James Siaw ERA Sg

19/05/2022

New Private Home Sales (April 2021)

♦️Private New Homes (Excluding ECs)

Private developers sold 653 units, excluding executive condominiums (ECs), in April 2021.

Month-on month
654 units sold in March 2022

Year-on-year
Down ⬇️ 48%

♦️Private New Homes (Including ECs)

Including EC units, which are a public-private housing hybrid, developers moved *839 units* in February 2021.

Month-on month
Up ⬆️ 19.5%

Year-on-year
Down ⬇️ 37.5%

Read more:
https://www.channelnewsasia.com/singapore/new-private-home-sales-stabilised-april-ura-cooling-measures-2689456

19/03/2022

New Private Home Sales (February 2021) for your information.

♦️Private New Homes (Excluding ECs)

Private developers sold *527 units*, excluding executive condominiums (ECs), in February 2021.

Month-on month
Down ⬇️22.5%

Year-on-year
Down ⬇️ 18.3%

♦️Private New Homes (Including ECs)

Including EC units, which are a public-private housing hybrid, developers moved *559 units* in February 2021.

Month-on month
Up ⬇️ 22.9%

Year-on-year
Up ⬇️ 26.1%

Read more:
https://www.businesstimes.com.sg/real-estate/singapore-new-private-home-sales-fall-225-in-february?utm_medium=social-organic&utm_source=facebook

23/02/2022

Pacific Eagle swoops in on Tanglin Shopping Centre for $868mil

Tanglin Shopping Centre has found a buyer with an offer that matched its asking price of $868 million, at the close of the tender on Feb 22. The price translates to $2,769 psf per plot ratio (psf ppr), assuming full commercial usage.

The freehold site of 68,512 sq ft is zoned for commercial use with an allowable gross plot ratio of 4.2 under the 2019 Master Plan, with a height control of up to 20 storeys. Tanglin Shopping Centre has an existing verified gross floor area (GFA) and development baseline of 313,435 sq ft or plot ratio of 4.57.

Pacific Eagle Real Estate is the family office of Sukanto Tonato, the Indonesian tycoon who controls Royal Golden Eagle (RGE), a resource-based industrial group with a 50-year history and sprawling business empire, dealing in production of natural fibres, edible oils, green packaging to natural gas.

Read more:

The sale price of Tanglin Shopping Centre is 4.8% higher than its asking price of $828 million, and 10% higher than its reserve price

22/02/2022

Property market sentiment declines in 4Q2021, but remains positive: NUS Real Estate

In 4Q2021, the Composite Sentiment Index declined to 5.4 from 6.6 in the previous quarter. NUS+RE notes that despite the decline, sentiments on the current and future conditions remained positive.

Read more:

National University of Singapore Real Estate believes that Singapore's property market conditions will continue to improve, but at a slower pace.

15/02/2022

New Private Home Sales January 2021

♦️Private New Homes (Excluding ECs)

Private developers sold 639 units, excluding executive condominiums (ECs), in Dec 2021.

Month-on month
Down ⬇️1.7%

Year-on-year
Down ⬇️ 60.9%

♦️Private New Homes (Including ECs)

Including EC units, which are a public-private housing hybrid, developers moved 725 units in January 2021.

Month-on month
Up ⬆️0.8%

Year-on-year
Down ⬇️ 65.4%

07/02/2022

Kheng Leong bags Gilstead Road site for S$70m

Located between Newton and Novena MRT stations, the District 11 site is zoned for residential use under the 2019 Master Plan with a plot ratio of 1.4. A back-of-the-envelope calculation by BT indicates that the price works out to around $1,643 per sq ft per plot ratio (psf ppr) inclusive of development charges.

Read more:
https://www.businesstimes.com.sg/real-estate/kheng-leong-bags-gilstead-road-site-for-s70m

31/01/2022

Gong Xi Fa Cai!!! 🍊🍊

Wishing everyone a very Happy and Prosperous 🏮Lunar New Year🏮!!! May the year of the Tiger bring much Joy, good Health and Prosperity! 🍍🧧

🐯气冲天
如🐯添翼

25/01/2022

Launching Soon‼️

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🗓️ Target Preview April, 2022!

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🏨 3 Block of 23-Storey high Towers. 407 residential units with Retail/F&B and Child Care Centre

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PM me for more Info:
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James Siaw ERA

23/01/2022

📍 In December, 32 per cent of transactions were priced below $1.5 million, 32.5 per cent between $1.5 million and $2 million, and the remaining 35.5 per cent at above $2 million.

📍 Singaporeans made up the bulk of buyers, with 83 per cent of units sold, while permanent residents accounted for 12.6 per cent and foreigners 4.2 per cent.

📍 For the whole of last year, new private home sales totalled 13,118 units, the highest number since the 14,948 units sold in 2013.

📍 Knight Frank Singapore head of research Leonard Tay said the cooling measures have "clouded" the private residential market outlook for 2022 after a strong run from the end of the circuit breaker in 2020 right through 2021.

📍 He expects buyers to be more tentative with their purchases, thus affecting volumes and prices in the first quarter of this year, although demand may increase from the second quarter onwards.

📍 "A lack of inventory will continue to underpin demand, with 17,140 unsold units in the market as at the third quarter of 2021, down from about 24,300 at the end of 2020," he said.

Sales slumped to 650 units last month from 1,547 units in November, according to URA data. . Read more at straitstimes.com.

23/01/2022

New Private Home Sales (December 2021) for your information.

♦️Private New Homes (Excluding ECs)

Private developers sold 650 units, excluding executive condominiums (ECs), in Dec 2021.

Month-on month
Down ⬇️58%

Year-on-year
Down ⬇️ 46.6%

♦️Private New Homes (Including ECs)

Including EC units, which are a public-private housing hybrid, developers moved *719 units* in December 2021.

Month-on month
Up ⬇️55.3%

Year-on-year
Up ⬇️ 43.2%

23/01/2022

Largest land sale in 2021 – 22 freehold plots at Thiam Siew Avenue sold for S$815m

▪︎263,794 sq ft area

▪︎a joint venture between Hoi Hup Realty and Sunway Developments

▪︎The 22 plots of freehold residential development sites with a plot ratio of 2.8

▪︎Belonged to hotelier and prior chairman of Ban Leong & Co, Wee Thiam Siew, who passed away in 1972, before being entrusted to members of his family, under Thiam Siew Avenue Investments and Wee Thiam Siew & Co

▪︎Within 1km of Kong Hwa, Haig Girls’ and Tanjong Katong Primary Schools

▪︎Within walking distance to 2 MRT stations (EW8/CC9 Paya Lebar Interchange MRT station and CC8 Dakota MRT station)

▪︎At a sale price of S$815m, with an estimated development charge of S$284m, the land price works out to be about S$1,488 per plot ratio (ppr). If we include the 7% bonus balconies (development charge estimated at S$39.3m), the eventual land price would be about S$1,440 psf ppr

▪︎The plan is to develop 2 luxury high rise condominiums with more than 800 units

Read more:

Two freehold sites at Thiam Siew Avenue (District 15) sold for S$815m - making the 263,794 sq ft area the largest land sale on record in 2021 so far.