The Property Network

13/04/2023

One of the most highly anticipated launch in central west 🌆🌆🌆 Contact Us to know more!! RCR GOING AT OCR PRICE TAG with CCR rental yields!! Comment below for preview 📞📞📞

EL DEVELOPMENT will start previews for its one-north area project, Blossoms By The Park, this Friday (Apr 14), pricing the condo there between S$2,200 and S$2,400 per square foot (psf). Read more at The Business Times.

26/07/2022

BIG NEWS!!!!! What happens when interest rates are up? Global uncertainties and negative outlook in the financial markets??🤔🤔 = Sold out launches and breaking new price benchmark for Outside Central Region 🫣🫣 CRAZYYYYY OR ARE THERE OPPORTUNITIES?? 😬 contact us to find out more

The first major launch of a suburban project is almost fully sold on first day of sales, with just seven units out of 372 still available. Average price is said to have crossed $2,100 psf, a new price benchmark for the Outside Central Region

18/04/2022

“Lakepoint condo up for en bloc again with unchanged reserve price of S$640m” – ZB Online, Link, Apr 18, 2022

En bloc hopeful Lakepoint Condominium will be relaunched for collective sale again on Apr 19, exclusive marketing agency PropNex Realty said on Monday (Apr 18).

The last tender had closed without a bid on Dec 22, 2021.

The reserve price for the latest tender remains unchanged at S$640 million. This translates to a land rate of S$959 to S$982 per square foot per plot ratio, including the development charge and a lease top-up premium from JTC.

The owners of Lakepoint Condominium recently obtained URA approval for higher height redevelopment. Thus, the buyer of the site will be able to build a mix of residential blocks 5 storeys and 12 storeys high, which “greatly enhances the attractiveness of the site”, PropNex noted.

SINGAPORE, 18 April 2022 – PropNex Realty, the exclusive marketing agent representing the owners of Lakepoint Condominium via their collective sale committee, has today announced the relaunch of the collective sale of Lakepoint Condominium in Jurong.

09/03/2022

🏘Property Update: Latest Government Land Sale🏘

The latest GLS at Dairy Farm closed at 980 psf, this means the launch price will be around $2000psf psf. 🤯

Bukit Batok EC will launch at $1300psf, a new record for EC. EC is becoming less and less attractive as it approaches with private condo prices 😩

🤷What does this mean?🤷

1. Again, our prediction of $2000psf as floor price for new launches continue to stay true. ✅✅

2. There are existing new launches that are 20-30% UNDERVALUED based on $2000psf floor price. 💵💵

3. This means some next door units are very good investment choices too. Can hold for 3-4 year and exit with clear profit margin 🤗🤗

Our team is actively helping our clients to select choice units now.

✅If you want to know where are the undervalued ones, give us a call

26/02/2022

New GLS plot at Pine Grove with the potential to yield 520 units.

This prime location in the city fringe has been released after stunning demand for homes over the last 2 years.

21/11/2021

When the market is supposingly “Hot”! Ultra Lux project is 77% sold in the first day! Thousands have taken action 🔥🌟🌃 In our humble opinion, the market is not overhyped, it’s filled with opportunities 🧐 contact us if you want to search deep for the best home for your needs.

Strong take up rate at CanningHill Piers to bring 2021 to a strong finish

11/11/2021

“𝘛𝘩𝘦 𝘳𝘦𝘴𝘦𝘳𝘷𝘦 𝘱𝘳𝘪𝘤𝘦 𝘰𝘧 𝘚$𝟾𝟻 𝘮𝘪𝘭𝘭𝘪𝘰𝘯 𝘵𝘳𝘢𝘯𝘴𝘭𝘢𝘵𝘦𝘴 𝘵𝘰 𝘢 𝘭𝘢𝘯𝘥 𝘳𝘢𝘵𝘦 𝘰𝘧 𝘚$𝟷,𝟾𝟼𝟷 𝘱𝘦𝘳 𝘴𝘲𝘶𝘢𝘳𝘦 𝘧𝘰𝘰𝘵 𝘱𝘦𝘳 𝘱𝘭𝘰𝘵 𝘳𝘢𝘵𝘪𝘰 (𝘱𝘴𝘧 𝘱𝘱𝘳).”⁣
⁣
Construction costs (raw materials & labour) have increased, which means the estimated breakeven price for Sixth Avenue Centre could be in the range of $𝟐𝟒𝟓𝟎𝐩𝐬𝐟~$𝟐𝟓𝟓𝟎𝐩𝐬𝐟.⁣
⁣
This translates to an estimated selling price of…⁣
⁣
𝟏𝟓% 𝐩𝐫𝐨𝐟𝐢𝐭 𝐦𝐚𝐫𝐠𝐢𝐧: $𝟐𝟗𝟑𝟐𝐩𝐬𝐟⁣
𝟐𝟎% 𝐩𝐫𝐨𝐟𝐢𝐭 𝐦𝐚𝐫𝐠𝐢𝐧: $𝟑𝟎𝟔𝟎𝐩𝐬𝐟⁣
⁣
What if today you could find new developments in the SAME area that’s only asking ~$2500psf??⁣ 🧐
⁣
Contact me today and find out which FREEHOLD project right now is selling at only $2500psf in D10.

SIXTH Avenue Centre, a mixed-use boutique site located at 805 Bukit Timah Road, will be launched for collective sale via tender on Tuesday (Nov 9), exclusive marketing agent Cushman & Wakefield said on Monday (Nov 8). Read more at The Business Times.

21/10/2021

One of the most highly anticipated Premium OCR GLS launch 🌟 when government is increasing land bank, how does it affect the current property prices?? HMU to find out more 🌇☎️

Dairy Farm Walk GLS site with the potential to yield 385 units has been launched for sale, with the tender closing on March 8, 2022.

29/09/2021

🚀Latest Prime Land Sale at Buona Vista

The result of land sale at Buona Vista is finally out! This time round, it is 2 parcel at the same time.

The highest bids is around $1200psf so this will translate to at least $2300psf launch price.

🎉Congrats to all the early buyers this year!

🙋Those who are waiting to enter the market, the price trend is quite clear. Don’t wait for too long!

PM us today for a Property Consultation!

23/07/2021

WOW!! Guocoland SMASHED the Lentor GLS land bidding with a whopping 7.7% higher than the previous OCR land bid price which was the record just two months ago??😱😱
•
This means that for the same psf of $21xx, you can get a new development at the central core of Singapore! Next year, you got to purchase it at Lentor 😬 this shows that current launches are an absolute steal and prices are not coming down 💹
•
So would you rather act now or…… contact us to find out more ☎️

GuocoLand tops bid for Lentor Central site with record-shattering $1,204 psf; price is 7.7% higher than the previous record of $1,118 psf ppr for the Ang Mo Kio Avenue 1 site in May

30/06/2021

𝐉𝐀𝐋𝐀𝐍 𝐀𝐍𝐀𝐊 𝐁𝐔𝐊𝐈𝐓 𝐆𝐋𝐒 (𝐃𝐮𝐚𝐥 𝐄𝐧𝐯𝐞𝐥𝐨𝐩𝐞) 𝐒𝐈𝐓𝐄 𝐉𝐔𝐒𝐓 𝐒𝐎𝐋𝐃!⁣
⁣
Don't be fooled by just the 5 bids, because this tender process is unique and developers had to go through a 2-step "𝘪𝘯𝘵𝘦𝘳𝘷𝘪𝘦𝘸-𝘵𝘦𝘯𝘥𝘦𝘳" process.⁣
⁣
𝟑 𝐛𝐢𝐝𝐬 𝐛𝐲 𝐅𝐚𝐫 𝐄𝐚𝐬𝐭 𝐎𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐬𝐨𝐫𝐭𝐢𝐮𝐦 ⁣
1 bid by Wing Tai consortium ⁣
1 bid by Allgreen consortium⁣
⁣
Far East Organisation seems bent on winning the site (possibly because of the service apartments planning permission) Traditionally FEO are aggressive bidders. For reference their last winning bid at One Holland Village was $1,888psf ppr.⁣
⁣
𝘑𝘢𝘭𝘢𝘯 𝘈𝘯𝘢𝘬 𝘉𝘶𝘬𝘪𝘵 𝘵𝘦𝘯𝘥𝘦𝘳 𝘤𝘭𝘰𝘴𝘦𝘴 𝘸𝘪𝘵𝘩 𝘧𝘪𝘷𝘦 𝘣𝘪𝘥𝘴⁣
https://www.straitstimes.com/business/property/jalan-anak-bukit-tender-closes-with-five-bidsx

Three of them are joint bids by Far East Organization and Sino Group.. Read more at straitstimes.com.

28/06/2021

Land bank running low for prime CBD! High land bids expected around $1700psf range! 📈 How does this workout for high net worth investors?? 🌇

An unnamed developer had undertaken to bid at least $1.508 billion for it.. Read more at straitstimes.com.