Caleb & Carol: Your Trusted Real Estate Team

26/07/2024

HDB Resale Hits $1.73M – Are Cooling Measures Inevitable?

A five-room flat at Skyoasis @ Dawson has set a new HDB resale record at $1.73 million! This incredible sale was facilitated by Faith Wong from ERA Realty, surpassing previous records and highlighting the skyrocketing property prices in Singapore.

My Thoughts:
With property prices continuing to rise, I feel that cooling measures might be on the horizon. One possibility is introducing an income ceiling for resale flats, which could limit the number of eligible buyers and potentially lower HDB prices.

Imagine if there is an income ceiling of $18,000 proposed by the government. Buyers would only be able to secure loans up to $970,000, capping HDB purchases at around $1.3 million. This is particularly relevant as new HDBs in prime locations (PLH properties) already have an income ceiling of $14,000, along with many restrictions.

Without an income ceiling for resale flats, prices might run away, creating a significant gap between resale and PLH properties. This disparity could make PLH flats less attractive due to their restrictions, explaining why prices are now hitting $1.73 million.

What do you think?
If HDBs are already reaching these prices, what do you think the future holds for private property prices?

Comment below and share your thoughts!

The sale sets a new record for the most expensive HDB transaction in Singapore by absolute price.

25/07/2024

Just had a fantastic meetup with my real estate agent manager! 🏡✨

I learned so much from his generous sharing. He emphasized the importance of always meeting people, giving value to your customers, and being there to help others. I also learned the need to stay energetic and on the ball to reach more clients, and the importance of having systems in place to always connect with them.

Things I want to apply after meeting up with him:

- Create a strong social media system where I'll post frequently.
- Create a CRM system to connect with my customers and those I'm following up with.
- Create a social media marketing system to reach out to more customers.

Feeling inspired and ready to take action! 💪😄

24/05/2023

Hello, friends! 🌟

I recently stumbled upon an intriguing article about homeowners who achieved a remarkable 200% profit by holding onto their properties for at least 15 years. 💰📈

It piqued my curiosity, so I delved into the details. One owner, for instance, purchased a property at The Eastside for $600k and sold it for $1.95m after 18 years in Marine Parade. 🏠💸

This got me thinking: What if I had bought a nearby HDB? How would my returns have fared? For instance, if I had purchased a 4-room flat in 2005 when it was priced around $300k, it would be valued at $680k today, reflecting an impressive 126% capital gain. 💭💼

What amazed me even more was that the seller who earned $1.95m could now downgrade to a 3-room flat valued at $400k and still have a substantial $1.55m in cold, hard cash. 💼💰💼

It became clear to me that buying a property with a significant size and holding onto it for an extended period is key to achieving substantial gains, especially in the private property market. 🏘️💪

However, it's equally crucial to know how to choose the right unit with a safe entry price to mitigate risks and ensure good capital appreciation in the long run. 🔍📈

If you're interested in learning more about these strategies, feel free to contact me. Let's explore the possibilities together! 📲🤝

After a holding period of at least 15 years, the owners of these units managed to get a profit that's at least twice the purchase price.

01/04/2022

The rental market has been going up in the past few months.

One of the units that I have recently assisted my landlord in renting broke the record price in the condo.

This was a 2 Bedroom apartment in the Thomson area.

Transactions there were only going for about 2.3k to 2.8k.

The owner wanted 3.5k. That's when I was quite shocked in the first place but I told the owner, let's try it!

Initially, we managed to rent to a Korean couple at 3.5k. However, their passes were not approved yet and I advised my client not to proceed. As it would be flouting the laws in Singapore.

Thankfully, we managed to get another tenant for our client at $3.3k who could start almost immediately. This rental transaction is the highest in the condo development.

We are glad that we tried our best to get the best price for our clients.

19/07/2021

When you reach your 5 years HDB MOP Mark, what are your options next?

In this video series, we explore your options available.
Starting with the first video explore what are the 3 factors you need to consider before you make your first move.

Check out this 3 factors so that you know what to consider before you plan your mov

We explore what are the possible factors you need to consider before moving to your next home. Your next home will determine where you stay for the next 5-15...

18/04/2021

#𝐂𝐧𝐂 𝐬𝐡𝐨𝐰𝐜𝐚𝐬𝐞: 𝐀 𝐍𝐞𝐰𝐥𝐲 𝐌𝐎𝐏 𝟓 𝐘𝐞𝐚𝐫𝐬, 𝟓 𝐑𝐨𝐨𝐦 𝐅𝐥𝐚𝐭 𝐔𝐧𝐢𝐭 𝐈𝐧 𝟭𝟮𝟮𝗕 𝗘𝗱𝗴𝗲𝗱𝗮𝗹𝗲 𝗣𝗹𝗮𝗶𝗻𝘀
Located on a Top floor unit. With Very Strong Wind & Cross Ventilation Unit Of The Amazing House & Wonderfully Renovated House With It's Tip Top Maintenance of the Unit by the Owner.
With Mee Toh School Located Nearby. This Unit is One You Mustn't Missed it!
Project Name: 𝙋𝙪𝙣𝙜𝙜𝙤𝙡 𝙀𝙙𝙜𝙚
👍 𝑪𝒐𝒓𝒏𝒆𝒓 𝑼𝒏𝒊𝒕 So That There Are No People Walking Pass Your Unit Which Means You Have Complete Privacy
👍 𝑯𝒖𝒈𝒆 𝑺𝒑𝒂𝒄𝒆 𝒐𝒇 1216sf So That All Of Your Family Members Can Stay Under One Roof Yet Not Feel Squeezy.
👍 3 𝑺𝒑𝒂𝒄𝒊𝒐𝒖𝒔 𝑩𝒆𝒅𝒓𝒐𝒐𝒎 So That No One Needs to Fight For Their Room Of Their Own, Which Means You Can Avoid Your Kids Bugging You For Their Room Of Their Own.
👍 𝑾𝒆𝒍𝒍 𝑹𝒆𝒏𝒐𝒗𝒂𝒕𝒆𝒅 𝑼𝒏𝒊𝒕 So That You Do Not Need to Spend a Single Cent in Renovation Which Means You Get to Spend That Money for a Well Deserved Holiday Trip With Your Family
👍 𝑳𝒂𝒓𝒈𝒆 & 𝑪𝒍𝒆𝒂𝒏 𝑲𝒊𝒕𝒄𝒉𝒆𝒏 So That You Get to Cook Your Favorite Home Cook Meals Every Single Day Which Means You Get to Spend So Much More Quality Time With Your Family Every Single Day.
👍 𝑻𝒐𝒑 𝑭𝒍𝒐𝒐𝒓 𝑼𝒏𝒊𝒕 So That You Get All the Natural Breeze Coming Into Your House and Leave All the Rubbish Truck Smell Alone.
𝐖𝐡𝐚𝐭𝐬𝐚𝐩𝐩 𝐔𝐬 𝐅𝐨𝐫 𝐏𝐫𝐢𝐜𝐞: http://bit.ly/122b-Edgedale-Plains
𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐦𝐞𝐬𝐬𝐚𝐠𝐞 𝐮𝐬 𝐟𝐨𝐫 𝐚 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧
𝐂𝐚𝐥𝐞𝐛 & 𝐂𝐚𝐫𝐨𝐥
𝟗𝟏𝟎𝟖 𝟓𝟔𝟗𝟎 & 𝟗𝟒𝟕𝟓 𝟐𝟕𝟎𝟑
Click 'tag', 'share' and 'like' so that your friends and relatives do not miss out on these fantastic apartments.
Contact us now if you wish to create your wealth through invest/sell/purchase of your next property too!