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SG Undervalued Condos, 229 Mountbatten Road #03/01, Toa Payoh (2026)

02/12/2020

Despite still being in the midst of a recession, new home sales showed little signs of slowing down. In September, developers sold 1,329 new private homes (excluding executive condominiums (ECs)), up 5.6% from 1,258 units in August, according to Urban Redevelopment Authority (URA) data.

New home sales in September hit 1,329 units, a 5.6% increase from August's 1,258. Sales also continued to increase for the fifth consecutive month since the circuit breaker measures were implemented.

25/11/2020

Transaction volume for private homes spiked 164.5% to 7,047 units in Q3 2020 from 2,664 units in Q2 2020, with resale homes accounting for a larger proportion of the total sales.

The skies seem brighter for Singapore’s private residential market which witnessed a surge in buyer interest as well as a hike in sales volume during the third quarter of 2020.

Transaction volume for private homes spiked 164.5% to 7,047 units in Q3 2020 from 2,664 units in Q2 2020, with resale homes accounting for a larger proportion of the total sales.

18/11/2020

Singaporean home purchases hit a new high in the third quarter of 2020, accounting for 80.7% of total non-landed home buyers with 4,754 sales, according to an OrangeTee and Tie report.

Christine Sun, Head of Research and Consultancy at OrangeTee and Tie noted that people were more acutely aware of the need to acquire larger unit “to set up a dedicated workspace or small office at home”.

11/11/2020

The owners of a freehold landed residential site at 5 Oxley Rise are expected to put up the plum site on sale in a few months, with industry watchers expecting the asking price to hover above $250 million, reported The Business Times (BT).

The 117,230 sq ft site is owned by the seven sons of the late Cheong Eak Chong – founder of Hong Fok Corporation and Tian Teck group. A two-storey bungalow sits on the site, whose last resident, matriarch Lim Ghee, died in February.

11/11/2020

A total of 40 awards were presented this year, including special awards for recognition in the fields of Sustainable Construction, Sustainable Design, and Building Communities.

Local developer, GuocoLand, emerged with the most awards in the night, winning seven awards, including the top award of the night, Best Developer.

11/11/2020

Maybank’s economists attributed Singapore and Vietnam’s more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.

Maybank’s economists attributed Singapore and Vietnam's more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.

22/09/2020

There was a relatively higher proportion of new launch condominiums sold in the quarter during Covid-19 pandemic as many expect the economy to recover by 2022 to 2023, when most of these projects are slated for completion.

The PropertyGuru Singapore Property Market Index Report Q3 2020 examines what played out in the sector during an unprecedented second quarter of the year, identifying key trends that are unfolding as we enter the third quarter.

15/09/2020

The sales of new private housing units in Singapore more than doubled in the month of June, with 998 units being sold compared with 487 in May. This was based on data released by the Urban Redevelopment Authority on Wednesday (July 15).

SINGAPORE — The sales of new private housing units in Singapore more than doubled in the month of June, with 998 units being sold compared with 487 in May. This was based on data released by the Urban Redevelopment Authority on Wednesday (July 15). The take-up last month is the highest seen in Jun...

08/09/2020

Developers’ condo sales more than doubled in June to 998 units from the previous month, reported Singapore Business Review citing Jefferies. Median prices also registered an increase from prior months during the lockdown.

Developers’ condo sales more than doubled in June to 998 units from the previous month, reported Singapore Business Review citing Jefferies. Median prices also registered an increase from prior months during the lockdown. The report, however, noted that primary sales declined 10% year-on-year...

01/09/2020

Buyers in Singapore are seen to have the upper hand in the private residential market this year due to the rising number of unsold inventories, reported The Straits Times.

The increasing number of unsold inventories and COVID-19 outbreak could mean that it will be a buyer's market this year.

01/09/2020

The volume of resale private non-landed homes changing hands nearly doubled in July, with about 978 units sold compared to 496 units in June

Just over half of the units sold last month were located in the outskirts of the central region.. Read more at straitstimes.com.

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