Singapore Property Scene Discussion

[Mkl22]

On 10/20/2023 at 10:39 AM, Throttle2 said:

Question

if i retire and have no employment income, can i qualify to buy brand new HDB?????

 

Die die still want to get your citizen entitlement Ah? 🤣

[Throttle2]

On 10/20/2023 at 12:00 PM, Fcw75 said:

Friend, you staying landed leh.

I can rent out or sell that mah

[Throttle2]

On 10/20/2023 at 9:12 PM, Mkl22 said:

Die die still want to get your citizen entitlement Ah? 🤣

My birthright leh.  Which they took away…. Sibei unfair

[Volvobrick]

On 10/23/2023 at 3:58 PM, Throttle2 said:

My birthright leh.  Which they took away…. Sibei unfair

Remind your kids not to forgo their birthrights. Don't accept any private properties from daddy, must apply BTO, can even leave it empty for 5 years and sell!  Must be fair to them.

 

[Volvobrick]

Duplicate.

Edited October 23, 2023 by Volvobrick

[therock]

If we fret about our MSCT charges, always take a step back and see how bad the rest are:

https://www.straitstimes.com/business/property/new-york-city-home-owner-costs-are-rising-at-three-times-the-inflation-rate

Quote

No one ever said living in New York City is cheap. But surging expenses in recent years are threatening to squeeze home owners even more.

Fees paid to cooperatives and condominium boards have soared almost three times faster than the rate of inflation. Ever-tougher rules on inspections, escalating insurance premiums and preparations for a strict new climate law are adding hundreds or even thousands of dollars to monthly bills for residents already paying some of the world’s highest housing costs.

 

Edited October 23, 2023 by therock

[13177]

On 10/23/2023 at 5:26 PM, Volvobrick said:

Remind your kids not to forgo their birthrights. Don't accept any private properties from daddy, must apply BTO, can even leave it empty for 5 years and sell!  Must be fair to them.

 

Ya, must apply BTO or buy HDB for their first flat they owned to enjoy the birthrights and profit gao gao after selling. Then go back to private.

[inlinesix]

On 10/23/2023 at 8:38 PM, 13177 said:

Ya, must apply BTO or buy HDB for their first flat they owned to enjoy the birthrights and profit gao gao after selling. Then go back to private.

Provided salary within cap

[Throttle2]

On 10/23/2023 at 5:26 PM, Volvobrick said:

Remind your kids not to forgo their birthrights. Don't accept any private properties from daddy, must apply BTO, can even leave it empty for 5 years and sell!  Must be fair to them.

 

Anyone who is Singaporean should be able to apply for, buy and live in a HDB as long as they can afford it.  Whether they choose to is another thing.

 But for any Singaporean to be denied that, is fundamentally wrong.

whats to stop them from applying an income ceiling on eg. Medical needs ?

And for that, i know where i will apply my ink. 

on another hand, what i can afford and choose to give my children is entirely my exclusive concern and has nothing to do with the rest of Singapore or the world

 

[Windwaver]

https://mothership.sg/2023/10/bukit-merah-5-room-most-expensive/

Bukit Merah flat sold for S$1.45 million, most expensive 5-room flat in area

Well-connected estate with great views.

A five-year old flat in Bukit Merah has recently become the area's most expensive 5-room flat after changing hands for a record-breaking S$1.45 million.

Sold in October, the unit occupies 113 square metres and has 94 years and nine months left on its lease, according to HDB resale statistics.

This works out to a price of S$1,193 per sq ft.

The flat, which has three bedrooms, is located on the 19th floor of Block 96A Henderson Road, according to PropertyGuru.

The building has 48 floors in total.

Previously, the most expensive 5-room unit sold was at neighbouring block 95C, which went for S$1.43 million earlier in September.

Buyer's family 'liked the unit number'

The ERA broker who sold the flat told Lianhe Zaobao that the buyer is a permanent resident with a young family.

The broker added that the buyer was aware that the unit's resale price was higher than similar units nearby, but explained that the buyer's family really liked the unit number.

The flat, which is reportedly a corner unit, was said to be in move-in condition and did not require renovation.

The broker also revealed to Lianhe Zaobao that the sellers' initial asking price was S$1.68 million, but there were no takers.

After they lowered this to S$1.48 million, they reportedly received about 10 enquiries, with six groups coming forward for flat viewings.

The unit was subsequently sold within two weeks.

Since September 2021, the same block has seen seven million-dollar transactions, based on 99.co statistics.

Great location, amazing views

The estate — dubbed CityVue@Henderson — boasts an enviable location, being situated within the mature Bukit Merah estate and a mere seven-minute walk from Redhill MRT Station.

It's also located opposite a market, with numerous food options nearby, according to StackedHomes.

Residents there also enjoy views of the city skyline and direct access to two park connectors.

The Bukit Merah area is generally a well-sought-after location for flat buyers.

The town accounted for the highest number of S$1 million flats — nine — among all locations in Singapore in Aug. 2023 alone, even more than that of the central area.

It is also home to Singapore's current most expensive HDB flat, a jumbo four-room unit at 50 Moh Guan Terrace, which was sold in June for S$1.5 million.

A property expert from PropNex interviewed by Lianhe Zaobao suggested that the area's high resale prices may have been influenced by HDB's upcoming housing classification (Standard, Plus, Prime), which will be implemented from the second half of 2024.

Future units launched in the area are likely to fall under the Plus or Prime category, which will come with a 10-year Minimum Occupancy Period (MOP).

As such, buyers who do not want to be restricted by the longer MOP may opt to pay more for existing units in the resale market, the expert clarified.

[Windwaver]

https://mothership.sg/2023/10/bukit-merah-5-room-most-expensive/

Bukit Merah flat sold for S$1.45 million, most expensive 5-room flat in area

Well-connected estate with great views.

A five-year old flat in Bukit Merah has recently become the area's most expensive 5-room flat after changing hands for a record-breaking S$1.45 million.

Sold in October, the unit occupies 113 square metres and has 94 years and nine months left on its lease, according to HDB resale statistics.

This works out to a price of S$1,193 per sq ft.

The flat, which has three bedrooms, is located on the 19th floor of Block 96A Henderson Road, according to PropertyGuru.

The building has 48 floors in total.

Previously, the most expensive 5-room unit sold was at neighbouring block 95C, which went for S$1.43 million earlier in September.

Buyer's family 'liked the unit number'

The ERA broker who sold the flat told Lianhe Zaobao that the buyer is a permanent resident with a young family.

The broker added that the buyer was aware that the unit's resale price was higher than similar units nearby, but explained that the buyer's family really liked the unit number.

The flat, which is reportedly a corner unit, was said to be in move-in condition and did not require renovation.

The broker also revealed to Lianhe Zaobao that the sellers' initial asking price was S$1.68 million, but there were no takers.

After they lowered this to S$1.48 million, they reportedly received about 10 enquiries, with six groups coming forward for flat viewings.

The unit was subsequently sold within two weeks.

Since September 2021, the same block has seen seven million-dollar transactions, based on 99.co statistics.

Great location, amazing views

The estate — dubbed CityVue@Henderson — boasts an enviable location, being situated within the mature Bukit Merah estate and a mere seven-minute walk from Redhill MRT Station.

It's also located opposite a market, with numerous food options nearby, according to StackedHomes.

Residents there also enjoy views of the city skyline and direct access to two park connectors.

The Bukit Merah area is generally a well-sought-after location for flat buyers.

The town accounted for the highest number of S$1 million flats — nine — among all locations in Singapore in Aug. 2023 alone, even more than that of the central area.

It is also home to Singapore's current most expensive HDB flat, a jumbo four-room unit at 50 Moh Guan Terrace, which was sold in June for S$1.5 million.

A property expert from PropNex interviewed by Lianhe Zaobao suggested that the area's high resale prices may have been influenced by HDB's upcoming housing classification (Standard, Plus, Prime), which will be implemented from the second half of 2024.

Future units launched in the area are likely to fall under the Plus or Prime category, which will come with a 10-year Minimum Occupancy Period (MOP).

As such, buyers who do not want to be restricted by the longer MOP may opt to pay more for existing units in the resale market, the expert clarified.

[13177]

On 10/23/2023 at 10:00 PM, Windwaver said:

https://mothership.sg/2023/10/bukit-merah-5-room-most-expensive/

Bukit Merah flat sold for S$1.45 million, most expensive 5-room flat in area

Well-connected estate with great views.

A five-year old flat in Bukit Merah has recently become the area's most expensive 5-room flat after changing hands for a record-breaking S$1.45 million.

Sold in October, the unit occupies 113 square metres and has 94 years and nine months left on its lease, according to HDB resale statistics.

This works out to a price of S$1,193 per sq ft.

The flat, which has three bedrooms, is located on the 19th floor of Block 96A Henderson Road, according to PropertyGuru.

The building has 48 floors in total.

Previously, the most expensive 5-room unit sold was at neighbouring block 95C, which went for S$1.43 million earlier in September.

Buyer's family 'liked the unit number'

The ERA broker who sold the flat told Lianhe Zaobao that the buyer is a permanent resident with a young family.

The broker added that the buyer was aware that the unit's resale price was higher than similar units nearby, but explained that the buyer's family really liked the unit number.

The flat, which is reportedly a corner unit, was said to be in move-in condition and did not require renovation.

The broker also revealed to Lianhe Zaobao that the sellers' initial asking price was S$1.68 million, but there were no takers.

After they lowered this to S$1.48 million, they reportedly received about 10 enquiries, with six groups coming forward for flat viewings.

The unit was subsequently sold within two weeks.

Since September 2021, the same block has seen seven million-dollar transactions, based on 99.co statistics.

Great location, amazing views

The estate — dubbed CityVue@Henderson — boasts an enviable location, being situated within the mature Bukit Merah estate and a mere seven-minute walk from Redhill MRT Station.

It's also located opposite a market, with numerous food options nearby, according to StackedHomes.

Residents there also enjoy views of the city skyline and direct access to two park connectors.

The Bukit Merah area is generally a well-sought-after location for flat buyers.

The town accounted for the highest number of S$1 million flats — nine — among all locations in Singapore in Aug. 2023 alone, even more than that of the central area.

It is also home to Singapore's current most expensive HDB flat, a jumbo four-room unit at 50 Moh Guan Terrace, which was sold in June for S$1.5 million.

A property expert from PropNex interviewed by Lianhe Zaobao suggested that the area's high resale prices may have been influenced by HDB's upcoming housing classification (Standard, Plus, Prime), which will be implemented from the second half of 2024.

Future units launched in the area are likely to fall under the Plus or Prime category, which will come with a 10-year Minimum Occupancy Period (MOP).

As such, buyers who do not want to be restricted by the longer MOP may opt to pay more for existing units in the resale market, the expert clarified.

19th floor only, also can sold at $1.45m! 😅 So if top floor, must sell at $2m or more?

I am curious to know how much COV for all these millions dollar HDB that the buyer needs to pay? So many people have so much hard cash on hand that can throw into paying the COV?

[Stary]

On 10/23/2023 at 10:11 PM, 13177 said:

19th floor only, also can sold at $1.45m! 😅 So if top floor, must sell at $2m or more?

I am curious to know how much COV for all these millions dollar HDB that the buyer needs to pay? So many people have so much hard cash on hand that can throw into paying the COV?

I suspect not that much COV because the article said the neighbouring  block had a 5-rm sold for $1.43m previously.  So this one at $1.45m should be about the market ballpark value for 5-rm there.  I guess the high value came from the 94+ years lease left.  So it is quite a new flat.

 

Edited October 23, 2023 by Starry

[13177]

On 10/23/2023 at 10:43 PM, Starry said:

I suspect not that much COV because the article said the neighbouring  block had a 5-rm sold for $1.43m previously.  So this one at $1.45m should be about the market ballpark value for 5-rm there.  I guess the high value came from the 94+ years lease left.  So it is quite a new flat.

 

Neighbouring  block had a 5-rm sold for $1.43m but maybe this is just one or two crazily high transaction. But maybe the average selling price there is much lesser than millions, and the valuation might be based on the average selling price. Cause no matter at which location, sure to have one or two units might sell at a very high price as compared with the rest.

[Throttle2]

 Good luck

 

[Throttle2]

Damn, keep getting bombarded by flyers, emails and even some whatapp on new projects with discounts. Freehold $1950psf etc… $125k discount, $150k discount etc etc….  1% comm to sell etc etc…VIP preview blah blah

market so bad ah? All cutting prices??  
 

dont look for me, i wont buy within next 5 yrs confirm

[Dp26]

On 10/23/2023 at 10:43 PM, Starry said:

I suspect not that much COV because the article said the neighbouring  block had a 5-rm sold for $1.43m previously.  So this one at $1.45m should be about the market ballpark value for 5-rm there.  I guess the high value came from the 94+ years lease left.  So it is quite a new flat.

 

Maybe all purchased with high COV? 
 

monkey see monkey do

[Spidey10]

On 10/24/2023 at 9:48 AM, 13177 said:

Neighbouring  block had a 5-rm sold for $1.43m but maybe this is just one or two crazily high transaction. But maybe the average selling price there is much lesser than millions, and the valuation might be based on the average selling price. Cause no matter at which location, sure to have one or two units might sell at a very high price as compared with the rest.

huattt ahhhh....all HDB owners gonna be millionaire soon.....very soon....