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Singapore Private Property prices still up or down? Part III

pChou

By pChou,
in Property Buzz

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therock

therock

Supersonic

Big influx of HDB flats:

https://www.straitstimes.com/singapore/housing/hdb-launches-over-6700-flats-including-units-in-tengah-kallang-whampoa

 

Will be interesting to see how the price of flats pan out.. 

The top end, near MRT, and CCR flats will still  sell well and I won't be surprised to see more million dollar sales, but the average flat will be nicely within the reach of the average Joe..

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car50

car50

Twincharged

wow Jurong gateway

units snapped up within a day at launch 

some units >1700pfs, many think its madness then

looks like Time has spoken

 

Cairnhill 9 one of the two CCR darlings in the list

Heart of orchard

 

 

post-18880-0-94422700-1558517282_thumb.j

 

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Spring

Spring

Moderator

 

Some of the balance left over 4rm flats from Jalan Satu (Geylang) are going at $30k+ more vs original launch price. 

I know cos I happen to have the original launch prices and compared vs the latest prices. I suppose it was 2 years ago hence inflation and time value jacked the prices up but its still about a 6% increase which is steep by anyone's standards, let alone HDB BTO!

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Mercs

Mercs

Hypersonic

waaa still so many Foreign Richie Rich come stay here :D

 

4% just to cover inflation ?

Foreign Richie Rich always like to come here ... 'safe haven' or 'washing machine' [:p]

 

Key takeaway is why rents in these projects are rising? [;)]

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Mercs

Mercs

Hypersonic

wow Jurong gateway

units snapped up within a day at launch

some units >1700pfs, many think its madness then

looks like Time has spoken

 

Cairnhill 9 one of the two CCR darlings in the list

Heart of orchard

 

Agreed, time has spoken [;)]

 

What seems expensive today ... may be the cheap of tomorrow? [:p]

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Mercs

Mercs

Hypersonic

Some of the balance left over 4rm flats from Jalan Satu (Geylang) are going at $30k+ more vs original launch price.

I know cos I happen to have the original launch prices and compared vs the latest prices. I suppose it was 2 years ago hence inflation and time value jacked the prices up but its still about a 6% increase which is steep by anyone's standards, let alone HDB BTO!

HDB BTO pegged to market rate, so no surprises here. Even with the 6% increase still much cheaper than resale within same vicinity and you get brand new! [:p]

 

As mentioned ... 'SG property, always good to be in as early as possible' [;)]

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Spring

Spring

Moderator

HDB BTO pegged to market rate, so no surprises here. Even with the 6% increase still much cheaper than resale within same vicinity and you get brand new! [:p]

 

As mentioned ... 'SG property, always good to be in as early as possible' [;)]

That’s true! Heard from another MCF bro that the Telok Blangah 4rm flats going for $250k+ more than original price but this partly cos keys ready n there’s been a lapse of 3-4yrs at least but even then it’s astonishing n goes to confirm that young couples shld always apply BTO for first flat esp if their incomes are within the limit. Can always buy condo later if that is the aspiration even though condo may also have gone up but % wise BTO upside shld be greater?

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Mercs

Mercs

Hypersonic

That’s true! Heard from another MCF bro that the Telok Blangah 4rm flats going for $250k+ more than original price but this partly cos keys ready n there’s been a lapse of 3-4yrs at least but even then it’s astonishing n goes to confirm that young couples shld always apply BTO for first flat esp if their incomes are within the limit. Can always buy condo later if that is the aspiration even though condo may also have gone up but % wise BTO upside shld be greater?

Agreed, history shown should always get BTO first and then use the profits to upgrade PTE later or buy another as investment. More so now with current 12% ABSD, can wait it out see if any changes few years later after MOP.

 

My school of thought here is that HDB should always be treated as for own stay, with PTE as investment. So no right no wrong, either BTO first then PTE or alternatively, can go for EC and then PTE all the way. [:p]

 

https://www.imoney.sg/articles/hdb-home-prices-then-and-now/

HDB Home Prices Then And Now

 

https://sg.finance.yahoo.com/news/much-condo-prices-changed-last-101800563.html

How much have condo prices changed in the last 10 years?

post-18880-0-23667900-1558607950_thumb.jpg

post-18880-0-96961500-1558608002.png

post-18880-0-78644000-1558608018.png

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therock

therock

Supersonic

That’s true! Heard from another MCF bro that the Telok Blangah 4rm flats going for $250k+ more than original price but this partly cos keys ready n there’s been a lapse of 3-4yrs at least but even then it’s astonishing n goes to confirm that young couples shld always apply BTO for first flat esp if their incomes are within the limit. Can always buy condo later if that is the aspiration even though condo may also have gone up but % wise BTO upside shld be greater?

+1

Do start right on the journey.

Don't overspend. Instead tap on whatever the government gives..

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Icedbs

Icedbs

Turbocharged
(edited)

My school of thought here is that HDB should always be treated as for own stay, with PTE as investment. So no right no wrong, either BTO first then PTE or alternatively, can go for EC and then PTE all the way. [:p]

 

 

 

Please go for ECs if one chooses the HDB path. 

 

Just look at the chart below for All HDBs (aged 5-10) vs All ECs (aged 5-10). They are all  based on TOP between 2009-2014

 

The BTOs appreciation are not faring that well after their MOP since 2013

 

This data is an average for all unit types and all districts

 

post-69683-0-18581900-1558617342_thumb.jpg

Edited by Icedbs
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Kusje

Kusje

Supersonic

Please go for ECs if one chooses the HDB path. 

 

Just look at the chart below for All HDBs (aged 5-10) vs All ECs (aged 5-10). They are all  based on TOP between 2009-2014

 

The BTOs appreciation are not faring that well after their MOP since 2013

 

This data is an average for all unit types and all districts

 

attachicon.gifhdbvsEC.jpg

 

past performance is not an indicator of future outcomes.

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Icedbs

Icedbs

Turbocharged

past performance is not an indicator of future outcomes.

 

True, but they are the best data you can work with to estimate future performance unless one has a crystal ball.

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