Private property prices... Up or Down?

[Mercs]

http://www.businesstimes.com.sg/hub/property-2016/landed-suburbia-sailing-smoothly-in-turbulent-waters

Landed suburbia sailing smoothly in turbulent waters

APR 7, 2016

 

DEMAND RESILIENT FOR SUBURBAN LANDED HOMES

 

Latent demand for landed properties still exists, and owner occupiers would be looking to buy in spite of current cooling measures. With the market facing tightened financing, demand for suburban landed properties will remain stable, given their lower price and quantum. Though current headwinds would dampen any growth in prices in the short term, current prices are supported by low existing and upcoming supply.

 

Furthermore, the decentralisation of commercial activities will be a positive demand driver for suburban homes in the long term. For buyers looking to board the landed property ship, suburban landed homes may be ideal for those looking for a smooth journey.

[Mercs]

I can only see the rich gets richer ....

$160 mil for a house... don't know can feed how many generations to come ....

http://www.businesstimes.com.sg/hub/property-2016/gcbs-keeping-their-allure

GCBs keeping their allure

APR 7, 2016

 

They are sought after for their uniqueness and exclusivity.

 

GOOD Class Bungalows (GCBs) are often described as the crème de la crème of the Singapore real estate market. With the Urban Redevelopment Authority's stipulation of a minimum 1,400 sq m plot size per GCB and a high prestige quotient due to their scarcity, GCBs are the most exclusive landed residential properties in Singapore. There are currently 2,700 such bungalows, largely owned by the wealthiest of families and high net worth individuals (HNWI). These are distributed across the 39 gazetted GCB Areas (GCBA), each with its own distinctive characteristics, attracting buyers of different profiles.

 

It is evident that GCBs have performed well and made good returns during the last decade for their owners and investors. Strong fundamentals such as the finite supply of GCBs vis-à-vis steady demand (in contrast to the increasing inventory of condominium units) should support GCBs' good performance in the long term for owners and investors.

 

 

While it is safe to say that wealth accumulation and preservation through real estate is a preferred choice among many, some owners may choose to sell to recycle their capital into other segments of the real estate market or even into other investment products.

[Mercs]

http://www.businesstimes.com.sg/hub/property-2016/how-low-can-ec-prices-go

How low can EC prices go?

APR 7, 2016

 

A growing pool of potential buyers bodes well for the long term.

 

CONCLUSION

 

As the total development costs for ECs have started to decrease, sale prices of ECs would become less sticky. However, in order for developers to achieve a decent profit margin, prices cannot fall too much.

 

An increase in income ceiling to enlarge the pool of potential buyers as well as a restricted supply of new EC launches in the near future due to fewer sales of EC sites in 2014 and 2015 could also negate the effects of an oversupply of ECs. Some EC developers may wish to incorporate more innovations or unique designs to their developments to entice prospective buyers, instead of just focusing on a re-pricing strategy.

[Ktglfc]

http://www.businesstimes.com.sg/hub/property-2016/gcbs-keeping-their-allure

GCBs keeping their allure

APR 7, 2016

 

They are sought after for their uniqueness and exclusivity.

 

GOOD Class Bungalows (GCBs) are often described as the crème de la crème of the Singapore real estate market. With the Urban Redevelopment Authority's stipulation of a minimum 1,400 sq m plot size per GCB and a high prestige quotient due to their scarcity, GCBs are the most exclusive landed residential properties in Singapore. There are currently 2,700 such bungalows, largely owned by the wealthiest of families and high net worth individuals (HNWI). These are distributed across the 39 gazetted GCB Areas (GCBA), each with its own distinctive characteristics, attracting buyers of different profiles.

 

It is evident that GCBs have performed well and made good returns during the last decade for their owners and investors. Strong fundamentals such as the finite supply of GCBs vis-à-vis steady demand (in contrast to the increasing inventory of condominium units) should support GCBs' good performance in the long term for owners and investors.

 

 

While it is safe to say that wealth accumulation and preservation through real estate is a preferred choice among many, some owners may choose to sell to recycle their capital into other segments of the real estate market or even into other investment products.

 

It is a rich man's game in a rich man's world ...

I am just a normal peasant enjoying my own farmer's world 

[Wyfitms]

http://business.asiaone.com/property/news/de-souza-calls-absd-be-removed-singaporeans

 

The measures have weakened private industrial and residential building activity, causing growth in the construction sector to moderate to 2.5 per cent last year, from 3.5 per cent in 2014.

 

This led the Ministry of Trade and Industry to flag that poor private-sector construction demand, among other factors, would probably retard the economy in 2016.

 

Yet, the Monetary Authority of Singapore seems quite certain that any impact of a property slowdown on the economy will be contained.

 

 

Thus, he is advocating to keep the TDSR so as to ensure that any potential buyer can only afford what is within his means.

 

"This should allay any concerns that easing the property cooling measures will cause a surge in Singaporeans purchasing second properties when they may not be able to," said Mr de Souza.

 

But the ABSD should be removed for Singaporeans, as having it in place would dampen property-buying aspirations, he explained.

 

The ABSD should still remain for foreigners so as to curb speculation in the local market.

 

He also called on the government to study the Australian approach to cooling the market. This approach allows all foreign buyers to buy only new property, and they are able to sell that property only to domestic buyers.

 

what BS is he talking about? what foreign speculation?

 

does he not know the real source of buying demand came from high HDB resale prices which is supported by high BTO prices.

 

This has already been ongoing for almost a decade. Either he is clueless or it is taboo for PAP MP to criticize HDB ?

 

 

[Wt_know]

cannot bite the hand that feeds you ... lol

 

simi foreign speculation on the Pasir Ris, Punggol, Jurong West, CCK mickey mouse condo? muahahaha

 

did he read the MND report that > 70% buyers are singaporean and pr? lol

 

i think he worried about the $20M sentosa cove no people buy?

 

what BS is he talking about? what foreign speculation?

 

does he not know the real source of buying demand came from high HDB resale prices which is supported by high BTO prices.

 

This has already been ongoing for almost a decade. Either he is clueless or it is taboo for PAP MP to criticize HDB ?

 

Edited April 7, 2016 by Wt_know

[Duckduck]

what BS is he talking about? what foreign speculation?

 

does he not know the real source of buying demand came from high HDB resale prices which is supported by high BTO prices.

 

This has already been ongoing for almost a decade. Either he is clueless or it is taboo for PAP MP to criticize HDB ?

 

nowadays they are only interested saying the right things to get auntie n unker votes.

Edited April 7, 2016 by Duckduck

[Wt_know]

wah ... no must say bought by singaporean ... must be explicit

who who who? lol

 

The unit is located in a block adjacent to Tanjong Beach, and was reportedly purchased by an unnamed Singapore citizen from the telecommunications industry.

Edited April 7, 2016 by Wt_know

[Donut]

wah ... no must say bought by singaporean ... must be explicit

who who who? lol

 

It's propaganda............ 

[Kusje]

It's propaganda............ 

 

If Singapore commit crime sure write Singaporean.

 

Foreigner commit the crime, they will write "a 40 year old chinese man".

[Staff69]

The editor ft

Edited April 7, 2016 by Staff69

[Mercs]

http://www.theedgeproperty.com.sg/content/just-sold-terrace-flat-queenstown-sold-980000

JUST SOLD: Terrace flat in Queenstown sold for $980,000

April 7, 2016

 

A 1,163 sq ft four-room HDB terrace flat in Queenstown was sold for $980,000 in April this year. The unit is located at 43 Stirling Road, which was completed in 1968.

 

The deal marks the most-expensive terrace flat ever transacted in Queenstown. Trailing in the second spot was the sale of a terrace unit at 50 Stirling Road for $880,000 in January 2016.

[Mercs]

http://www.businesstimes.com.sg/real-estate/hdb-resale-prices-dip-01-in-march-volumes-up-376-srx-flash-estimate

HDB resale prices dip 0.1% in March; volumes up 37.6% : SRX flash estimate

APR 7, 2016

 

Its overall price index for HDB resale flats fell marginally by 0.1 per cent month on month in March. This contrasts with a 0.2 per cent month-on-month gain in February.

 

The March flash estimate for the index translates to a modest 0.1 per cent year-on-year increase.

 

On a year-on-year basis, prices have inched up 0.3 per cent in mature estates but dipped 0.1 per cent non-mature estates.

 

According to data compiled by SRX Property, 1,651 HDB resale flats changed hands last month, a 37.6 per cent increase from 1,200 flats in the preceding month.

 

Year-on-year, the resale volume climbed 22.5 per cent compared to the 1,348 units resold in March 2015.

 

According to SRX Property, the overall median transaction over X-Value (TOX) in the HDB resale market was zero last month, an improvement from negative S$2,000 in the previous month.

 

The median TOX measures how much people are overpaying or underpaying against the computer-generated estimated market value or the so-called X-Value.

[Kusje]

http://www.theedgeproperty.com.sg/content/just-sold-terrace-flat-queenstown-sold-980000

JUST SOLD: Terrace flat in Queenstown sold for $980,000

April 7, 2016

 

A 1,163 sq ft four-room HDB terrace flat in Queenstown was sold for $980,000 in April this year. The unit is located at 43 Stirling Road, which was completed in 1968.

 

The deal marks the most-expensive terrace flat ever transacted in Queenstown. Trailing in the second spot was the sale of a terrace unit at 50 Stirling Road for $880,000 in January 2016.

 

Left 51 years....

[Throttle2]

The editor ft

Edited April 7, 2016 by Throttle2

[Kusje]

Wah , a few days dont come, still you tekan me.

Singapore citizen is different from Singaporean, in my books.

 

Many Ex Foreigners are now Singapore Citizens too.

But i refrain from calling them Singaporeans

 

You are right. 

 

Jet Li is also "singapore citizen"

Edited April 7, 2016 by Kusje

[Wt_know]

Gong Li is also singapore citizen

 

You are right. 

 

Jet Li is also "singapore citizen"

 

Edited April 7, 2016 by Wt_know

[Mercs]

http://www.theedgeproperty.com.sg/content/singapore-home-prices-have-longest-drop-almost-2-decades

Singapore home prices have longest drop in almost 2 decades

April 7, 2016

 

Home values have dropped 9 percent from the peak in 2013 and sales have since declined to about half the level that year.

 

Developers remain hopeful that some measures will be eased this year. Kwek Leng Beng, the billionaire executive chairman of City Developments Ltd., which built luxury condominiums such as the St. Regis Residences near the Orchard Road shopping belt, said in February he is expecting the government to remove stamp duties on home purchases.

 

The government needs to calibrate the cooling measures to engineer a soft landing, the Real Estate Developers’ Association of Singapore President Augustine Tan said in February.

 

Apartment prices rose 0.4 percent in prime districts in the three months ended March 31, the first quarterly increase since the quarter ended Dec. 2014, the data showed. Those in the suburbs slid 0.9 percent, while areas near prime districts declined 0.4 percent from the previous quarter.

 

Still, Singapore remains a high-end housing market in Asia. The city was ranked the most expensive to buy a luxury home after Hong Kong in the region, according to a 2016 Knight Frank wealth report.