SG Developer New Launch

22/12/2021

💥💥 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐡𝐨𝐦𝐞 𝐩𝐫𝐢𝐜𝐞𝐬 𝐛𝐮𝐨𝐲𝐚𝐧𝐭 𝐚𝐬 𝐝𝐞𝐦𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐬 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐝𝐞𝐦𝐚𝐧𝐝

Long-term demographic and population trends could underlie increases in private residential demand and prices.

Source: Business Times

21/12/2021

😱 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒆𝒓𝒔 𝒎𝒂𝒚 𝒔𝒕𝒊𝒍𝒍 𝒃𝒆 𝒉𝒖𝒏𝒈𝒓𝒚 𝒇𝒐𝒓 𝒍𝒂𝒏𝒅 𝒆𝒗𝒆𝒏 𝒕𝒉𝒐𝒖𝒈𝒉 𝑴𝑵𝑫 𝒉𝒂𝒔 𝒖𝒑 𝒕𝒉𝒆 𝒄𝒐𝒏𝒇𝒊𝒓𝒎𝒆𝒅-𝒍𝒊𝒔𝒕 𝒐𝒇 𝒑𝒓𝒊𝒗𝒂𝒕𝒆 𝒉𝒐𝒖𝒔𝒊𝒏𝒈 𝒔𝒖𝒑𝒑𝒍𝒚

Only 5 sites are available on the confirmed list of H1 2022 programme as compared with 4 in H2 2021. And with the latest property curbs, it will also hit supply from big en-bloc sales, said analysts.

This is not enough to satisfy the hunger of residential developers that have made profits from projects on sites bought in the previous en bloc sale bloom in 2017/2018 and seeking to redeploy their capital in their Singapore residential business.

Notwithstanding the latest cooling measures targeting mostly investors, the increase in the total number of residential units that can be developed on confirmed plots is viewed to be muted.

This is considering the low unsold stock, construction delays and pent-up demand from genuine homebuyers.

Analysts predict that on the next 6 months, developers are likely to increasingly look towards the sites on the GLS reserve list, with the smaller and mid-sized plots (yielding 600 units or less) more likely to be triggered for release.

🧐 Will developers be more willing to increase their land bids now amidst the limited sales of small and medium sized residential sites, and thus will future launch price increased?

Source: Business Times

20/12/2021

😃 HDB to launch up to 23,000 BTO flats a year over the next 2 years, as well as to increase the supply for private housing

Proposed sites for the first half of next year 2022 under the Government Land Sales programme (GLS)

🔹 𝐂𝐨𝐧𝐟𝐢𝐫𝐦𝐞𝐝 𝐋𝐢𝐬𝐭
Pine Grove (Parcel A)
Dunman Road
Lentor Central
Lentor Hills Road (Parcel B)
Bukit Batok West Avenue 5 (EC)

🔹 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐋𝐢𝐬𝐭
Hillview Rise
Pine Grove (Parcel B)
Tampines Street 62 (Parcel B) (EC)
Lentor Gardens
Bukit Timah Link
Kampong Bugis
Woodlands Avenue 2
River Valley Road

Total (confirmed list and reserve list): 2,785 + 3,715 = 6,500

👍 With more potential supply coming onto the market, buyers will have more choices that will cater to their requirements.

Source: Straits Times

20/12/2021

💥💥 𝙎𝙞𝙣𝙜𝙖𝙥𝙤𝙧𝙚 𝙡𝙖𝙩𝙚𝙨𝙩 𝙥𝙧𝙤𝙥𝙚𝙧𝙩𝙮 𝙘𝙪𝙧𝙗𝙨 𝙩𝙤 𝙝𝙞𝙩 𝙛𝙤𝙧𝙚𝙞𝙜𝙣 𝙗𝙪𝙮𝙚𝙧𝙨, 𝙪𝙣𝙡𝙞𝙠𝙚𝙡𝙮 𝙩𝙝𝙚 𝙪𝙡𝙩𝙧𝙖-𝙧𝙞𝙘𝙝

Singapore government has raised the additional buyers’ stamp duty from 20 percent to 30 percent for foreigners. This new hike might be “earth shattering” for foreigners buying into the luxury market but unlikely to dampen demand from the ultra rich.

According to analysts, these buyers are the ultra-rich and the houses are typically not for investment purposes but for them to settle down and live in. This additional 10 percent is not going to chase them away.

While the fresh cooling measures would dent foreign demand in the near future, analysts are optimistic that potential buyers would still look into Singapore eventually.

In the past, investors has looked purely at financial returns, but now, with the government’s handling of the COVID-19 pandemic and the economic stability, it will attract more buyers to Singapore.

Foreigners are looking for a place of safety. Financially, Singapore is one of the best places to park their funds. Medically, it is probably one of the best places to be in too.

Thus foreigners will still come back to Singapore eventually.

https://www.scmp.com/week-asia/economics/article/3159966/singapores-additional-stamp-duty-hike-foreigners-earth

Source: South China Morning Post

Analysts say the rules targeting foreigners and buyers of investment property may only have a short-term impact and won’t deter the ultra-rich. Chinese, Indians and Americans are the largest investors in the city state’s property market, but US buyers are exempt due to free-trade agreement.

19/12/2021

🎯🎯 Government to increase Build-To-Order (BTO) and Government Land Sales (GLS) programme supply together with the new cooling measures.

These measures aimed at both demand and supply to support a stable property market for the medium- term as well as to keep housing affordable for Singaporeans, as highlighted by Minister for National Development Desmond Lee.

https://www.businesstimes.com.sg/real-estate/government-to-increase-bto-gls-programme-supply-together-with-cooling-measures

Source: Business Times

ALONG with the latest cooling measures announced late Wednesday (Dec 15) night, the government will boost supply in both the private and public housing markets. The number of units available under the confirmed list of the H1 2022 Government Land Sales (GLS) Programme will go up 40 per cent from H2....

19/12/2021

🧐 Quick takes : How might the latest cooling measures affect Singapore’s property market?

https://www.businesstimes.com.sg/real-estate/quick-takes-how-might-fresh-cooling-measures-affect-singapores-property-market

Source: Business Times

LATE Wednesday (Dec 15) night, the Singapore government announced a package of measures to cool the property market, with the changes taking effect from Thursday (Dec 16). Read more at The Business Times.

18/12/2021

📣📣📣 Singapore government has recently announced a package of new property cooling measures to cool the private residential and HDB resale markets:

🔸 Higher ABSD Rates
🔸 Tighten TDSR Ratio
🔸 Tighter Loan Limits

How might these new measures affect Singapore’s property market? 🧐

https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-tdsr-ltv-loan-hdb-2382301

Source: Channelnewsasia

SINGAPORE: The Government on Wednesday (Dec 15) announced a package of measures to cool the private residential and HDB resale markets. The measures include raising Additional Buyer’s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold and lowering the Loan-to-Va

18/12/2021

🧐 New cooling Measures

With immediate effect from 16 December 2021

What is the impact on the property market and how does it affect you? 🧐

05/12/2021

😃 Check it out even if you are not buying

Recap and full list of the new launch condos in Singapore in 2021

https://www.99.co/singapore/insider/recap-new-launch-condo-2021/?fbclid=IwAR3tEbMsFcB0V2xnhbWiGmuw3omKWwfkY7CUtdVaVaAw6GyydHbWkERh-Dg

Source: 99.co

02/12/2021

😍 𝑭𝒓𝒆𝒆𝒉𝒐𝒍𝒅 - the magical word that charms both buyers and developers.

La Ville, a freehold high-rise development along Tanjong Rhu, was sold for $152 million - above its reserve price.

This development has a land area of around 47,012 square feet (sqft), and is about 250 metres from the upcoming Katong Park MRT Station on the Thomson-East Coast (TEL) line, while the Central Business District is just a 10-minutes drive via the East Coast Parkway. Plus factors include its close proximity to malls and elite schools.

Hong Kong-listed ZACD Group makes the highest offer and won the bid. 👏

Source: The Business Times

02/12/2021

En-Bloc Fever is happening again 😱

Chuan Park Condominium has closed its tender and is currently in private treaty negotiation process.

The current site which comprises of 444 residential apartments, a food and beverage space not currently occupied, as well as a supermarket, could be redeveloped into 900 to 919 units.

Source: Business Times

02/12/2021

😱 Prices of conservation shophouses has escalated again this year amid the strong demand and limited stock.

Word on the street is that besides local buyers who are snapping up these shophouses, buyers mainly from China are doing it too and are not taking any loans.

A key draw of investing in shophouses on sites fully-zoned commercial is that there is no additional buyer's stamp duty. Neither is stamp duty payable on exiting the investment.

Source: The Business Times