ToBeHome.sg

03/10/2022

Resale HDB prices rose 2.4 per cent in the third quarter, compared with 2.8 per cent in the second quarter.

Meanwhile, private home prices rose 3.4 per cent in the third quarter, compared with 3.5 per cent in the previous quarter.

Prices in the Outside Central Region (OCR) rose the most - by 7 per cent compared with the 2.1 per cent increase in the previous quarter, URA data showed.

SINGAPORE: Prices for HDB resale flats and private residential properties rose at a slower pace in the third quarter of this year, according to flash estimates released by the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) on Monday (Oct 3). Resale HDB prices rose 2.4 pe...

30/09/2022

Government has just announced the new cooling measures.

https://www.mnd.gov.sg/newsroom/press-releases/view/joint-mas-mnd-hdb-press-release-measures-to-promote-sustainable-conditions-in-the-property-market-by-ensuring-prudent-borrowing-and-moderating-demand

See below for easy reference.

Property Cooling Measure
30th Sep 2022

Objective
Promote Sustainable Conditions in Property Market

Prudent Borrowing - FI
MSR (Residential) - 3.50% -> 4.00%
TDSR (Residential) - 3.50% -> 4.00%
TDSR (Non Residential - 4.50% -> 5.00%

Prudent Borrowing - HDB Board
HLE MSR - 2.60% -> 3.00%
LTV cut - 85% LTV -> 80% LTV

HDB Loan will continue to be priced at 0.10% + OA rate

Moderate Demand in HDB Resale Market
Private Property Owner / Ex-Private Property Owner -> To wait out 15months prior to granting an Option to Purchase for Resale Flat

Senior > 55yrs, downgrading to 4-Room flat or smaller, will not be affected.

Loan Eligibility
For HDB Loan @ 25years, Every $1,000 income = $3,000 lesser in loan

For Private Property @ 30years, Every $1,000 income = $7,200 lesser in loan

The loan-to-value limit for HDB housing loans will be lowered from 85% to 80%. Read more at straitstimes.com.

21/09/2022

Lentor Modern, a 99-year leasehold integrated private residential project by GuocoLand, sold 508 units, or 84 per cent of its 605 units, during its launch over the weekend.

Units in the integrated mixed-use development to be built in the new Lentor Hills estate in District 20 went for $1,856 per sq ft to $2,538 psf, GuocoLand said in a press release on Sunday.

Launch prices for the units ranged from $1.07 million for a 527 sq ft one-bedroom unit to $3.33 million for a 1,528 sq ft four-bedroom apartment.

Prices ranged from $1,856 psf to $2,538 psf, with all one-bedroom and two-bedroom units sold. Read more at straitstimes.com.

16/08/2022

Pent-up demand for new private homes in the suburbs fuelled a rebound in overall sales in July, and lifted the median prices of some new mass market condominiums to levels more commonly seen in prime and city fringe locations.

Thanks to robust sales at AMO Residence in Ang Mo Kio Avenue 1 - the only major launch last month - the suburbs accounted for the bulk of new home sales at 58.2 per cent or 485 units. Homes in the prime districts made up 22.2 per cent of sales or 185 units, while the city fringe saw 19.7 per cent or 164 units sold.

Based on URA Realis caveat data, the median price of new private homes in the suburbs jumped nearly 19 per cent to $2,088 per sq ft (psf) last month from June, Ms Wong Siew Ying, head of research and content at PropNex Realty, noted.

The median prices of some new mass market condos have risen to levels more commonly seen in prime and city fringe locations. Read more at straitstimes.com.

11/08/2022

🌳LENTOR MODERN 💚

⭐ *Are You Ready for An Exciting, Iconic, Transformational New Launch In Q3 2022‼️*

*⚡Lentor FIRST INTEGRATED MIXED-USE DEVELOPMENT launch In 2022 With 605 Units Is Here!*

🔷 More than 96,000 sqft Commercial Spaces incl. 12,000 sqft Supermarket, 10,000 sqft Childcare Centre

✨ A *BRAND NEW TOWNSHIP around a landed enclave*, *Spearheaded By Renowned Developer GuocoLand!*

🔷 New Township In A Private/Landed Enclave Lifestyle
🔷 First New Launch In This Vicinity Since 2008
🔷 Shopping Mall with 2 Levels Of Retail Space
🔷 Directly connected to Lentor MRT
🔷 Direct link with 5 other MRT Interchange through TEL
🔷 50% Of The Homes Will Have Unblocked Landed Facing
🔷 7 Mins Drive To Thomson Nature Park & Lower Pierce Reservoir Park
🔷 1st Plot Out Of 6 GLS Plots
🔷 605 Residential Units
🔷 Three 25-Storey Towers
🔷 1 - 4 Bedrooms

*🤩Your ACTUAL FIRST MOVER ADVANTAGE is here! Lentor Modern- The ICON of LENTOR TRANSFORMATION!*

*⚡TARGET PREVIEW ON 2ND SEPT 2022. JOIN US TO UNDERSTAND FRESH FROM THE OVEN _PROJECT ARCHITECT INFORMATION‼️_*

1) *🤩Integrated!* Linked directly to the Lentor MRT station on the Thomson-East Coast Line (TEL).

2) *🖼️Unblock View* Mostly low-density and landed private housing and is known for its quiet ambience.

3) *💎Unique*. There will be another 4 pieces of GLS land solely residential. Lentor Modern has an advantage on the rental price and easy to sell your unit. – trend setter

4) *🚄Good Transport Connectivity* TEL: When the TEL is fully operational, it will offer residents direct access to places such as Orchard Road, Great World City, Shenton Way, Gardens by the Bay, Tanjong Katong, and all the way to Changi Airport. North-South Corridor (NSC).

5) *💫Transformation of the North Region*
The North Coast Innovation Corridor (NCIC)
The Woodlands Regional Centre
Rail Transport System (RTS)
Redevelopment of Sembawang Shipyard

6) *📈Good Exit Strategy* offer a higher rate of capital appreciation as it is "new township"

22/07/2022

Data released by URA on Friday morning (July 22) showed that the 3.5 per cent increase was led by non-landed properties, whose prices surged 3.6 per cent compared with a 0.3 per cent drop in the prior quarter.

This was largely due to strong sales at Piccadilly Grand next to Farrer Park MRT station and LIV@MB in the Mountbatten area, which were launched at record prices for 99-year leasehold properties in their locales, analysts said.

Rising construction costs and land prices, coupled with low unsold inventory levels, have fuelled more optimistic pricing of new launches, they added.

Some analysts caution that the price momentum may not be sustainable with rising interest rates and mortgage payments. Read more at straitstimes.com.

22/07/2022

Prices in the Housing Board (HDB) resale market have continued to climb, logging gains for the ninth consecutive quarter, even as the sales momentum slipped.

Resale prices rose at a quicker pace of 2.8 per cent in the second quarter of this year, compared with 2.4 per cent in the first quarter, showed data released by HDB on Friday (July 22).

One industry observer says more buyers are resisting paying higher prices. Read more at straitstimes.com.

21/07/2022

FOR SALE !!!
A Freehold Condo in the EAST (D15)
Eastern Lagoon I
214 Upper East Coast Road 466402.

High floor, Windy & Spacious layout
2 bedrooms 2 Bath room
93 sqm / 1001sqft , (approximate)
Very Well Maintain
Unblock View
Since 1985, total 307 units

En bloc potential.
Easily accessible & convenient location.
Walk to East Coast park
Surrounded by Primary, Secondary Schools & College.
Shopping malls, Wet markets, Hawker centre & Supermarts.

16/07/2022

AMO Residences

PREVIEWS for new Ang Mo Kio project AMO Residence, being built by UOL Group, Singapore Land Group and Kheng Leong Company, will start this Saturday (Jul 9) with prices starting at S$1,890 per square foot.

AMO Residence will be the first major residential launch in the Ang Mo Kio area in 8 years, and will be keenly watched to track market demand and appetite for pricing in the suburban housing market.

*😮It’s finally here*‼️‼️

*Preview from TODAY!*

😮 More than 5000 appointments booked
😮 Attractive pricing for a luxury development
😮 Less than 5 mins walk to MRT
😮 Within 1km to 2 much sought after famous primary schools (St Nicks and Ai Tong), 双学区
😮Enjoy immediate convenience of mature town
😮First mover advantage of upcoming launches 🚀 in D20,D26 (more than 10 plots), ur exit price will be others entry price
😮One of its kind exit strategies

*Indicative Price From*
2 bedroom start from $1.26Mil
3 bedroom start from $1.81 Mil
4 bedroom start from $2.48Mil
5 bedroom start from $2.85Mil

Do let us know if you are keen to book an appointment

05/07/2022

Discover the 2-step formula to ride the next resale property boom

With interest rates rising, and the global economy looking gloom, you are probably wondering if it is a good time to invest in properties.

Property prices tend to fall when interest rates increase. But it might not be the case this time round…

Why is it so?

In the last 2 years, the pandemic has caused serious supply chain shortage globally leading to an increase in raw material and construction costs.

In addition, the delay in housing construction projects have also caused rental prices to spike up as well.

With headline inflation in Singapore hitting 5.6% in May, the banks have been trying to curb inflation by hiking interest rates…. yet this might not work in a supply shortage situation.

In fact, it might even worsen the situation.

So in short, property prices are most likely going to continue to increase in the near future.

And if so, then you will probably wonder - Are new launches the most profitable?

Nope. Not exactly.

If you are hoping to make a windfall through new launches, you might have missed the boat.

With new land bids at sky high prices and the increase in construction costs, the widening price gap between new launches and resale property is no longer sustainable.

This means that either new launch prices have to come down or resale prices have to move up to reach an equilibrium.

-> the right development with high local demand
-> the best unit layout that generates the highest rental return and capital appreciation
-> high growth areas in the next 5-10 years

However, finding the right property is the only the first part…. Part 2 is about managing your property the right way to maximize your rental returns.

Here’s what most landlords will do - passively rent out their property and get an average of 3% return.

We have a better solution to help you optimise your property to potentially generate up to 7% or even higher returns.

In less than a year, one of our clients is sitting on a $150k capital appreciation with a property purchase of just slightly over $1m that’s generating a gross rental yield of 7.25%.

04/07/2022

Overall, private home prices rose by 3.2 per cent in the second quarter, fuelled mainly by the non-landed private home segment, which grew by 3.3 per cent, according to flash estimates from the Urban Redevelopment Authority on Friday (July 1).

This comes after a price growth slowdown in the first quarter. Read more at straitstimes.com.

30/06/2022

The fixed rate is now much higher than SORA-pegged loans but I would still urge people not to take a short-term view because we know interest rates will eventually go up,” he said, adding that fixed rate packages will fit those who prefer some stability when it comes to managing their finances.

Other suggestions to cope with interest rate volatility include the possibility of making partial or full repayments via cash or the Central Provident Fund (CPF) for those looking to manage their cashflow. They can also consider increasing the use of CPF for their monthly loan repayments, said Mr Wee.

SINGAPORE: Home owners in Singapore will have to brace themselves for higher mortgage repayments as local banks continue to raise interest rates for their home loan offerings. The lenders are taking their cues from the United States Federal Reserve, which has made three rate hikes this year to comba...