Property Nexus

17/08/2020

Sustained Growth in Private New Home Sales, with 1,080 units sold in July 2020

📍LATEST DATA RELEASED Amid the pandemic and economic downturn, developers’ sales continued to outperform expectations in July, booking the highest monthly sales in eight months.

Latest data from URA showed that 1,080 new private homes (excluding Executive Condos) were sold in July 2020 – up by 8.2% from the 998 units transacted in the previous month and 8.4% lower than 1,179 units sold in July 2019.

The top selling private residential projects in July🎉 included: Treasure At Tampines which sold 112 units at a median price of $1,344 psf; Parc Clematis which moved 87 units ($1,649 psf); The Florence Residences which sold 78 units ($1,559 psf); Jadescape which shifted 75 units ($1,739 psf); and Daintree Residences which transacted 56 units ($1,641 psf).

Many of the top 10 best sellers held prices relatively steady in July with a slight increase in median prices as compared with their respective median launch prices

17/07/2020

3. Singapore new home sales jump 105% in June as showflats reopen after COVID-19 circuit breaker

New launches and Resale Properties. How to chart your NEXT RIGHT MOVE?
• Resale prices: Are they expected to rise or decline from here?
• How do you determine the best EXIT strategy, fit for you?
• Will property developers lower prices of new launches?
Whatsapp me at https://bit.ly/2Xfgvh0 and we can discuss more.

https://www.channelnewsasia.com/news/singapore/singapore-private-home-sales-double-105-percent-june-covid-19-12934418

Developers sold 998 units - excluding executive condominiums (EC) - in June, an increase of 105 per cent compared with the 487 units sold in May, according to data from the Urban Redevelopment Authority (URA) on Wednesday (Jul 15). Compared with the 821 units transacted in June 2019, last month's sales were 21.6 per cent higher.

SINGAPORE: Sales of new private homes more than doubled in June after showflats reopened following an almost two-month long COVID-19 “circuit ...

17/07/2020

1. Property market remains stable; no need to adjust existing cooling measures, says MAS

We can see just how stable Singapore property market is despite the rough economic conditions and how our government reactions impact prices.

"...property cooling measures — progressively implemented over the last 10 years — have helped temper price increases, bringing prices more in line with underlying economic fundamentals. “The stabilisation of the property market has substantially reduced its vulnerability to the Covid-19 shock,” he says. "

Urban Redevelopment Authority private residential property price index corrected 1% in 1Q2020

https://www.edgeprop.sg/property-news/property-market-remains-stable-no-need-adjust-existing-cooling-measures-says-mas

According to Menon, the property cooling measures — progressively implemented over the last 10 years — have helped temper price increases, bringing prices more in line with underlying economic fundamentals. “The stabilisation of the property market has substantially reduced its vulnerability to the Covid-19 shock,” he says. “If property prices had been rising rapidly as we entered the Covid-19 crisis, we could have seen a sharp and painful correction.”

While Singapore's economy is in the throes of its worst recession since Independence, the property market has remained stable. As such, there will be no adjustments to property cooling measures, says MAS

17/07/2020

New Private Home Sales Surprise Rebound

New launches and Resale Properties. How to chart your NEXT RIGHT MOVE?
• Resale prices: Are they expected to rise or decline from here?
• How do you determine the best EXIT strategy, fit for you?
• Will property developers lower prices of new launches?

Whatsapp me at https://bit.ly/2Xfgvh0 and we can discuss more.

https://www.straitstimes.com/business/property/new-private-home-sales-post-surprise-rebound

01/07/2020

SINGAPORE PROPERTY COME BACK? - Post Circuit breaker
This report seeks to evaluate the property buying behaviour of consumers during the circuit breaker period in Singapore and provide a deeper look into the private residential transactions that occurred during that time. It also offers some recommendations to developers and property investors as Singapore navigates an uncertain economic environment.

For full report please contact me.

26/05/2020

CLOSE TO S$100 BILLION FOR FOUR BUDGETS

With the Unity, Resilience and Solidarity budgets, and now the Fortitude Budget, the sum set aside to fight COVID-19 will add up to S$92.9 billion, or 19.2 per cent of Singapore's GDP.

Singapore is pulling out all the stops to save lives, and the economy
Singapore Govt continues to support GDP through digital transformation of businesses, job creation and training packages in response to recession pressures.

❓With so many projects out there, How do we get better value in our savings plan?

❓Learn the new habits of Singaporeans and how to tap on this behavior to get the most out of your purchase

❓What if i told you , for the same amount of money, you can get something that is limited edition instead of a dime a dozen?

Whatsapp https://bit.ly/2Xfgvh0 to learn this new framework to project selection, ensuring your clients a Safe and Resilient savings plan to tide through any economic condition.

https://www.channelnewsasia.com/news/singapore/fortitude-budget-draw-past-reserves-heng-swee-keat-12770316

https://www.singaporebudget.gov.sg/budget_2020/fortitude-budget

26/05/2020

Across China and in some of their familiar hunting grounds in Asia, wealthy buyers are snapping up top-end housing, in many cases to guard their wealth against anticipated inflation and a weakening yuan. The rush to add real estate has led to a jump in upmarket housing prices in China, while offering some support for Asian property markets hit hard by the pandemic....another favourite Singapore, virtual tours and photos have been enough to seal multi-million dollar deals, pointing to how transactions are evolving..

Wondering what property investing opportunities attracting China's rich to target Singapore property?

Want to know what are the undervalued investment opportunities still available for you?

Whatsapp me at https://bit.ly/2Xfgvh0 and we can discuss more.

https://www.straitstimes.com/business/property/rich-chinese-investors-snapping-up-luxury-homes-from-singapore-to-sydney

SYDNEY (BLOOMBERG) - Rich Chinese investors are finding luxury real estate is a good hiding place from the economic fallout of the coronavirus.. Read more at straitstimes.com.

22/05/2020

'No doubt' construction costs will rise with COVID-19 testing for workers ramped up: Lawrence Wong

https://sg.news.yahoo.com/no-doubt-construction-costs-will-rise-with-covid-19-testing-for-workers-ramped-up-lawrence-wong-115539944.html

22/05/2020

China home prices up again in April, adding momentum to recovery
Average new home prices in 70 major cities rose 0.5 per cent month-on-month, following a 0.1 per cent increase in March

https://www.businesstimes.com.sg/real-estate/china-home-prices-up-again-in-april-adding-momentum-to-recovery

21/05/2020

Singapore market set for 2021 recovery; safety measures a new normal for firms that can reopen
Government fiscal support, ample liquidity can prevent market from sinking to previous crisis levels: CGS-CIMB report

https://www.businesstimes.com.sg/companies-markets/singapore-market-set-for-2021-recovery-safety-measures-a-new-normal-for-firms-that

21/05/2020

Wow! ✅As seen in The Business Times today, 21 May 2020🎉: PropNex sells 113 new homes* during 6 weeks of circuit breaker. ☺️

🤗As the largest real estate agency and the market leader in project marketing in Singapore, PropNex is involved is the appointed agency of almost every single project in Singapore (more than 90%). 👏👏👏

👍🏻Currently we are marketing close to 100 developments in Singapore. ✨Our salespersons transacted 74.3% of the top selling 6 projects sold between 6 April to 17 May 2020.😍

✅Read on to see how well our PropNex salespersons performed during the Circuit Breaker period, helping their clients in their property purchases virtually, every step of the way!🙋🏻‍♀️🙋🏻‍♂️

*113 units sold is based on the top 6 projects during the circuit breaker. 📝

(LATEST UPDATE)📊 Meanwhile, Developers sold a total of 312 units of Private New Homes (6th Apr - 17th May). 💪🤗

🥇👍🏻The TOP 5 best-selling new launches from 6 April to 17 May were Treasure At Tampines, The Florence Residences, Parc Clematis, Parc Esta and Kopar @ Newton. 🥇👍🏻☺️

🤔 Is the property market showing resilience or did these savvy buyers know how to identify pockets of opportunities in the uncertain time? 💡

⏰Technology-fueled change so fast in this COVID-19 pandemic and has significant impact on all aspects of people's lives with 2.6 billion across the world now living under some sort of lockdown quarantine. We are grateful for all the trust and support from our clients tuning in our technology-focused Facebook ‘live’ sharings, webinars, zoom consultations, detailed R.A.M system financial planning, showflat virtual tours and virtual open houses on a daily basis for the past 6 weeks during this circuit-breaker period. 🙏🏻☺️❤️

✅ While we continue to monitor the situation on the ground and support our clients through these challenging times, our PropNex Management Team and all team leaders openly share their latest updates and researches on the potential implications of COVID-19 on daily Zoom sharings and webinars. 📝

💻📲Connect with me now and discover the insights from a different perspective! ✅🙋🏻‍♀️🙋🏻‍♂️

Jef Lim
9637 5331
Whatsapp https://bit.ly/2Xfgvh0
Please find my other property listings, latest government regulations, private condo new launch database here:
https://bit.ly/2WW0zjHJefLim
bit.ly/2vpu55MTampines

09/05/2020

I am very happy to be able to identify an undervalued unit for my client and blessed to be part of her property journey, amidst this pandemic and economic downturn.

Truly grateful for the time and patience dedicated by my client. Through my sharing of property trends, detailed data analysis and careful personalized financial planning and projections, the numbers and case studies assured her that this is a viable venture for the long term. The entire process was completed without her stepping into the show flat.

Looking back, I realised 3 things during this :
1. Technology has given us a way to overcome social distancing
2. Lockdown has given us the time to focus on what is important. My client enriched her weekends and after work hours by taking her 1st step to learn more about property through my property research and several Propnex education webinars. Equipped with the right knowledge and research, she decided to take the 1st mover advantage and position herself ready to take advantage of the recovery to come
3. Investment decision has to be made through clear understanding of the facts & figures and not led by emotional fear or preferences.

Albert Einstein once said, “in the midst of every crisis, lies great opportunity.”

As the world faces yet another unprecedented crisis, have you wondered where are the undervalued opportunities and how could we mitigate the risks? For those who have missed the opportunities in the past crisis to buy undervalued property, isn’t now the right time to seek someone who has done market research already and capable to assist in personalised financial planning to ensure a safe and comfortable investment journey?

Special thanks to Dennes Lew for his careful and detailed presentation to pick out some hidden gems. The only pity is we couldn’t get a decision fast enough to help our client to secure her top choice before it got snapped up by other buyer. Let’s do better next time to help our clients get their ideal unit!

Jef Lim - Propnex
☎️ 9637 5331
Whatsapp 📱https://bit.ly/2Xfgvh0
Website:
Projects/Listings: https://bit.ly/2WW0zjHJefLim
Industry news/updates/listings: https://bit.ly/2vpu55M