Patrick Foo - SG Properties

12/05/2021

‼️ ICYMI: With the dwindling supply of affordable new launch condo units available and construction delays of BTO flats, many home buyers and property investors have now turned to the private and HDB resale market.

As such, this has caused a chain reaction as HDB flat owners who have sold their flats in recent months are now able to afford to upgrade to private resale condos and investors look for value buys, thus pushing up the prices of such real estate.

📈📈 Moving forward, should demand continue to be robust, then we can expect current prices to sustain.

🤙🤙 Looking for your dream home or thinking of upgrading to a private property but not sure about your options or where the property market is heading? Why not speak to a Professional and understand better what is the best course of action for you in this current property climate?

The private resale housing market, which has so far defied the pandemic-induced recession, remained buoyant with the number of condominium units resold last month hitting the highest level seen in nearly 10 years. Prices of private condo resale units also rose for the eighth consecutive month.. Read...

02/04/2021

🤔🤔 A number of potential customers whom I had spoken to in the last few months were only interested in “looking for a good deal only” or “cheap and good unit that I like after viewing”. Not sure if they had been observing how property prices had been moving?

👉👉 Looking at resale prices of both the HDB and private property segments for the past year, the demand is genuine. The transactions are really mainly from local purchasers since foreign property investors aren’t exactly flocking to our shores due to COVID-19 at the moment.

❓❓ What are some of the reasons sustaining the rise in prices? Adding to the numbers are HDB upgraders considering private property from the over 25,000 flats reaching their MOP status this year, FOMO buyers/investors, reduced private condo units launched this year to replace those sold last year, buyers who need a larger living space due to WFH or having a larger family size.

🤞🤞 With the current situation being closely monitored by the government, hopefully prices will not increase too quickly that causes concern to the government to introduce yet more cooling measures.

🤙🤙 Looking to purchase your next dream home or thinking about selling your property but unsure about what the market holds? Why not give me a call to find out what to expect moving forward? 😁

Year on year, resale prices were up by 8%.. Read more at straitstimes.com.

29/03/2021

Fancy buying a million dollar HDB flat for their unique attributes like unblocked views and large sizes? Do work out your sums carefully as you may not be able to profit when you do decide to sell it off in the future. Sudden changes to HDB rules governing these flats may also directly affect the demand in the future for these flats.

Such million-dollar sales make up just 0.3% of total resale transactions in the first eight months of 2020.. Read more at straitstimes.com.

11/03/2021

With genuine demand for both the new launch and resale segments, property prices look set to hold its performance well into 2021 amid the economy looking positively and low interest rates.

Still undecided if you should wait further or start being more active in your search for your dream home now? Why not talk to a professional who is able provide you with more insights and a neutral perspective?

Buyers may be considering resale condominiums as prices of new homes have been holding firm. . Read more at straitstimes.com.

30/11/2020

🤔🤔 Are you still sitting on the fence waiting and hoping for property prices to drop? Whether you are looking for a resale HDB flat or private condo unit, now may be the time to seriously consider your options before prices moves up further. With the property market being more stable due to cooling measures, recent government stimulus measures and MOP flat owners looking to sell their flats at higher prices, buyers are taking the opportunity to look for their next dream home now rather than later.

Experts point to cooling measures and stimulus measures to save jobs.. Read more at straitstimes.com.

09/11/2020

🤔🤔 Despite the recent negative coverage on property investment strategies taught by some property investment educators and real estate agents, the core question that probably many people may be wondering: Is growing your wealth through property investment achievable? Or is it just a pipe dream?

🤩🤩 I truly believe it is achievable and property is still one of the best investment vehicles to grow your wealth. However, the following principles should be kept in mind:

1. Property Investment is never a quick get-rich scheme. It is for the longer term and done in a step-by-step systematic way.

2. Always carefully consider your current financial situation and affordability of the property. The last thing you want to do is over leverage and be forced to sell.

3. Work with an experienced Professional if you are not a seasoned investor and take the time to learn from him/her. You will always benefit from the knowledge you gain.

17/10/2020

🤔🤔 Still waiting for prices to drop during this pandemic? The private home market continues to defy gravity as sales hit a 2-year high. With developers holding their prices or giving out targeted discounts, now may be the best time to hunt for your dream home or investment property before the pandemic situation improves or the government issues more restrictions.

Year on year, sales rose 4.6% from 1,270 units in September 2019, excluding ECs. Read more at straitstimes.com.

14/10/2020

🤔🤔 Can’t explain it any better. For property buyers who are grappling with the perennial “Freehold vs. Leasehold” debate.

A freehold property isn't always a superior option to a leasehold one. Here are the reasons why.

29/09/2020

⚠️⚠️ Property Buyer Alert!!

👉👉 Looks like URA has acted upon to curb a property market practice believed to be inflating private home sales figures, while encouraging financial prudence in home buying amid a weak economy and uncertain employment climate.

🤔🤔 Developers are now restricted from re-issuing options to purchase (OTPs) to the same buyer of the same unit within 12 months after the expiry of the earlier OTP; and providing upfront agreements to buyers to re-issue OTPs.

The changes, aimed at curbing a practice believed to be inflating private home sales figures, will take effect immediately.. Read more at straitstimes.com.

24/09/2020

🤩🤩 It’s definitely good news to hear that restrictions are going to be further relaxed! Hopefully, as the number of infections continue to be kept low, more and more places will also see rules being relaxed as well.

More activities will resume in the coming weeks and businesses will be able to run their operations more smoothly since Singapore has managed to keep the number of Covid-19 cases in the community relatively low, said Health Minister Gan Kim Yong yesterday.. Read more at straitstimes.com.