SG New Launch

04/11/2022

The tender closing comes after the September cooling measures, changes in the definitions of the gross floor area.

11/05/2022

Stirling Residences 2 br Premium SUBSALE Asking $1.48m

Serious Seller! Going to TOP soon in Q3 2022
UNIT DETAILS
- New 2br premium subsale
- 689 sqft
- Mid floor
- North facing
- Enclosed kitchen
- Practical and funcational layout
- 1 year defect liability period
Perfect for own stay or investment!

Cobroke Welcomed! Contact Isaac 87649720 for enquiry today!

Serious Seller! Going to TOP soon in Q3 2022 UNIT DETAILS - New 2br premium subsale - 689 sqft - Mid floor - North facing - Enclosed kitchen - Practical and funcational layout - 1 year defect liability period MINUTES WALK AWAY FROM AMENITIES AND TRANSPORT: Transport - Queenstown MRT (3 min walk) - E...

10/03/2022

The biggest Good Class Bungalow deal this year so far

10/03/2022

This marks a first in the estate, as well as the first time in four years for a flat in a non-mature estate to be sold at least a million dollars.

10/03/2022

With the EC site. achieving a new high of $662 psf ppr in terms of land rate, the new EC project at Bukit Batok West could be launched at prices in the range of $1,328 to $1,388 psf

10/03/2022

With GLS site at Dairy Farm Walk achieving a land rate of $980 psf ppr, the new 99-year leasehold condo expected to be launched at prices the range of $1,880 psf to $1,980 psf

18/12/2021

With the anticipated increase in land supply and the latest cooling measures, many mega en blocs will fail as developers seek to reduce risk. However, rightly priced mid-sized en bloc projects located in OCR & RCR may continue to be attractive with increasing demand from HDB upgraders

18/12/2021

contact us to better understand how the latest coling measure have affected you today!

The government has implemented the latest round of cooling measures targeted at the private residential and HDB resale markets, with effect from 16 December 2021.

The package of measures – comprising higher Additional Buyer’s Stamp Duty (ABSD) rates, tighter Total Debt Servicing Ratio (TDSR) threshold, and tighter LTV limits for HDB loans - affects all categories of buyers.

“We are not surprised that the government has rolled out fresh cooling measures as the market has been lively this year, with very robust sales and firmer prices. Generally, this set of measures will encourage home buyers to be more prudent with their purchases, amid concerns about impending interest rate hikes", said CEO Ismail Gafoor.

“The measures will certainly crimp the growth momentum in the property market in 2022. Given the hefty ABSD for foreigners, we expect the Core Central Region (CCR) to face more downward pressure, compared to the other sub-markets: Rest of Central Region (RCR) and Outside Central Region (OCR)", noted Head of Research & Content, Wong Siew Ying.

To find out how it will affect your property investment plans, speak to any PropNex salesperson today!

Read more: https://www.propnex.com/news-details/4701/latest-curbs-will-temper-growth-momentum-in-the-residential-market-in-2022-the-ccr-to-face-more-downward-pressure

MND Announcement: https://www.mnd.gov.sg/newsroom/press-releases/view/measures-to-cool-the-property-market

18/12/2021

27/10/2021

VERY GOOD NEWS FOR EXISTING HDB OWNERS NEAR CITY

The 10-year MOP and restrictions on selling and renting of prime location HDB will deter those who are looking for a "lottery" effect and will only cater to those who are genuinely looking to stay in the prime areas in the long term.

Will expect existing HDBs such as Pinnacle, those in Queenstown, and Redhill to benefit from this announcement as they are not subjected to the new restrictions and can still cater to resale buyers looking to stay near the city. Prices of these HDB located at the fringe of CBD might see a further price increase in the long term.

Resale buyers of these flats must have a monthly household income of not more than $14,000, among other criteria.. Read more at straitstimes.com.

20/10/2021

🛑(LATEST) PropNex, the exclusive marketing agent representing the owners of Lakepoint Condominium via their collective sale committee, is pleased to announce the launch of the collective sale of Lakepoint Condominium. The 99 years leasehold residential redevelopment site will be launched via public tender on 21st October 2021, with a reserve price of S$640 million.

✨The reserve price translates to an estimated land rate of S$959 per square foot per plot ratio (psf ppr) after factoring the development charges and lease top-up premium from JTC, which is priced in accordance to market land rates today.

According to Tracy Goh, Head of Investment and Collective Sales at PropNex, “This rare site should appeal greatly to developers who prefer to have more certainty to the potential buying interest and demand in the immediate vicinity. There is little or almost no fresh supply of residential development land in the area.”

🎉Read more from our official release here: https://www.propnex.com/news-details/4601/collective-sale-tender-launch-of-lakepoint-condominium

🔥**Also seen in the media today, 20 Oct 2021**

📍The Business Times:
https://www.businesstimes.com.sg/real-estate/propnex-to-launch-collective-sale-of-lakepoint-condominium-for-s640m

📍The Straits Times:
https://www.straitstimes.com/business/property/lakepoint-condo-in-jurong-up-for-collective-sale-with-640-million-reserve-price

📍EdgeProp:
https://www.edgeprop.sg/property-news/lakepoint-condominium-launches-collective-sale

16/10/2021

🎉(98% of released units SOLD at launch) Jervois Mansion is the FIRST EVER Core Central Region Luxury New Launch that sold 98% of its released units on launch day!

✨Congratulations to Team PropNex for achieving close to 50% of the total sales amongst all Joint Marketing Agencies for this development!

We would also like to extend our heartiest appreciation to all the buyers who secured their dream unit through our PropNex Salespersons! 💙

For buyers who are still interested in the remaining units, contact our league of professional PropNex salespersons to find out more!

🛑Watch a special Virtual Tour by CEO Mr Ismail Gafoor here as well: https://youtu.be/MRQX1wZnC0k