Properties info

[13177]

Now then i know those apartments there is managed by SLA.

[inlinesix]

On 6/25/2024 at 11:12 PM, 13177 said:

Now then i know those apartments there is managed by SLA.

About $3.5/sq ft.

[Ginyu]

On 5/14/2024 at 2:21 PM, Volvobrick said:

Like selling car some want to have second test drive, ask own mechanic come test drive.... I would just sell to the one with no funny demands. 

See some order food with so  many demands might as well go inside kitchen ownself cook la🤣

 

 

 

[lukeber]

[lukeber]

[lukeber]

[lukeber]

[lukeber]

https://vt.tiktok.com/ZSYXHXgfR/

Edited July 7, 2024 by lukeber

[lukeber]

[lukeber]

https://www.businesstimes.com.sg/property/number-million-dollar-hdb-flats-resold-hit-all-time-high-june-prices-1-8-srx-99-co

Number of million-dollar HDB flats resold hit all-time high in June; prices up 1.8%: SRX, 99.co

Resale volumes, however, are down 13.1 per cent

Vivienne Tay

Published Mon, Jul 8, 2024 · 12:22 PM

THE number of million-dollar Housing and Development Board (HDB) flats resold hit an all-time high in June, nearing 100 units, while resale prices clocked record gains.

Flash estimates from SRX and 99.co released on Monday (Jul 😎 showed that HDB resale prices jumped 1.8 per cent in June, extending gains for the ninth straight month.

Resale prices rose across all room types and in both mature and non-mature estates from the previous month.

Resale volumes, however, were down 13.1 per cent on the month to 2,184 flats resold, compared with the 2,513 flats that changed hands in May. Compared with the corresponding period a year ago, resale volumes were 17.5 per cent higher.

HDB flats sold for at least S$1 million accounted for 4.4 per cent of total resale volumes, rising 29.7 per cent on the month to 96 units in June, compared with 74 units transacted in May.

Kallang Whampoa recorded the most million-dollar transactions with 18 units changing hands, while 11 units each were sold in Geylang and Bukit Merah.

Healthy demand for four-room flats

Overall, by room type, four-room flats were the most popular during the month, raking in 44 per cent of total volumes. Meanwhile, demand for three-room and five-room resale flats were evenly matched, accounting for 24.8 per cent and 24.2 per cent of resale volumes, respectively. Around 6.9 per cent of resale transactions involved executive flats.

More than half (57.7 per cent) of resale flat transactions were from non-mature estates.

When it came to resale prices, four-room flats registered the highest month-on-month increase at 1.8 per cent, followed closely by three-room and five-room resale prices, which each added 1.6 per cent. Executive flat resale prices, meanwhile, were up 1.1 per cent.

Resale prices were up 2.6 per cent in mature estates and 1.3 per cent higher in non-mature estates compared with May, based on SRX and 99.co data.

Year on year, overall prices were up 7.3 per cent. Mature and non-mature estate resale prices were up 6.7 per cent and 7.3 per cent, respectively.

Four-room flats had the highest increase in resale prices, at 7.5 per cent, followed by five-room flats at 7.3 per cent, three-room flats at 6.5 per cent, and executive flats at 6.2 per cent.

The highest transacted price for a resale flat was S$1.6 million for a five-room unit at Boon Tiong Road. In non-mature estates, the most expensive flat resold was S$1.2 million for a five-room flat at Hougang Street 21.

[13177]

On 7/8/2024 at 2:34 PM, lukeber said:

https://www.businesstimes.com.sg/property/number-million-dollar-hdb-flats-resold-hit-all-time-high-june-prices-1-8-srx-99-co

Number of million-dollar HDB flats resold hit all-time high in June; prices up 1.8%: SRX, 99.co

Resale volumes, however, are down 13.1 per cent

Vivienne Tay

Published Mon, Jul 8, 2024 · 12:22 PM

THE number of million-dollar Housing and Development Board (HDB) flats resold hit an all-time high in June, nearing 100 units, while resale prices clocked record gains.

Flash estimates from SRX and 99.co released on Monday (Jul 😎 showed that HDB resale prices jumped 1.8 per cent in June, extending gains for the ninth straight month.

Resale prices rose across all room types and in both mature and non-mature estates from the previous month.

Resale volumes, however, were down 13.1 per cent on the month to 2,184 flats resold, compared with the 2,513 flats that changed hands in May. Compared with the corresponding period a year ago, resale volumes were 17.5 per cent higher.

HDB flats sold for at least S$1 million accounted for 4.4 per cent of total resale volumes, rising 29.7 per cent on the month to 96 units in June, compared with 74 units transacted in May.

Kallang Whampoa recorded the most million-dollar transactions with 18 units changing hands, while 11 units each were sold in Geylang and Bukit Merah.

Healthy demand for four-room flats

Overall, by room type, four-room flats were the most popular during the month, raking in 44 per cent of total volumes. Meanwhile, demand for three-room and five-room resale flats were evenly matched, accounting for 24.8 per cent and 24.2 per cent of resale volumes, respectively. Around 6.9 per cent of resale transactions involved executive flats.

More than half (57.7 per cent) of resale flat transactions were from non-mature estates.

When it came to resale prices, four-room flats registered the highest month-on-month increase at 1.8 per cent, followed closely by three-room and five-room resale prices, which each added 1.6 per cent. Executive flat resale prices, meanwhile, were up 1.1 per cent.

Resale prices were up 2.6 per cent in mature estates and 1.3 per cent higher in non-mature estates compared with May, based on SRX and 99.co data.

Year on year, overall prices were up 7.3 per cent. Mature and non-mature estate resale prices were up 6.7 per cent and 7.3 per cent, respectively.

Four-room flats had the highest increase in resale prices, at 7.5 per cent, followed by five-room flats at 7.3 per cent, three-room flats at 6.5 per cent, and executive flats at 6.2 per cent.

The highest transacted price for a resale flat was S$1.6 million for a five-room unit at Boon Tiong Road. In non-mature estates, the most expensive flat resold was S$1.2 million for a five-room flat at Hougang Street 21.

No one can believe HDB resale can reach to a point that can be sold millions dollar and it seems like it will continue to be like this.

[lukeber]

On 7/8/2024 at 2:43 PM, 13177 said:

No one can believe HDB resale can reach to a point that can be sold millions dollar and it seems like it will continue to be like this.

until the music stops

[lukeber]

Five-room flat at Skyoasis @ Dawson sets new HDB resale record of $1.73 mil

By Nicholas Lam

/ EdgeProp Singapore |

July 22, 2024 4:37 PM SGT

A premium five-room HDB flat at Skyoasis @ Dawson, on Margaret Drive, set a new HDB resale record on June 26. The 1,195 sq ft unit sold for $1.73 million, which translates to $1,444 psf.

According to a press release issued by ERA Realty on July 22, Faith Wong, senior marketing director, facilitated the record-breaking sale.

This record-breaking sale trumps the previous record price in the HDB resale market, which was set just last month when a 1,236 sq ft, five-room unit at City Vue @ Henderson changed hands for $1.588 million ($1,285 psf). In April, a five-room flat at Tiong Bahru View, at 9B Boon Tiong Road, that transacted for $1.588 million ($1,317 psf) in April.

According to Wong, the record-breaking unit at Skyoasis @ Dawson is a corner unit on the 45th floor, and the sellers were a local family. She adds that the unit had only been on the market for under a month before it was sold.

Despite its initial asking price of $1.838 million, the property saw competing bids by two sets of motivated buyers before finally closing at $1,725,888, says Wong.

She adds that the buyers are a local family with young children who appreciated the unit’s attributes such as space, modern amenities nearby and strategic location. “For a private property in this area of this size and age, you would typically expect to pay around $3 million,” says Wong.

Notably, the unit sold was only 3.5 years old, with over 96 years remaining on its 99-year lease. The property’s status as a replacement flat under the Selective En Bloc Redevelopment Scheme (SERS) allowed the owners to sell the unit after seven years from registration or five years from the date of the key collection – whichever is earlier.

Typically, new Build-to-Order (BTO) units require a mandatory occupancy period of five years from the key collection before owners are permitted by the HDB to sell their flats on the secondary market.

[lukeber]

M’sian developer to build S$10 billion ‘mega-townships’ in JB, 1 near S'pore, 1 near Legoland

The current rental price hike in Singapore makes it a "prime time" for Tropicana to launch these projects, its deputy CEO said.

Ilyda Chua | July 22, 2024, 06:05 PM

A Malaysian property developer plans to build two "mega-townships" worth over RM35 billion (S$10 billion) in neighbouring Johor Bahru, reported Malaysian media New Straits Times (NST).

The developer, Tropicana Corp Bhd, has over 1,000 acres of land in the JB district, deputy chief executive officer Khoo Thian Shyang said.

He noted that the current rental price hike in Singapore makes it a "prime time" for Tropicana to launch these projects.

Highest prices

The developer is targeting prices of above RM1,000 (S$286) per square foot, said Khoo.

He added that the planned development's prime location and modern features would appeal to Malaysians, Singaporeans, as well as Malaysians working in Singapore.

To that end, both townships will also be located with easy access to the Causeway and the Second Link Expressway.

The first township, Lido Waterfront Boulevard, will be situated on reclaimed land along the waterfront near Singapore and be valued at over RM25 billion (S$7 billion).

Its first residential development, The Watermark Residences, will be located at an eight-minute drive from the under-construction Bukit Chagar station of the JB-RTS Link.

Whereas the second township, Tropicana Uplands, will be located in Gelang Patah, near Legoland Malaysia.

That's about an hour's drive from Singapore, according to Google Maps.

Khoo said that after the JB-Singapore Rapid Transit System (RTS) Link is complete, Johor will be "busier than Kuala Lumpur".

Tropicana aims to tap the potential of this accelerated growth, he added.

"We are excited about the special economic zone, which will boost demand for properties across Johor, including houses, offices, malls, and hotels."

https://mothership.sg/2024/07/msian-developer-townships/

[Wt_know]

muahahaha ... who gonna live there?

unless sporean all "retire" in JB ...  

RM1000 x 1000 sqft = RM1,000,000 smelly smelly

1000 sqft after minus simi sai gigantic balcony ... actually not big size for liveable space

very obvious targeting sporean

 

Edited July 22, 2024 by Wt_know

[lukeber]

On 7/22/2024 at 9:14 PM, Wt_know said:

muahahaha ... who gonna live there?

unless sporean all "retire" in JB ...  

RM1000 x 1000 sqft = RM1,000,000 smelly smelly

1000 sqft after minus simi sai gigantic balcony ... actually not big size for liveable space

very obvious targeting sporean

 

Second empty forest city....

[lukeber]

[lukeber]

Most expensive 3-room flat: Rare HDB terrace unit in Whampoa sold for $1.33m

PUBLISHED ONJuly 25, 2024 10:31 AM

By Sophiyanah David

https://www.asiaone.com/money/most-expensive-3-room-flat-rare-hdb-terrace-unit-whampoa-sold-133m

Following the recent buzz around million-dollar HDB resales, we have another record-breaking sale to report. This time, an HDB terrace in Jalan Ma'mor has set a new benchmark, becoming Singapore's most expensive HDB terrace to date.

The current most expensive HDB terrace sits right opposite the former champ

This news might sound familiar if you've been following the trends in the Singapore housing market. In February, a 3-room HDB terrace at Jalan Ma'mor made headlines by selling for S$1.28 million, setting a new record as Singapore's most expensive HDB terrace.

Spanning 2,239 sq ft, it sold at S$572 per square foot (psf). Now, merely five months later, another HDB terrace sale in Jalan Ma'mor has broken this record by fetching S$1.33 million, topping the previous sale by S$50,000.

Surprisingly, the S$1.33 million HDB terrace is smaller than the previous record-holder

The new record-setting HDB terrace, closed by Sherry Tang, a 99.co agent, is a 52-year-old property at Block 59, Jalan Ma'mor. It is 1,949 sq ft and spread across two storeys.

With a selling price of S$1.33M, the psf comes to S$682.40, setting a new benchmark in the HDB terrace market. Despite being 290 sq ft smaller than the previous record holder, this property has a higher psf by S$110.40, representing a 16.2 per cent increase.

This transaction has made it the most expensive 3-room HDB unit, the priciest HDB terrace sold to date, and the oldest million-dollar home at the time of the transaction, with a lease of only 47 years remaining.

What's around Jalan Ma'Mor?

Previously, discussions about the S$1.28 million sale focused mainly on nearby schools, but there's much more around this property.

For public transportation, the area is serviced by several MRT stations: Boon Keng (NE19) at 1.04 km, Toa Payoh (NS19) at 1.25 km, and Novena (NS20) at 1.69 km. Additionally, multiple bus stops are conveniently located within walking distance, including Opp Blk 65 (0.11 km), Bet Blks 33/34 (0.17 km), and Opp Blk 195 (0.39 km), offering various bus services to cater to the residents' commuting needs.

Residents have access to several grocery stores and markets for daily conveniences. HAO Mart (24hrs, Whampoa) is just 0.28 km away, providing a wide range of products around the clock. NTUC Fairprice (Lor Limau) is 0.51 km away, and Whampoa Drive Blk 91/92 is 0.6 km away.

These are known for the Whampoa Drive Makan Place and Whampoa Market, offering fresh produce and local delicacies. NTUC FairPrice Finest at Zhongshan Mall is 1.07 km away for more premium shopping.

Other nearby amenities include Safra Toa Payoh (0.38 km), a recreational club offering various sports and leisure activities, and the Whampoa Park Connector (0.39 km), which provides a scenic route for jogging, cycling, and other outdoor activities.

Inside the S$1.33 million HDB terrace

The S$1.33 million HDB terrace at Jalan Ma'Mor offers modern living and classic charm. This northeast-facing property ensures a quiet and peaceful living environment tucked away from the hustle and bustle of traffic.

The property underwent a significant renovation six years ago, with designer decorations costing an estimated S$300,000. This renovation has enhanced the overall aesthetics and functionality of the house, showcasing high-quality craftsmanship and design.

The open-plan living, dining, and kitchen areas are perfect for entertaining guests and fostering family life.

The living area is spacious and features sliding doors that overlook the beautifully landscaped garden, providing a seamless indoor-outdoor living experience.

The kitchen is a chef's dream, equipped with high-end appliances, custom cabinetry, and premium countertops, making meal preparation a delight.

The bedrooms are generously sized, with the master suite being particularly luxurious. It includes an en-suite bathroom and ample closet space, offering a private retreat for homeowners.

"Despite officially having three bedrooms and three bathrooms, the property only has one functional room, which made the sale challenging as larger families usually prefer such terraces", said Tang.

The property was marketed towards singles and couples to attract potential buyers, leading to its closure within two months of being on the market.

Additional features of this HDB terrace include a corner lot for extra privacy and space, integrated smart home technology for modern living, high-end lighting, luxury brand toilet fittings, and a superb quality digital water heater.

Smaller, fewer bedrooms… higher price tag?

So, how can a smaller property with fewer bedrooms fetch a higher price than its predecessor? Several factors might be at play:

Landed property aspiration at a fraction of the cost: HDB terraces offer a unique opportunity to experience a sense of landed property ownership at a significantly lower price point. While this S$1.33 million unit might seem expensive, landed properties in Kallang as of 2024 average around S$2.75 million - a staggering S$1.42 million more, representing a 106.77 per cent increase. In simpler terms, that's more than double the price of this record-breaking HDB terrace.

Potential SERS windfall: As the property's lease approaches its end, there's also the possibility of future SERS (Selective En bloc Redevelopment Scheme). While SERS windfalls shouldn't be a primary buying factor as they're never guaranteed, they can be a factor some consider.

High-end renovations and unique features: Unlike the previous record holder, this unit features significant renovations and high-end finishes. Modern amenities like smart home technology, luxury appliances, and an open-plan layout that maximises space could be a major draw for some buyers.

Buyer motivations: Ultimately, the buyer's motivations play a significant role in this record-setting purchase. There could be various personal reasons behind their decision. For instance, they might prioritise features that cater to their current lifestyle needs, such as a modern layout or high-end finishes. A long-remaining lease might not be a major concern for them, suggesting they could be planning for a shorter-term stay. Alternatively, they may have their reasons for prioritising immediate enjoyment and convenience over future considerations.

Will the prices for these HDB terraces continue to rise?

According to Bala's Curve, the value of a leasehold property declines as the remaining lease duration decreases. As HDB terraces age and have fewer years left on their 99-year leases, their prices should generally trend downwards over time.

However, this decline is not linear.

The value depreciates slowly in the early years (60+ years remaining). In the middle years (30-60 years remaining), the depreciation rate increases and the value drops much faster in the later years (less than 30 years remaining).

So, shouldn't the price of an ageing HDB terrace decrease rather than set a record?

Despite the declining value trend, HDB terrace houses in desirable locations, like Whampoa and Queenstown, can maintain higher prices due to strong demand and their scarcity. There are only about 284 such units in existence.

Also, while the value of HDB terrace houses generally declines with the remaining lease duration, the rate of decline may be slower compared to high-rise HDB flats, as landed properties are seen as more valuable.

https://www.asiaone.com/money/most-expensive-3-room-flat-rare-hdb-terrace-unit-whampoa-sold-133m