Condominium Near MRT

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But some analysts believe that it is premature for more cooling measures to be implemented at this point.
06/03/2021

But some analysts believe that it is premature for more cooling measures to be implemented at this point.

The govt is paying "close attention" to the local real estate market "to ensure that it remains stable", said DPM Heng on Monday.. Read more at straitstimes.com.

“The GLS supply is very competitive and there are many eyeing it. For smaller developers, it’s a bit harder to compete, ...
06/03/2021

“The GLS supply is very competitive and there are many eyeing it. For smaller developers, it’s a bit harder to compete, so they may go for en bloc sites as an alternative source,” added Prof Sing.

SINGAPORE: The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential ...

https://www.srx.com.sg/cooling-measures
06/03/2021

https://www.srx.com.sg/cooling-measures

A summary of the Singapore property market cooling measures, with charts showing the effects on the price index. Consolidated MAS regulations and Cooling Measures covering limitations on TDSR, MSR, LTV and Cash Downpayments.

Home prices gained pace last year, even as the economy slipped into recession.
05/03/2021

Home prices gained pace last year, even as the economy slipped into recession.

TALK is rife that policy tweaks could be on the horizon to cool Singapore's buoyant residential segment, as the government keeps an eye on the real estate market. Read more at The Business Times.

Previously, when developers were only subject to the less punitive Qualifying Certificate (QC) rules, which gave them up...
05/03/2021

Previously, when developers were only subject to the less punitive Qualifying Certificate (QC) rules, which gave them up to seven years to sell out their projects, developers continued to buy land.

Since the ABSD was implemented, Huttons observes that although uncompleted and unsold stock dwindled in the next four years, developers did not enter the en bloc market to buy more land. Several projects will meet their five-year ABSD timeline in 2021.

RESIDENTIAL: Emboldened by 2020’s sales performance, developers are likely to capitalise on this sales momentum to clear...
05/03/2021

RESIDENTIAL: Emboldened by 2020’s sales performance, developers are likely to capitalise on this sales momentum to clear their remaining project inventory in 2021. Buying sentiment is expected to remain strong and help support demand for upcoming new launches though underlying risks still remain.

ECONOMY: With the pandemic contained locally and access to vaccination secured, brighter prospects are expected. However, this is likely to be a slow and uneven recovery. Meanwhile, prolonged low interest rates are poised to create a favourable real estate investment environment. OFFICE: 2021 is env

The tiny island is ever-cautious about not letting the price of land — a precious commodity — move too far away from eco...
05/03/2021

The tiny island is ever-cautious about not letting the price of land — a precious commodity — move too far away from economic fundamentals. It may be extra vigilant this time around.

The pieces are in place for a residential property surge, but the city-state likes to pop speculative bubbles before they get too big.

The first properties to go on the market during a recession tend to be investment properties. This glut in supply means ...
04/03/2021

The first properties to go on the market during a recession tend to be investment properties. This glut in supply means that buyers have a buffet of options, so the more value-for-money properties will go first. Unable to liquidate their property quickly, those sellers facing financial difficulties will resort to lowering their selling price further to attract more buyers.

Despite the effects of the COVID-19 pandemic, on top of entering Singapore's worst recession since independence, property prices aren't falling... yet. Our CEO, David Baey shares his insights about what this means for the property market in the near future.

2021 could prove to be the year that much of the “stock clearance” of projects launched in previous years could take pla...
04/03/2021

2021 could prove to be the year that much of the “stock clearance” of projects launched in previous years could take place.

The number of units in new projects in the pipeline for launch this year may be lower than last year's. This could boost sales of ongoing project launches

To sum the charts above:Homes that have been built but are unsold – There’s a fairly big stock of unsold new homes. Abou...
03/03/2021

To sum the charts above:

Homes that have been built but are unsold – There’s a fairly big stock of unsold new homes. About 30,000 as at Q2 2020.
Homes that are still in construction – There are also a large number of new houses launching over the next 3 years. New launches are probably going to be delayed due to the foreign worker situation, so there’s some respite there.
Private Resale – This can be split into 2 groups: (1) owners who voluntarily sell their house for personal reasons, and (2) owners who are forced to sell due to cash flow issues / foreclosure by bank.

Happy National Day everyone! It’s National day, so I figured what better way to celebrate than to talk about something all Singaporeans love: Property. COVID19 has been a gamechanger for the entire world. Entire industries, investments and asset classes have been turned upside down. Will the same ...

Alongside HDB BTO flats, Canberra is also a fast-growing condo town.
03/03/2021

Alongside HDB BTO flats, Canberra is also a fast-growing condo town.

With the opening of Canberra MRT station on 2 November 2019, property watchers are predicting that a slew of upcoming amenities could create uplift for property values in the town.

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