HiKe Property 嗨客。产业

08/02/2024

That's quite a big increase although still a challenge for real income increase when factoring in Inflation.

But does that hint or spell a raise in the income ceiling for BTO and EC criteria?

Then again, will it means a higher bidding price for developers on EC land sites and gradually increase in Developers' asking price?

Call me now if you wish to compare the trends of EC, which helped recent EC MOP owners gain up to half a million.

10/10/2023

When low price condo becomes high, wouldn't high price condo becomes higher?

When COE hit $100k ... not many people believe it go still go up higher... Today, it hits record above $150k.

If you have any friends who bought an EC in Sembawang back in 2017 or so, and recently sold them, ask them to buy you a treat.

Many of them would have earned a good fat profit of at least $500-600k profit at about $1300 psf.

If you think today's price is the peak, you have to ask yourself are you referring to a short term 3 yr ruler, or a longer 5-10 yrs ruler ...

Call me if you wish to know what peak is real peak and what deal is good deal.

15/06/2023

Ever since I joined the Real Estate industry, everyone has been asking me, "Has property reached its peak? Price should be coming down soon right?".

To be fair, I also previously asked this during my construction career. It is something we sentimentally want to see, property price to fall, because we hope to buy in something cheap to make a gain later.

We do not have any data of the fundamentals, just merely a feeling of prices that "What goes up will eventually comes down".

Unfortunately, this is not always true. We are talking about property prices, with fundamentals of demand vs supply curves, and not some Newton laws on facts of Gravity on Apples.

Imagine Singapore is the top 3rd place country to attract inflows of high-net-worth individuals, as stated in the article, after Australia and UAE. And looking at how small our land size and population is, isn't this much faster to cause a higher demand, be it sale or rental of properties, in a much slower pace of supply of housing?

As I had mentioned to many of my buyers, including foreign ones. It is not how expensive the house is, but rather how much value it will become in future. Just like when we buy Gold, Silver or Scrap Metals.

Give me a ping if you wish to know more.

See you soon. 🙏💪👍😊🤔

07/05/2023

You can slow them down, but you cannot stop them.
We are seeing foreign buyers to looking around.

To some of them, whatever money can be used to solve, is not consider a problem.

Another type of foreigner will start to have one family member becoming PR. Then they will start their buying spree of getting multiple properties under one family member, because the reverse psychology to them now is, now as a PR, the more I buy, the more I save, compared with 60% as foreigner.

Last group will be, since I am applying to be PR, I might as well apply to be Citizen. Then instead of Condo, they will start to target Landed or even GCBs. For them, if I am allow to buy, I want to buy the Best. Anyone remembered 3 GCBs sold to likely Indonesian turned Citizen worth more than $200mil?

As long as Singapore is seen as a Safe Heaven to them, the buying will not stop.

So my dear fellow Singaporeans, hurry, grab whatever you can afford now.

Foreigners buying residential property in Singapore will now pay 60 per cent additional buyer’s stamp duty, up from 30 per cent. While this is the steepest increase in the latest round of property cooling measures, our guests on this episode of the Heart of the Matter podcast say it won’t dampen...

21/04/2023

What does this news has to do with our Property Market and Prices?
Nothing... But yet Something.

5 years ago, COE for Cat A were as long as almost $25k. But today, it crossed the $100k mark, and still likely to grow further.

Wow. That is almost 4 times more in a short span of about 5 yrs... There is definitely no property that will appreciate so much in such short period.

The dilemma and irony is, it is totally the same COE today as it was 5 years ago. Same product, same function. The only difference is the price, due to the result of supply and demand forces.

This shows that as long as there are enough rich people who are willing to spend, price will not deter their decision to buy.

Therefore, a $1mil private condo may sell for $2mil later, as long as there is someone who can afford, and there is not enough supply to meet the demand.

It has nothing to do with how much the product cost or worth, but rather how much or desired the buyer wants to buy it at, if there is insufficient supply.

Do you think our land scare country can continue to increase her housing supply indefinitely?

Do you think our population will grow further and the desire to own private properties not get higher day after day?

Do you think our next generation is not drawing higher income, being more affluent, or having more wealth passed down for their parents to them, to afford higher price properties?

Then what do you think is the future of our properties?

There are fewer distinctions between Category A and B COEs now, with many premium carmakers outfitting cars with smaller engines, an analyst says.