 

https://stackedhomes.com/editorial/city-view-boon-keng-dbss-review/

This owner so rich? Spent $1m to buy this HDB and spent another $100k for reno? 😲 😲 😲

[Kopites]

100k actually not exorbitant. Simple ID renovation nowadays can easily come up to 50k on average. 

This one surely more than 100k ! Nowadays owner can really splurge on reno. Look at the kitchen and concealed toilet(power room).

 

Edited September 28, 2022 by Kopites

[13177]

19 minutes ago, Kopites said:

100k actually not exorbitant. Simple ID renovation nowadays can easily come up to 50k on average. 

This one surely more than 100k ! Nowadays owner can really splurge on reno. Look at the kitchen and concealed toilet(power room).

 

People nowadays really cash rich, can splurge on reno lo. Cause huge part of the reno fees you need to pay in cash, bank’s renovation loan is capped at $30k only lo. Dont know why people have so much hard cash on hand?

[Dp26]

I think the reality is a lot of people has higher earning capacity now. Thus having more funds on hand to make available for many things. 

 

And also more logical since these ppl are buying expensive hdb meaning they have higher earning power and usually higher spending power also 

 

but what is reported in the news is also just one of hundreds/thousands of Reno done.

Not everyone have the budget to spend 100k on Reno but many are willing to spend.

 

If this kind of reno also need to take loan then not very cash rich la.

Edited September 28, 2022 by Dp26

[13177]

13 minutes ago, Dp26 said:

I think the reality is a lot of people has higher earning capacity now. Thus having more funds on hand to make available for many things. 

 

And also more logical since these ppl are buying expensive hdb meaning they have higher earning power and usually higher spending power also 

 

but what is reported in the news is also just one of hundreds/thousands of Reno done.

Not everyone have the budget to spend 100k on Reno but many are willing to spend.

 

If this kind of reno also need to take loan then not very cash rich la.

True, dont think many can afford to spend 100k on reno, maybe not even 80k reno. Whenever they report on such reno, it might give a wrong impression to people that many people can afford such expensive reno.

[Wt_know]

7 minutes ago, 13177 said:

True, dont think many can afford to spend 100k on reno, maybe not even 80k reno. Whenever they report on such reno, it might give a wrong impression to people that many people can afford such expensive reno.

when this kind of clickbait video reports $100K reno ... the actual cost smelly smelly $120K++ ... 

if the reno stay for 10 years ... that's $12K depreciation per annum .... 

+maintenance and upkeep ... sure > $12K/pa

Edited September 28, 2022 by Wt_know

[13177]

7 minutes ago, Wt_know said:

when this kind of clickbait video reports $100K reno ... the actual cost smelly smelly $120K++ ... 

if the reno stay for 10 years ... that's $12K depreciation per annum .... 

+maintenance and upkeep ... sure > $12K/pa

If the HDB can sell more than $1m next time, maybe still can recoup back some money spent on reno?

[Mercs]

13 hours ago, 13177 said:

@Mercs 

 

https://stackedhomes.com/editorial/city-view-boon-keng-dbss-review/

This owner so rich? Spent $1m to buy this HDB and spent another $100k for reno? 😲 😲 😲

 

With skyrocketing property prices, quite the norm now. Mil$ hdb(s) are sprouting up everywhere.

Which also means the pool of hdb upgraders is ballooning = even more demand to PTE 😉

 

https://tnp.straitstimes.com/news/singapore/more-hdb-resale-flats-sold-least-1m-first-9-months-2022

More HDB resale flats sold for at least $1m in first 9 months of 2022

 

"As at Sunday, there have been 266 million-dollar HDB resale flat transactions, exceeding the 259 units recorded in 2021, according to HDB data"

 

https://stackedhomes.com/editorial/5-reasons-why-we-are-seeing-so-many-million-dollar-flats-in-2022/#gs.dc70zp

Edited September 28, 2022 by Mercs

[Mercs]

https://www.edgeprop.sg/property-news/private-non-landed-housing-prices-04-m-o-m-august-nus-srpi

Private non-landed housing prices up 0.4% m-o-m in August: NUS SRPI

https://www.edgeprop.sg/property-news/cross-island-line-phase-2-boost-surrounding-property-prices

Cross Island Line Phase 2 to boost surrounding property prices

https://www.edgeprop.sg/property-news/mixed-use-development-serene-centre-sale-120-mil

Mixed-use development Serene Centre up for sale at $120 mil

https://www.edgeprop.sg/property-news/sultan-plaza-collective-sale-tender-close-oct-26

Sultan Plaza collective sale tender to close on Oct 26

 

https://www.99.co/singapore/insider/3-rule-changes-floor-area-land-betterment-remnant-land-property-prices-en-bloc/

3 recent rule changes to floor area, land betterment and remnant land that will likely affect future property prices and en blocs

 

https://stackedhomes.com/editorial/inside-a-coronation-road-landed-home-in-singapore-with-an-incredible-7m-high-family-hangout-space/

 

https://www.homeanddecor.com.sg/gallery/house-tour-764-sq-ft-2-bedder-condo-in-canberra-road-with-a-dark-suave-and-stylish-look/

House Tour: 764 sq ft 2-bedder condo in Canberra road with a dark, suave and stylish look