Jump to content

Singapore Property Scene Discussion


therock
 Share

Recommended Posts

3 minutes ago, Mooose said:

yes, also depends how "greedy" some owners are ..

haha human nature lah.

top floor or just below penthouse owner sure buay gam wan that 2nd floor of same stack get same amount of $.

Either the $ is too good to refuse, or the place is chui until jialat liao, then u would accept mah.

Also if a few of the big units refuse, their Share value can easily exceed the 20% rejection.

 

Edited by Lala81
↡ Advertisement
  • Praise 3
Link to post
Share on other sites

I hope I live long enough to see the drama when some lease runs out because some chaps held out for money or didn't care and wanted to just live there until they are gone.. there will be some rather angsty scenes I reckon....

  • Praise 1
Link to post
Share on other sites

1 hour ago, Lala81 said:

haha human nature lah.

top floor or just below penthouse owner sure buay gam wan that 2nd floor of same stack get same amount of $.

Either the $ is too good to refuse, or the place is chui until jialat liao, then u would accept mah.

Also if a few of the big units refuse, their Share value can easily exceed the 20% rejection.

 

No replacement for displacement. Or rather no replacement for floor area! No matter how new how nice, a small apt is going to be small. 

Link to post
Share on other sites

1 hour ago, therock said:

I hope I live long enough to see the drama when some lease runs out because some chaps held out for money or didn't care and wanted to just live there until they are gone.. there will be some rather angsty scenes I reckon....

Lease runs out means govt takes it all back without compensation. Already lucky they don't ask you to reinstate to vacant land! Happened already to some landed HDB. What scenes do you expect? This is not China where the people can all block the entrance of developers/local govt to protest till the lease is extended. If not we would have already see scenes at LTA every month whenever COE runs out! 

Edited by Volvobrick
  • Praise 1
  • Haha! 1
Link to post
Share on other sites

7 minutes ago, Volvobrick said:

No replacement for displacement. Or rather no replacement for floor area! No matter how new how nice, a small apt is going to be small. 

yup. while i have a small family.
Other than privacy (private vs hdb), i value space the most even if it's not near amenities (but must be at least close to expressways or arterial roads).

This is even though i don't have hobbies requiring space.

  • Praise 1
Link to post
Share on other sites

25 minutes ago, Volvobrick said:

Lease runs out means govt takes it all back without compensation. Already lucky they don't ask you to reinstate to vacant land! Happened already to some landed HDB. What scenes do you expect? This is not China where the people can all block the entrance of developers/local govt to protest till the lease is extended. If not we would have already see scenes at LTA every month whenever COE runs out! 

The drama occurs before that.. when those who have been holding out panic.. 

And what actually happens remains to be seen as I don't think these condos will last 99 yrs...  and unlike landed homes, it's a lot of people, a very large concrete structure, so it will be something to behold when the clock runs down and the stuff finally hits the fan.. 

  • Praise 1
Link to post
Share on other sites

13 minutes ago, therock said:

The drama occurs before that.. when those who have been holding out panic.. 

And what actually happens remains to be seen as I don't think these condos will last 99 yrs...  and unlike landed homes, it's a lot of people, a very large concrete structure, so it will be something to behold when the clock runs down and the stuff finally hits the fan.. 

Some landed near rail mall will have their lease ending 2047 (about 25 years from now). Still asking for 750k, 800k.  That's 30k depreciation a year till zero not counting interests.  Still there must be people buying with their eyes open. We may live to see what happens in 2047. My guess the owners will guai guai pack up and leave! 

Condos will be the same. But I won't live long enough to see it. 

Edited by Volvobrick
  • Praise 1
Link to post
Share on other sites

agent is landlord ... lanlord is agent 

collect 48 months rental upfront ... one short ... huat ah!

kitchen can only use 1/2? 

nabei ... this kind of landlord masquerade agent sibei smelly poon pi pi

tenant also one kind la ... where got such a BIG frog hoping on the street ... 

Marina Bay leh ... $2K to rent a condo at town area? Bukit Batok also hard to find la ... 

if it is too good to be true ... you know is smelly liao

https://mothership.sg/2021/12/couple-property-agent-marina-bay/

Edited by Wt_know
  • Haha! 2
Link to post
Share on other sites

Greed on the part of the tenant..... And if that's the "agreement", should have worded it in the contract or at least in writing which is to a certain extend, some evidence of what was discussed. 

Link to post
Share on other sites

19 minutes ago, Hosaybo said:

Greed on the part of the tenant..... And if that's the "agreement", should have worded it in the contract or at least in writing which is to a certain extend, some evidence of what was discussed. 

willing to pay $48K upfront one shot …

already shows greed + stupid

a person who is willing to throw $50K one go should call the shot and make sure the agreement / contract is solid poon pi pi … 

Edited by Wt_know
  • Haha! 2
Link to post
Share on other sites

11 hours ago, Wt_know said:

uy the BIGGEST ... huat ah! :grin:

 

"that you can afford".  Agree. then live it in for 20, 30 years or more, no need to upgrade and incur transaction costs.

 

 

Link to post
Share on other sites

Supercharged

Shrinking private housing supply, swelling rental demand: Property trends to watch in 2022

Private and public housing markets saw a buoyant year in 2021, with prices reaching new peaks and annual sales hitting their highest in several years. But the abrupt roll-out of cooling measures in December has changed the industry’s previously sanguine outlook for 2022. The full impact of the property curbs will be revealed as the dust settles in the year ahead. 

The existing stock of unsold private homes has fallen to 17,140 units as at the end of Q3 2021 – the lowest such level in about four years. Fewer units from new launches are also expected in 2022, after land supply from the Government Land Sales (GLS) Programme was moderated over the past two years to keep pace with the uncertain economic outlook, said Christine Sun, OrangeTee & Tie’s senior vice president of research & analytics. About 5,400 units may be offered across some 40 launches in 2022, according to Mr Lee Sze Teck, Huttons Asia’s senior director of research. This is down from the more than 10,500 units launched in 2021. In particular, competition in the executive condominium (EC) segment may get tighter, said Mr Lee, noting that units from current EC launches will likely be fully sold out by February or March.  

The rental market has picked up momentum – with rates for private housing rising 7.1 per cent in the first three quarters of 2021 alone – and is likely to continue gaining pace. This growth comes on the back of the re-opening of Singapore’s borders, which has allowed more foreign expatriates, workers and students to return to the country, said Ms Sun.

Nicholas Mak, ERA Realty’s head of research & consultancy, expects the market to remain resilient because cooling measures "did not target the root cause” of the upswing in (HDB) demand and prices. 

“It is primarily the supply chain disruptions that caused delays and shortages, which led to delays in (Build-to-Order) completions, which led buyers in more urgent need of flats to buy from the resale market. The measures didn’t address that,” said Mr Mak. He added that demand may be further fueled by measures such as the tightening of the Total Debt Servicing Ratio (TDSR), which limits the amount homebuyers can borrow. This could push buyers towards purchasing HDB resale units, which are generally more affordable than resale condominium flats, he said.

One key housing announcement from 2021 was about the Prime Land Housing (PLH) model, which places tougher restrictions on buyers of flats in certain areas. Since the model was introduced, questions have been raised over what qualifies as “prime land”. HDB said there are plans to release about one such PLH site per year – and analysts say this will flesh out the nuances of the definition. Looking forward to the next release for 2022, ERA’s Mr Mak said: “When the Government offers more of such projects and clearly states this is PLH, hopefully they will say why with the rationale – then we might start forming a better understanding of what goes into criteria to make particular BTO project a PLH project or not.”

Huttons’ Mr Lee noted that a possible upcoming PLH site could be the plot where Keppel Club stands in the Greater Southern Waterfront. With its lease expired on Dec 31, 2021, the land will be returned to authorities, making it a possible BTO site soon, he said.

https://www.channelnewsasia.com/singapore/property-trends-2022-hdb-condo-supply-rental-demand-2408841

Link to post
Share on other sites

On 11/23/2021 at 9:51 PM, Hamburger said:

Thanks for the explanation there. 

Just find it hard to stomach that some landed property left with 50yrs, owners  torn it down and spend huge sums to to rebuild it, only  to stay there for another 50 yrs. 

The sum just don't add up. Maybe something is simply intangible to  them. 

lol do you know how long 50 years is? You look at those landed properties that are 20-30 years old now and you will think many of them are unlivable. I doubt the rebuild will last 50 years

Link to post
Share on other sites

47 minutes ago, Didu said:

Shrinking private housing supply, swelling rental demand: Property trends to watch in 2022

Private and public housing markets saw a buoyant year in 2021, with prices reaching new peaks and annual sales hitting their highest in several years. But the abrupt roll-out of cooling measures in December has changed the industry’s previously sanguine outlook for 2022. The full impact of the property curbs will be revealed as the dust settles in the year ahead. 

The existing stock of unsold private homes has fallen to 17,140 units as at the end of Q3 2021 – the lowest such level in about four years. Fewer units from new launches are also expected in 2022, after land supply from the Government Land Sales (GLS) Programme was moderated over the past two years to keep pace with the uncertain economic outlook, said Christine Sun, OrangeTee & Tie’s senior vice president of research & analytics. About 5,400 units may be offered across some 40 launches in 2022, according to Mr Lee Sze Teck, Huttons Asia’s senior director of research. This is down from the more than 10,500 units launched in 2021. In particular, competition in the executive condominium (EC) segment may get tighter, said Mr Lee, noting that units from current EC launches will likely be fully sold out by February or March.  

The rental market has picked up momentum – with rates for private housing rising 7.1 per cent in the first three quarters of 2021 alone – and is likely to continue gaining pace. This growth comes on the back of the re-opening of Singapore’s borders, which has allowed more foreign expatriates, workers and students to return to the country, said Ms Sun.

Nicholas Mak, ERA Realty’s head of research & consultancy, expects the market to remain resilient because cooling measures "did not target the root cause” of the upswing in (HDB) demand and prices. 

“It is primarily the supply chain disruptions that caused delays and shortages, which led to delays in (Build-to-Order) completions, which led buyers in more urgent need of flats to buy from the resale market. The measures didn’t address that,” said Mr Mak. He added that demand may be further fueled by measures such as the tightening of the Total Debt Servicing Ratio (TDSR), which limits the amount homebuyers can borrow. This could push buyers towards purchasing HDB resale units, which are generally more affordable than resale condominium flats, he said.

One key housing announcement from 2021 was about the Prime Land Housing (PLH) model, which places tougher restrictions on buyers of flats in certain areas. Since the model was introduced, questions have been raised over what qualifies as “prime land”. HDB said there are plans to release about one such PLH site per year – and analysts say this will flesh out the nuances of the definition. Looking forward to the next release for 2022, ERA’s Mr Mak said: “When the Government offers more of such projects and clearly states this is PLH, hopefully they will say why with the rationale – then we might start forming a better understanding of what goes into criteria to make particular BTO project a PLH project or not.”

Huttons’ Mr Lee noted that a possible upcoming PLH site could be the plot where Keppel Club stands in the Greater Southern Waterfront. With its lease expired on Dec 31, 2021, the land will be returned to authorities, making it a possible BTO site soon, he said.

https://www.channelnewsasia.com/singapore/property-trends-2022-hdb-condo-supply-rental-demand-2408841

”shrinking private housing supply”  as if it was ever short. 
“swelling rental”  😂🤣  go try and even breakeven without downpaying at least 50%.

this journalist can really do clickbait articles…..

huat ah , just huat ah.   Whatever it is, just huat ah!   
 

  • Praise 1
  • Haha! 1
Link to post
Share on other sites

1 hour ago, Didu said:

Shrinking private housing supply, swelling rental demand: Property trends to watch in 2022

Private and public housing markets saw a buoyant year in 2021, with prices reaching new peaks and annual sales hitting their highest in several years. But the abrupt roll-out of cooling measures in December has changed the industry’s previously sanguine outlook for 2022. The full impact of the property curbs will be revealed as the dust settles in the year ahead. 

The existing stock of unsold private homes has fallen to 17,140 units as at the end of Q3 2021 – the lowest such level in about four years. Fewer units from new launches are also expected in 2022, after land supply from the Government Land Sales (GLS) Programme was moderated over the past two years to keep pace with the uncertain economic outlook, said Christine Sun, OrangeTee & Tie’s senior vice president of research & analytics. About 5,400 units may be offered across some 40 launches in 2022, according to Mr Lee Sze Teck, Huttons Asia’s senior director of research. This is down from the more than 10,500 units launched in 2021. In particular, competition in the executive condominium (EC) segment may get tighter, said Mr Lee, noting that units from current EC launches will likely be fully sold out by February or March.  

The rental market has picked up momentum – with rates for private housing rising 7.1 per cent in the first three quarters of 2021 alone – and is likely to continue gaining pace. This growth comes on the back of the re-opening of Singapore’s borders, which has allowed more foreign expatriates, workers and students to return to the country, said Ms Sun.

Nicholas Mak, ERA Realty’s head of research & consultancy, expects the market to remain resilient because cooling measures "did not target the root cause” of the upswing in (HDB) demand and prices. 

“It is primarily the supply chain disruptions that caused delays and shortages, which led to delays in (Build-to-Order) completions, which led buyers in more urgent need of flats to buy from the resale market. The measures didn’t address that,” said Mr Mak. He added that demand may be further fueled by measures such as the tightening of the Total Debt Servicing Ratio (TDSR), which limits the amount homebuyers can borrow. This could push buyers towards purchasing HDB resale units, which are generally more affordable than resale condominium flats, he said.

One key housing announcement from 2021 was about the Prime Land Housing (PLH) model, which places tougher restrictions on buyers of flats in certain areas. Since the model was introduced, questions have been raised over what qualifies as “prime land”. HDB said there are plans to release about one such PLH site per year – and analysts say this will flesh out the nuances of the definition. Looking forward to the next release for 2022, ERA’s Mr Mak said: “When the Government offers more of such projects and clearly states this is PLH, hopefully they will say why with the rationale – then we might start forming a better understanding of what goes into criteria to make particular BTO project a PLH project or not.”

Huttons’ Mr Lee noted that a possible upcoming PLH site could be the plot where Keppel Club stands in the Greater Southern Waterfront. With its lease expired on Dec 31, 2021, the land will be returned to authorities, making it a possible BTO site soon, he said.

https://www.channelnewsasia.com/singapore/property-trends-2022-hdb-condo-supply-rental-demand-2408841

Vacancy rate from Q2 to Q3 2021 has been maintained at 6%.  It does not reconcile to the article mentioned le.

↡ Advertisement
  • Praise 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...