Mercs: property news & updates

[Mercs]

UP UP and away!

 

 

 

https://www.srx.com.sg/research/64361/condo-resale-prices-grow-for-28th-consecutive-month-climbing-by-11-in-november-2022

Condo Resale Prices Grow for 28th Consecutive Month, Climbing by 1.1% in November 2022

 

 

 

 

[Mercs]

UP UP and away!

 

https://www.srx.com.sg/research/64371/condo-rents-increase-by-20-in-november-2022-increasing-for-23rd-consecutive-month-hdb-rents-rise-by-16-rising-for-29th-straight-month

Condo Rents Increase by 2.0% in November 2022, Increasing for 23rd Consecutive Month; HDB Rents Rise by 1.6%, Rising for 29th Straight Month

 

[Mercs]

 

[Mercs]

 

https://www.edgeprop.sg/property-news/november-new-home-sales-fall-17-m-o-m-259-units

November new home sales fall 17% m-o-m to 259 units

 

 

 

 

https://www.scmp.com/economy/china-economy/article/3203309/covid-weary-chinese-millionaires-eye-singapore-amid-chaos-and-unpredictability-home

Covid-weary Chinese millionaires eye Singapore amid ‘chaos and unpredictability’ at home

- Singapore is becoming a magnet for Chinese professionals and the wealthy who want to flee economic and Covid problems at home

 

https://www.scmp.com/week-asia/politics/article/3201832/taiwans-rich-eye-singapore-insurance-policy-amid-fears-china-attack

Taiwan’s rich eye a Singapore ‘insurance policy’ amid fears of China attack

- Fund managers and bankers say enquiries have jumped ‘fourfold’ in the last year, with some Taiwanese snapping up luxury homes worth millions

 

 

Proportion of new home sales purchases by foreigners

Edited December 15, 2022 by Mercs

[Mercs]

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-nov-29-dec-6-done-deals

Residential transactions with contracts dated Nov 29 to Dec 6 [DONE DEALS]

https://www.edgeprop.sg/property-news/four-bedder-one-jervois-sold-17-mil-profit

Four-bedder at One Jervois sold for $1.7 mil profit

https://www.edgeprop.sg/property-news/principal-garden-reaches-new-high-2283-psf

Principal Garden reaches new high of $2,283 psf

 

https://www.99.co/singapore/insider/review-28-condo-sold-loss-nov-2022/

A review of the 28 condo units that sold at a loss in November 2022

https://www.99.co/singapore/insider/gst-increase-january-2023-property-buyers-sellers-upgraders-renovators/

GST increases to 8% from 1 January 2023: Should property buyers, sellers, upgraders and renovators be concerned?

 

https://www.cnbc.com/2022/12/14/fed-rate-decision-december-2022.html

Fed raises interest rates half a point to highest level in 15 years

https://www.channelnewsasia.com/singapore/mortgage-home-loan-rates-rising-owners-expect-rents-us-fed-3146526

Mortgage outlook for 2023: Will home loan rates keep rising? What can home owners expect?

(The US Federal Reserve lifted its benchmark lending rate by half a percentage point on Wednesday. What does this mean for home owners in Singapore in 2023?)

 

 

[Mercs]

9 hours ago, Mercs said:

https://www.scmp.com/economy/china-economy/article/3203309/covid-weary-chinese-millionaires-eye-singapore-amid-chaos-and-unpredictability-home

Covid-weary Chinese millionaires eye Singapore amid ‘chaos and unpredictability’ at home

- Singapore is becoming a magnet for Chinese professionals and the wealthy who want to flee economic and Covid problems at home

 

https://www.scmp.com/week-asia/politics/article/3201832/taiwans-rich-eye-singapore-insurance-policy-amid-fears-china-attack

Taiwan’s rich eye a Singapore ‘insurance policy’ amid fears of China attack

- Fund managers and bankers say enquiries have jumped ‘fourfold’ in the last year, with some Taiwanese snapping up luxury homes worth millions

 

 

Proportion of new home sales purchases by foreigners

 

 

[Volvobrick]

46 minutes ago, Mercs said:

 

 

共同富裕! 

[Mercs]

2 hours ago, Volvobrick said:

共同富裕! 

SG property = always ideal to stay vested 😉

 

[Mercs]

On 12/11/2022 at 12:45 AM, Mercs said:

As mentioned prior - Demand Supply, if nothing done NOW (increase ready supply) to ease the immediate demand = property prices HDB/PTE/Rents to continue uptrend next few years. CMs won't work eg: 15 months liang teh is just kicking the can down the road, demand still there waiting to pounce. 🤣

Be ready to see even more new record highs very near future. 😉

 

 

https://mothership.sg/2022/12/singaporeans-dissatisfied-housing-measures/

41% of 1,000 S'porean respondents unhappy with current housing measures: Seedly survey

(They don't think current measures are enough to keep housing affordable)

 

Nine in 10 Singaporeans are "very" or "somewhat concerned" about the rising home prices, according to a survey of 1,000 Singaporeans aged 16 and above.

The online survey, conducted by Southeast Asia consumer research company Milieu Insight in collaboration with finance assistant platform Seedly, was held from Nov. 30 to Dec. 5, 2022.

The study was done to understand the impact of inflation and rising home prices on Singaporeans, as well as their opinions of government measures.

As of Oct. 2022, year-on-year inflation was at 6.7 per cent, according to the Monetary Authority of Singapore.

 

Here are some of the results.

Rising housing prices affect Singaporeans

Rising home prices have affected 71 per cent of Singaporeans, and even affected homeownership plans for couples expecting a child.

32 per cent of Singaporeans intend to buy a house in the next five years, with Singaporeans aged 25 to 44 being more likely to want to buy a house in the same period.

Built-to-Order (BTO) flats still remain the most popular type of housing among Singaporeans (44 per cent), followed by resale HDB flats (27 per cent).

However, due to construction delays of new housing projects caused by the Covid pandemic, Singaporeans who are not able to wait have turned to the resale market or private housing.

 

Almost half of respondents dissatisfied with current housing measures

34 per cent of Singaporeans aged 35 to 44 intend to buy private housing in the next five years.

When asked about how satisfied they are with the government's measures to keep housing prices affordable, only 19 per cent of those surveyed were "very" or "somewhat satisfied".

Meanwhile, 41 per cent of respondents are dissatisfied with the current housing measures in place to keep housing affordable.

Head of Seedly, Yap Ming Feng, said that "inflation has a higher impact on those with lower household incomes and it is important for us to go back to the basics of personal finance to effectively tide through this difficult period".

Yap advises Singaporeans to get sufficient insurance coverage and have a proper budgeting plan in order to combat the rising cost of living.

[Wt_know]

means what? they want to buy low and sell high to flip prata?

Quote

Almost half of respondents dissatisfied with current housing measures

34 per cent of Singaporeans aged 35 to 44 intend to buy private housing in the next five years.

When asked about how satisfied they are with the government's measures to keep housing prices affordable, only 19 per cent of those surveyed were "very" or "somewhat satisfied".

Edited December 18, 2022 by Wt_know

[Volvobrick]

9 minutes ago, Wt_know said:

means what? they want to buy low and sell high to flip prata?

Statistically only 20% is private housing. So 14% (34 minus 20) of the respondents will be very disappointed.

[Mercs]

https://sbr.com.sg/residential-property/news/baseline-price-mass-market-condominium-exceed-2000-psf-in-2023

Baseline price of mass market condominium to exceed $2,000 psf in 2023

(Overall, residential prices will increase by 7% next year)

https://sbr.com.sg/residential-property/news/ec-popularity-remained-strong-amongst-homebuyers-in-november

EC popularity remained strong amongst homebuyers in November

 

https://www.businesstimes.com.sg/companies-markets/propertyguru-sees-healthy-demand-2023-no-plans-cut-jobs

PropertyGuru sees healthy demand for 2023; no plans to cut jobs

 

https://sg.finance.yahoo.com/news/26-condos-top-2023-those-221147600.html

26 Condos That Will TOP in 2023 for Those Who Need to Move Urgently in Singapore

 

https://www.straitstimes.com/business/invest/4-property-trends-to-watch-in-2023

4 property trends to watch in 2023

 

https://stackedhomes.com/editorial/if-you-own-an-investment-shoebox-unit-here-are-5-important-points-to-note-before-selling-in-2023/

https://stackedhomes.com/editorial/my-experience-as-a-child-moving-from-a-landed-to-an-hdb-and-back-to-landed-why-i-preferred-hdb-living-anyway/

https://stackedhomes.com/editorial/we-make-26k-per-month-and-have-a-fully-paid-bto-should-we-upgrade-to-a-landed-freehold-or-99-year-condo-small-investment-property/

https://stackedhomes.com/editorial/5-most-affordable-5-room-hdb-flats-for-multi-gen-living-in-central-singapore/

https://stackedhomes.com/editorial/the-story-of-hdbs-struggles-with-the-dbss-why-it-was-doomed-to-fail/

https://stackedhomes.com/editorial/can-executive-condominiums-actually-be-unprofitable-3-interesting-points-to-note-from-the-data/

 

 

[Mercs]

 

 

 

 

[Mercs]

 

[Mercs]

https://www.theonlinecitizen.com/2022/12/21/5-room-yishun-bto-left-vacant-and-unrenovated-for-8-years-and-up-for-sale-desmond-lee-says-it-may-breach-hdb-rules/

5-room Yishun BTO left vacant and unrenovated for 8 years and up for sale, Desmond Lee says it may breach HDB rules

https://www.asiaone.com/singapore/allowed-blank-canvas-bukit-batok-bto-flat-put-sale

Is this allowed? 'Blank canvas' Bukit Batok BTO flat put up for sale

https://www.straitstimes.com/singapore/housing/empty-bto-flats-up-for-sale-on-property-portals-despite-rule-requiring-owners-to-live-in-unit-for-full-5-year-mop

Empty BTO flats up for sale on property portals, despite 5-year MOP rule for owners

https://www.asiaone.com/singapore/hdb-investigating-vacant-bto-flats-listed-sale-online-21-owners-had-flats-compulsorily

HDB investigating 'vacant' BTO flats listed for sale online; 21 owners had flats compulsorily acquired since 2017

 

https://www.businesstimes.com.sg/property/peoples-park-centre-loyang-valley-en-bloc-tenders-close-without-bids

People’s Park Centre, Loyang Valley en bloc tenders close without bids

https://www.businesstimes.com.sg/property/trendale-tower-back-market-reduced-s168m-reserve-price

Trendale Tower back on the market with reduced S$168m reserve price

https://www.businesstimes.com.sg/property/en-bloc-deadlock-continue-2023

En bloc deadlock to continue in 2023

 

https://www.businesstimes.com.sg/property/gcb-volumes-next-year-expected-be-similar-2022-levels-amid-price-gap

GCB volumes next year expected to be similar to 2022 levels amid price gap

(All eyes are on the trio of Nassim Road bungalows, which, if sold at an expected record price, could raise prices across the GCB market, say agents)

 

https://www.edgeprop.sg/property-news/tiong-sengs-jointly-developed-sloane-residences-achieves-top-sells-nearly-90-units

Tiong Seng's jointly-developed Sloane Residences achieves TOP, sells nearly 90% of units

https://www.edgeprop.sg/property-news/39-properties-auctioned-2022-total-sale-value-889-mil-edmund-tie

39 properties auctioned in 2022 with total sale value of $88.9 mil

 

https://www.99.co/singapore/insider/record-condo-sales-district-20-amk-bishan-thomson/

Examining recent record condo sales in District 20 (AMK, Bishan)

 

https://stackedhomes.com/editorial/the-untold-mystery-of-the-luxury-condo-that-was-never-built-in-singapore-the-ferrari-themed-ferra-in-orchard/

https://stackedhomes.com/editorial/12-reasons-to-be-happy-or-scared-about-the-singapore-property-market-in-2023/

https://stackedhomes.com/editorial/the-trivelis-dbss-vs-clementi-ridges-issue-10-years-on-did-trivelis-owners-really-lose-out/

[Mercs]

https://www.edgeprop.sg/property-news/projects-are-set-premiere-2023

Projects that are set to premiere in 2023

 

[Mercs]

https://www.edgeprop.sg/property-news/cooling-measures-dampen-hdb-home-buyers’-enthusiasm

Cooling measures dampen HDB home buyers’ enthusiasm

 

[13177]

On 12/21/2022 at 12:57 AM, Mercs said:

 

I always wonder why many people like to reno their house until so dark? Colours and materials in the house all dark colours. These people maybe they like to go disco and pub a lot, so they like dark dark places? Lol. I always find dark colour things and theme looks very depressing, dull and not lively. Lol.

Anyway, such reno needs to pay $65k? Why need so ex? And this guy paid another $25k for furniture etc, total cost is $90k siah! People nowadays really cash rich.