Mark Deng - Powerful Negotiators

Mark Deng - Powerful Negotiators My clients are my focus. Everything I do are according to your best interests.

Is Covid really going cause property prices to fall?Multiple rounds of property cooling measures since 2013 has ensured ...
09/09/2020

Is Covid really going cause property prices to fall?

Multiple rounds of property cooling measures since 2013 has ensured that property prices have not been artificially inflated and home owners are not over-leveraged.

The report also states that buyers are shifting away from units under 500 sq ft, which accounted for less than 10% of total transactions, down from 14% in 1Q2020.

Many are expecting for property prices to drop due to effects of Covid-19. However, it can be seen that this won't be ha...
30/07/2020

Many are expecting for property prices to drop due to effects of Covid-19. However, it can be seen that this won't be happening in the near future, at least for the mass market segment.
The government has heavily regulated property prices through many rounds of cooling measures since 2011. Banks are extremely stringent before mortgages are being granted.
As such, a large percentage of property owners won't be pushed or forced to sell at a loss or lower price as a result of being unable to afford the expenses.

Property portal 99.co presents the following weekly property news roundup for the week of 18 to 24 July: #1: HDB Q2 2020 transactions plunge, but overall prices increase In a report released on 24 July 2020, transaction volume for HDB flats fell by 41.9%. A total of 3,426 flats changed hands, compar...

Despite all showflats being closed, new home sales only dropped 20.3% compared to the same time last year.
25/07/2020

Despite all showflats being closed, new home sales only dropped 20.3% compared to the same time last year.

The number of private new homes sold in Singapore in 2Q2020 fell 20.3% to 1,713 units from 2,149 units in 1Q2020

Positive signs as demand for land continues.
09/04/2019

Positive signs as demand for land continues.

Wing Tai intends to develop the site into two 20-storey residential towers and one block of low-rise residences atop a row of commercial units...

If this sparks another round of enblocs, then current launches would certainly be a good buy in terms of value.
14/03/2019

If this sparks another round of enblocs, then current launches would certainly be a good buy in terms of value.

The freehold Selegie Centre in prime District 7 has been sold en bloc at its reserve price of $120 million.. Read more at straitstimes.com.

https://sg.finance.yahoo.com/news/surge-luxury-condo-prices-2018-000000383.html
01/01/2019

https://sg.finance.yahoo.com/news/surge-luxury-condo-prices-2018-000000383.html

The 10 highest prices for luxury condos have improved from a year ago. In 2018, the 10 highest condo prices ranged from $16.8 million to $36.28 million, above the range of $16.02 million to $25.58 million in 2017, according to List Sotheby’s International Realty (List SIR). Luxury property prices ...

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