Home & Seek

04/06/2021

Some market updates:

Singapore non-landed homes prices rose 6.1% over 1 year ago.
That means if we are looking at a $1.5mil 3-bedder condo, that’s easily an increment of $91k in a short span of one year!

How many of us are able to save that kind of money in a single year?

Would it be a better choice to wait for a “bubble burst” or is there even an oversized “market bubble” in the first place, based on our economic fundamentals?

Drop us a pm if you need some facts on our economic data!

https://www.edgeprop.sg/property-news/singapore-house-prices-rise-61-y-o-y-1q2021-knight-frank

Non-landed home prices in Singapore have risen 6.1% y-o-y in 1Q2021, taking 27th place out of 56 countries worldwide, according to Knight Frank’s global house price index for the first quarter

27/05/2021

Tastefully Renovated! Classy 5-Rm Unit For Sale!

https://www.propertyguru.com.sg/listing/hdb-for-sale-661b-edgedale-plains-23477649

Live Virtual Tour available on request!

5-rm Premium Apartment For Sale!

Serious and very motivated seller!
Negotiable on terms!

- Special Early MOP Approval unit freshly up in the market!
- Open to ALL Ethnic buyers for the month of MAY!
- Bright Special Corner Unit by Itself!
- Very Breezy throughout the year
- Main door facing N
Main unit facing South, able to view Swimming Pool of EC!
- Lush greenery view for Living and Bedrooms!

- Extensive Renovation worth of $70k done for entire house!
- Owner cleverly-designed living room unit specially to fit in an additional Family area!
- Kitchen impressively fitted with modular spaces!
- Attractive cove lightings designs throughout the living and bedrooms!

- Peaceful and quiet green surroundings!
- Activity playgrounds and Park Connector just DOWNSTAIRS!
- Prestigious Primary School (Waterway Primary) just within 5mins walk!
- 3 mins walk to Sheng Siong supermarket & foodcourt for daily necessities!
- 5 mins to LRT station!
- 7 mins to Oasis Terrace Shopping Mall for more shopping and dining options and many other amenities!

27/05/2021

Tastefully Renovated! Classy 5-Rm Unit For Sale!

https://www.propertyguru.com.sg/.../hdb-for-sale-661b...

Live Virtual Tour available on request!

5-rm Premium Apartment For Sale!

Serious and very motivated seller!
Negotiable on terms!

- Special Early MOP Approval unit freshly up in the market!
- Open to ALL Ethnic buyers for the month of MAY!
- Bright Special Corner Unit by Itself!
- Very Breezy throughout the year
- Main door facing N
Main unit facing South, able to view Swimming Pool of EC!
- Lush greenery view for Living and Bedrooms!

- Extensive Renovation worth of $70k done for entire house!
- Owner cleverly-designed living room unit specially to fit in an additional Family area!
- Kitchen impressively fitted with modular spaces!
- Attractive cove lightings designs throughout the living and bedrooms!

- Peaceful and quiet green surroundings!
- Activity playgrounds and Park Connector just DOWNSTAIRS!
- Prestigious Primary School (Waterway Primary) just within 5mins walk!
- 3 mins walk to Sheng Siong supermarket & foodcourt for daily necessities!
- 5 mins to LRT station!
- 7 mins to Oasis Terrace Shopping Mall for more shopping and dining options and many other amenities!

25/05/2021

Two government land parcel tenders closed today:

1) Ang Mo Kio Avenue 1 - Private
2) Tengah Gardens - Executive Condominium

If the huge numbers look confusing to you, maybe it’ll help to scroll to the last image, where it is simplified into price Per Plot Ratio (ppr).

Breakeven prices for a developments these days will easily add at least $600 psf to the PPR price.

Which equates to:
1) AMK Private >$17xx psf to breakeven
2) Tengah EC >$12xx psf to breakeven

———————————-

If $17xx psf for a private condo
and $12xx psf for an EC sounds expensive..

Think about it..
Are developer going through so much trouble and risks just to breakeven?

…Unlikely isn’t it?
They aren’t charitable organisations after all.

Therefore, the initial selling prices can easily range from $18xx to $2### psf for the AMK condo.
While the EC may see prices $12xx psf to $14xx psf in tengah gardens

Very high prices for a yet-to-be developed area

———————————————

What does this mean:

1) High property prices are here to stay, especially with so many developers bidding for these two plots of land, showing the acceptance of high land prices.

2) Existing condos and EC developers who failed to get the bid, with remaining units to be sold may likely increase their prices to make up for the lack of new land banks

—————————

Would property prices be heading for an upcoming crash in prices?

You decide! 🤔

25/05/2021

May 2021 HDB BTO guide prices are out!

These are the benchmark prices that will likely not go any lower regardless of any incoming cooling measures, since BTOs are pretty much the “ultimate subsidy” that the government can provide for us to make housing affordable.

Here we can see an upward trend of prices from the last few rounds of BTO exercises, particularly in the up-and-coming Tengah estate!

This is mostly due to rising land and manpower costs, especially after this pandemic period, where we are facing very limited foreign labour supply.

Whether you are planning to go for BTOs this round or not, it is important understand what are the repercussions of such BTO prices on the rest of the real estate market before you make an informed decision.

Do consider dropping us or your trusted professional for a discussion to help you understand the bigger picture, an dmost importantly, avoid making a mistake that you will regret in 5-10 years’ time! 😊

(Photo courtesy of DollarsandSense)

21/05/2021

Proud sale of a gorgeous 5-rm unit successfully sold by Home & Seek in just 1 week of marketing!

Seeking to sell or purchase your home?
Drop us a text or give us a call today and we will share our effective marketing plan and strategy with you!😀

20/05/2021

Another unit successfully sold by Home & Seek!!!

Seeking to sell or purchase your home? Give us a call today and we will share our marketing plan and strategy with you😀

22/04/2021

[Just Listed] Corals @ Keppel Bay - 2 Bed 2 Bath | 904sqft | $1,780,000

Latest listings!
Luxurious Development by the Bay. Harbourfront MRT, Vivocity, Cinema, Amenties

Within the condo, unwind in the swimming pool or have a workout in the gym.

For sea & nature lovers, take advantage of nearby Labrador Park for an evening stroll.

For dining and shopping, Corals @ Keppel Bay is conveniently located Near Vivo City.

Right Smack at Greater Southern Waterfront Potential.

Enjoy this video to see the unit that you should not miss out, presented by Adrian Koh, Group Director of PropNex.

Call us now if you want to view this unit today!

📲For viewing arrangements, kindly contact Savvyhomes and Home & Seek
Adrian Koh (CEA Reg. No.: R045184G / L3008022J) at 97 222 999.

FOR MORE INFO ABOUT THIS PROPERTY

[Just Listed] Corals @ Keppel Bay - 2 Bed 2 Bath | 904sqft | $1,780,000Latest listings!Luxurious Development by the Bay. Harbourfront MRT, Vivocity, Cinema, ...

06/04/2021

Another beautiful unit sold by Home & Seek in less than 2 weeks of marketing at higher than expected price. 👏🏻🙌🏻🏆

This time round is a high floor unblocked view premium apartment at Dawson. 😍😍

Looking to sell your place?

Do give us a call!