New Launch Nexus

03/11/2022

Congrats to both sellers and landlord!

The Park Colonial 2B1B has been on the market for 5 months before we were invited to market, and we are glad 𝘄𝗲 𝘀𝗼𝗹𝗱 𝘁𝗵𝗲 𝘂𝗻𝗶𝘁 𝘄𝗶𝘁𝗵𝗶𝗻 𝟭 𝗺𝗼𝗻𝘁𝗵 𝗮𝗻𝗱 𝘁𝗵𝗲 𝘀𝗲𝗹𝗹𝗲𝗿 𝘄𝗮𝗹𝗸𝗲𝗱 𝗮𝘄𝗮𝘆 𝘄𝗶𝘁𝗵 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝟭𝟲𝟬𝗞 𝗽𝗿𝗼𝗳𝗶𝘁!

The Tampines Street 24 5 room hdb was in a very original condition, asking at 50K above the previous record transaction. Through smart management of enquiries and viewings, introducing competition so the buyers have a sense of urgency, we are glad to sell above owner asking and 𝗮𝗰𝗵𝗶𝗲𝘃𝗶𝗻𝗴 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝗿𝗲𝗰𝗼𝗿𝗱 𝗵𝗶𝗴𝗵 𝗰𝘂𝘁𝘁𝗶𝗻𝗴 𝘃𝗲𝗿𝘆 𝗰𝗹𝗼𝘀𝗲 𝘁𝗼 𝘁𝗵𝗮𝘁 𝗼𝗳 𝗘𝗔 𝗮𝗻𝗱 𝗘𝗠 𝘄𝗶𝘁𝗵𝗶𝗻 𝟮 𝘄𝗲𝗲𝗸𝘀 𝗼𝗳 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴

An unbelievable rental achieved for landlord at Parc Esta for this beautiful 3b2b unit, 𝗰𝗹𝗼𝘀𝗲 𝘁𝗼 𝟱% 𝗿𝗲𝗻𝘁𝗮𝗹 𝘆𝗶𝗲𝗹𝗱 😱

On a side note, If you think
✅ Shopping malls
✅ MRT
✅ Top Primary school
✅ International School
✅ Nature
are your key considerations when choosing a property, we still have 5 units at Park Colonial (TOP already) and Woodleigh Residence (TOP very very soon)!

Viewings on Saturday 1pm!

PM If keen!

Cya!

10/08/2022

🅜🅘🅓🅦🅞🅞🅓 🅢🅤🅑 🅢🅐🅛🅔

Type : 2B2B
Asking : 1.388mil starting from
Size : 700 sqft

Exclusive agent
Sub sale
Move in immediate, TOP very soon, brand new

What makes this development special :
✔️ Be very close to nature
✔️ Convenience at its best – MRT and shopping mall
✔️ MRT to downtown with a huge pool of potential tenant
✔️ ultra modern with elegant entrance
✔️ infinity pool overlooking lush greenery, one of its kind in the neighbourhood
✔️ full condo facilities
✔️ First mover advantage!

What makes the unit special :
✅ Low quantum!
✅ no fins
✅ Greenery view with absolute privacy, partial pool view
✅ Bright spacious and modern with an open concept kitchen
✅ can reconfigure for enclosed kitchen
✅ all rooms can fit queen size bed
✅ Usable balcony space that can fit dining table

View to believe!

Other units available
❤️ Alps residences 2B2B - 850K
❤️ Midwood 2B2B (TOP soon low quantum next to mall and mrt) - 1.388mil
❤️ Park colonial 2b21 (one of the lowest quantum! Be the first owner) - 1.20mil
❤️ Park colonial 2b2b (full furnished) - 1.408mil
❤️ Park colonial 2b1b (just TOP pool view be the first owner) - 1.35mil
❤️ Parc Clematis 2B2B (unblocked landed be the first owner) - 1.388m
❤️ Stirling Residence 2B2B (just TOP be the first owner) - 1.7mil

05/08/2022

𝐁𝐄𝐅𝐎𝐑𝐄 𝐓𝐎𝐏! 𝐉𝐚𝐝𝐞𝐬𝐜𝐚𝐩𝐞 𝐥𝐨𝐰 𝐟𝐥𝐨𝐨𝐫 𝐟𝐚𝐜𝐞𝐬 𝐟𝐮𝐧𝐜𝐭𝐢𝐨𝐧 𝐫𝐨𝐨𝐦 𝐰𝐢𝐭𝐡 𝐠𝐨𝐨𝐝 𝐩𝐫𝐨𝐟𝐢𝐭

Subsale! amidst the intense competition, this low floor unit was sold prior to TOP.

This means that the seller has been paying based on progressive payment scheme, and the impact if interest rate and expense would be kept to a minimum.

𝐖𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤 𝐭𝐡𝐚𝐭 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞 𝐚 𝐬𝐚𝐟𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞 𝐦𝐚𝐫𝐤𝐞𝐭?

If you are unsure of how the progressive payment scheme works, I will be more than happy to share on this

Speak soon!

24/07/2022

"The fast-paced sales at AMO Residence wrapped up the evening of July 23 with 98.1% of the 372 units in the project taken up. The average price of units sold is said to be about $2,100 psf,"

There are a few pointers that gave a good indication on the results, namely
📍 low supply of inventory for new launch in the market
📍 low supply of new launch in Ang Mo Kio
📍 1km to 2 TOP Primary schools
📍 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 𝐩𝐬𝐟 𝐨𝐟 𝟏𝟖𝟎𝟎 𝐏𝐒𝐅 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 from a reputable developer UOL

Hence the results were not surprising at all.

There were 1500 cheques but there were only 372 units to purchase. Where the other buyers be heading to?

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

18/07/2022

"Market speculation has been rife that Kingsford is the buyer of Chuan Park since it fully sold all 1,862 units at Normanton Park as at end June. And this was achieved in just 18 months since its launch in January 2021."

Fourth time lucky!

Estimated PPR around 12XX range, which will estimate to have a breakeven between 2000 to 2200 psf, at lorong chuan.

Would this mark the the beginning of en bloc fever again for land hungry developers?

Kingsford Development to make a comeback with the en bloc purchase of Chuan Park following the successful sales at Normanton Park

18/07/2022

“The sales gallery drew a crowd of about 7,500 by 2pm on July 11, according to UOL.

However, the $2,000 psf pricing is likely to be the norm for other upcoming suburban or OCR projects, given the recent winning bids at GLS tenders, notes ERA’s Mak. In April to June 2022, the median transacted price of developers’ sales of non-landed residential units in the city fringe or Rest of Central Region (RCR) was $2,262 psf. This reflects a 14.4% y-o-y jump in median price in the RCR, he notes.”

Is 2000 psf the new price point for OCR condominiums?

Generally there are 4 key factors that determine the eventual price:
📍 Interest rate
📍 Cost of Land
📍 Cost of manpower
📍 Cost of materials

Which of the above is likely to lower in time to come?

AMO Residence is the first new launch of a suburban condo in 2022

17/06/2022

🔥 𝗪𝗼𝗼𝗱𝗹𝗲𝗶𝗴𝗵 𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝗲𝘀, 𝗮𝗻 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝘁𝗵𝗮𝘁 𝗮𝗽𝗽𝗲𝗮𝗿𝗲𝗱 𝗲𝘅𝗽𝗲𝗻𝘀𝗶𝘃𝗲 𝗶𝗻𝗶𝘁𝗶𝗮𝗹𝗹𝘆 𝗯𝘂𝘁 𝗮𝗽𝗽𝗲𝗮𝗿𝘀 𝗰𝗵𝗲𝗮𝗽 𝗻𝗼𝘄🔥

The price revision was timed with the launch of Sengkang Grand, and it goes without saying that the sales picked up tremendously from this point onwards.

The beauty of an integrated development is, given that land prices almost always go up, an integrated development will always appear to be cheaper and cheaper, and cheaper.

The characteristics that the buyer that the buyer felt were convincing :
𝗘𝗮𝘀𝗲 𝗼𝗳 𝗥𝗲𝗻𝘁𝗶𝗻𝗴
Integrated project – Residential, MRT, shopping mall, hawker centre
International School
Top Primary school

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻
Extended Toa Payoh
Upcoming park in front
Integrated project – Residential, MRT, shopping mall, hawker centre

𝗘𝗻𝘁𝗿𝘆 𝗣𝗿𝗶𝗰𝗲
OCR like North Park residences, Pasir Ris 8, Florence Residences have been inching upwards and act as a good price support for integrated development.

𝗙𝗶𝗿𝘀𝘁 𝗠𝗼𝘃𝗲𝗿 𝗔𝗱𝘃𝘁𝗮𝗻𝗴𝗲
New town development

What we observe :
📍 The Bartley area remains profitable because of Maris Stella and Bartley MRT
📍 The Bedok Reservoir area remains profitable because of the park and reservoir view
📍 Integrated development like North Park Residences, Watertown, Bedok Residences perform very much above their competing launches in profit due to amenities and convenience.

With Woodleigh Residences having the above 3, how strong do you think the value propositions are?

🤔 The story (or value proposition) behind your property is the key reason your next buyer is willing to give u a record profit. It could be freehold, top primary school, sea view, mrt, shopping mall. What is the story of your current property?

17/06/2022

𝗧𝗵𝗲 𝗧𝗲𝗿𝗿𝗮𝗰𝗲 𝗘𝗖, 𝗹𝗼𝘄 𝗳𝗹𝗼𝗼𝗿 𝗮𝘁 𝗵𝗶𝗴𝗵 𝗳𝗹𝗼𝗼𝗿 𝗽𝗿𝗶𝗰𝗶𝗻𝗴, 𝘃𝗲𝗿𝘆 𝗵𝗮𝗻𝗱𝘀𝗼𝗺𝗲 𝗽𝗿𝗼𝗳𝗶𝘁

This beautifully renovated home from The Terrace @ Punggol has officially found another buyer who loves the house like the owners do!

Amazing financial foresight of the owners!

If you are looking to understand more about
✅ profitable to unprofitable transactions of EC
✅ maximum and minimum profit of EC
✅ maximum and minimum loss of EC

let me know!

by the way, if you are staying in a HDB, you can save the hassle of moving and sell your hdb only upon TOP of your new EC too.

17/06/2022

🍍🍍 𝟱 𝗿𝗼𝗼𝗺 𝗵𝗱𝗯 𝗮𝘁 𝗵𝗼𝘂𝗴𝗮𝗻𝗴 𝘀𝗼𝗹𝗱 𝗮𝘁 𝗽𝗿𝗶𝗰𝗲 𝗰𝗹𝗼𝘀𝗲 𝘁𝗼 𝗘𝗔/𝗘𝗠 🍍🍍

1 open house
3 offers
80K COV
1 record price

Due to the delays in TOP of new BTO, many first-time owners are seeking resale properties for immediate move in, and are willing to pay a premium for it.

This is why the market saw the demand came roaring back in the resale segment (not just public but private properties too). It even surpassed the peak in 2013, which saw the previous peak in public housing prior to the introduction of TDSR and MSR (which clearly segregated how the public housing and private properties are being financed)

This resale property bought 5 years ago, has seen the valuation remain largely flat but since 2020 Q4, the valuation has increased by a whopping 20% (hasn't include COV yet) from that in 2017.
There were a lot of interesting questions on the mind of the seller -
• will the market go higher? wait a little longer get a little more profit?
• sell high = buy high?
• high interest = market correction?
• Ukraine war = market correction?
• recession (maybe) = market correction?

17/06/2022

🚨🚨 𝗥𝗲𝗰𝗼𝗿𝗱 𝗣𝗿𝗶𝗰𝗲 𝗳𝗼𝗿 𝗧𝗲𝗿𝗿𝗮𝗰𝗲 𝗮𝘁 𝗦𝗲𝗿𝗮𝗻𝗴𝗼𝗼𝗻 𝗚𝗮𝗿𝗱𝗲𝗻𝘀 𝗶𝗻 𝟳 𝗱𝗮𝘆𝘀 🚨🚨

Close to 50 enquiries and it was closed at a record price in 7 days!

Cobroke and buyer came in the afternoon to view this amazing terrace, requested for 2nd viewing in the evening and offered on the spot to seal the deal before the clock struck 12.

🤔 What made the buyer so eager to offer a record price for the property?

17/06/2022

𝙉𝙤𝙧𝙩𝙝 𝙒𝙚𝙨𝙩 𝙛𝙖𝙘𝙞𝙣𝙜 𝙤𝙙𝙙 𝙨𝙝𝙖𝙥𝙚 𝙧𝙚𝙣𝙤𝙫𝙖𝙩𝙚𝙙 3 𝙗𝙚𝙙𝙙𝙚𝙧 𝙖𝙩 𝘽𝙤𝙖𝙩𝙝𝙤𝙪𝙨𝙚 𝙍𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙚𝙨

A good case study of time in market is better than timing the market!

Along with the strong demand in resale private properties the supply of enbloc in 2018 is slowly but surely creeping in.

The boathouse waited from 2013 till end 2021 to unlock the profit!

Interestingly buyer is North South facing owner and lover, and focusing the buyer on the strengths of the unit, they really fell in love. Thanks to the fantastic cobroke, a new record profit, 50% higher than normal and bigger units, was born.

Sold in 4 weeks (clashed with Christmas and new year)