Mercs: property news & updates

[Mercs]

 

 

 

 

 

[Mercs]

https://www.edgeprop.sg/property-news/four-room-hdb-resale-flat-upper-boon-keng-road-sold-over-13-mil

Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 mil

 

"A four-room HDB resale flat located at 8B Upper Boon Keng Road in the Kallang-Whampoa estate has been sold for $1.300888 million. The 28th-floor unit measures 1,023 sq ft, which means the price works out to $1,272 psf. 

The sale marks a new high for four-room flats located outside the Central Area.

 

Prior to the sale of the unit at 8B Boon Keng Road, the previous record for a four-room flat outside the Central Area was the sale of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate that fetched $1.188888 million ($1,162 psf) in February, based on HDB resale transaction data on the data.gov.sg website."

 

 

https://www.straitstimes.com/singapore/housing/executive-condo-site-in-tampines-street-62-sets-price-record

Executive condo site in Tampines Street 62 sets price record

 

"An executive condominium (EC) site in Tampines Street 62 has set a new price record.

The tender for the site has been awarded to Sim Lian Land and Sim Lian Development at $543 million, or $721 per sq ft per plot ratio (psf ppr), said the Housing Board on Monday.

This is higher than the previous record land rate of $703 psf ppr for an EC site in Plantation Close in Tengah, awarded in September.

It also surpassed the previous record quantum of $509 million, set in 2018, for the site of Piermont Grand EC in Sumang Walk, Punggol.

 

the future Tampines EC project could be priced at around $1,430 psf to $1,500 psf.

“The new record could lead to higher prices for condominiums because it goes against the grain to price a 99-year leasehold condo below an EC,”

[13177]

  On 10/10/2023 at 1:13 AM, Mercs said:

https://www.edgeprop.sg/property-news/four-room-hdb-resale-flat-upper-boon-keng-road-sold-over-13-mil

Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 mil

 

"A four-room HDB resale flat located at 8B Upper Boon Keng Road in the Kallang-Whampoa estate has been sold for $1.300888 million. The 28th-floor unit measures 1,023 sq ft, which means the price works out to $1,272 psf. 

The sale marks a new high for four-room flats located outside the Central Area.

 

Prior to the sale of the unit at 8B Boon Keng Road, the previous record for a four-room flat outside the Central Area was the sale of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate that fetched $1.188888 million ($1,162 psf) in February, based on HDB resale transaction data on the data.gov.sg website."

 

 

https://www.straitstimes.com/singapore/housing/executive-condo-site-in-tampines-street-62-sets-price-record

Executive condo site in Tampines Street 62 sets price record

 

"An executive condominium (EC) site in Tampines Street 62 has set a new price record.

The tender for the site has been awarded to Sim Lian Land and Sim Lian Development at $543 million, or $721 per sq ft per plot ratio (psf ppr), said the Housing Board on Monday.

This is higher than the previous record land rate of $703 psf ppr for an EC site in Plantation Close in Tengah, awarded in September.

It also surpassed the previous record quantum of $509 million, set in 2018, for the site of Piermont Grand EC in Sumang Walk, Punggol.

 

the future Tampines EC project could be priced at around $1,430 psf to $1,500 psf.

“The new record could lead to higher prices for condominiums because it goes against the grain to price a 99-year leasehold condo below an EC,”

Expand  

Now i know why so many HDB can sell over $1m, cause due to unblock nice view, super high floor and central location. Some say it still cost cheaper than buying a private at the same area. Where to find $1.3m price for a size of 1,023 sq ft in city fridge lo. I think cannot find such price and size if buy private in city fridge. 😅

[Wt_know]

  On 10/10/2023 at 2:31 AM, 13177 said:

Now i know why so many HDB can sell over $1m, cause due to unblock nice view, super high floor and central location. Some say it still cost cheaper than buying a private at the same area. Where to find $1.3m price for a size of 1,023 sq ft in city fridge lo. I think cannot find such price and size if buy private in city fridge. 😅

Expand  

buy to stay/live until bye bye ... yes ... million dollar HDB   ... value for money ... 

Edited October 10, 2023 by Wt_know

[inlinesix]

  On 10/10/2023 at 1:13 AM, Mercs said:

https://www.edgeprop.sg/property-news/four-room-hdb-resale-flat-upper-boon-keng-road-sold-over-13-mil

Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 mil

 

"A four-room HDB resale flat located at 8B Upper Boon Keng Road in the Kallang-Whampoa estate has been sold for $1.300888 million. The 28th-floor unit measures 1,023 sq ft, which means the price works out to $1,272 psf. 

The sale marks a new high for four-room flats located outside the Central Area.

 

Prior to the sale of the unit at 8B Boon Keng Road, the previous record for a four-room flat outside the Central Area was the sale of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate that fetched $1.188888 million ($1,162 psf) in February, based on HDB resale transaction data on the data.gov.sg website."

 

 

https://www.straitstimes.com/singapore/housing/executive-condo-site-in-tampines-street-62-sets-price-record

Executive condo site in Tampines Street 62 sets price record

 

"An executive condominium (EC) site in Tampines Street 62 has set a new price record.

The tender for the site has been awarded to Sim Lian Land and Sim Lian Development at $543 million, or $721 per sq ft per plot ratio (psf ppr), said the Housing Board on Monday.

This is higher than the previous record land rate of $703 psf ppr for an EC site in Plantation Close in Tengah, awarded in September.

It also surpassed the previous record quantum of $509 million, set in 2018, for the site of Piermont Grand EC in Sumang Walk, Punggol.

 

the future Tampines EC project could be priced at around $1,430 psf to $1,500 psf.

“The new record could lead to higher prices for condominiums because it goes against the grain to price a 99-year leasehold condo below an EC,”

Expand  

  On 10/10/2023 at 2:31 AM, 13177 said:

Now i know why so many HDB can sell over $1m, cause due to unblock nice view, super high floor and central location. Some say it still cost cheaper than buying a private at the same area. Where to find $1.3m price for a size of 1,023 sq ft in city fridge lo. I think cannot find such price and size if buy private in city fridge. 😅

Expand  

  On 10/10/2023 at 3:31 AM, Wt_know said:

buy to stay/live until bye bye ... yes ... million dollar HDB   ... value for money ... 

Expand  

This block is next to Kallang Horizon which is under construction now.

The resident likely to be former resident of Rochor Centre

[inlinesix]

  On 10/10/2023 at 1:13 AM, Mercs said:

https://www.edgeprop.sg/property-news/four-room-hdb-resale-flat-upper-boon-keng-road-sold-over-13-mil

Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 mil

 

"A four-room HDB resale flat located at 8B Upper Boon Keng Road in the Kallang-Whampoa estate has been sold for $1.300888 million. The 28th-floor unit measures 1,023 sq ft, which means the price works out to $1,272 psf. 

The sale marks a new high for four-room flats located outside the Central Area.

 

Prior to the sale of the unit at 8B Boon Keng Road, the previous record for a four-room flat outside the Central Area was the sale of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate that fetched $1.188888 million ($1,162 psf) in February, based on HDB resale transaction data on the data.gov.sg website."

 

 

https://www.straitstimes.com/singapore/housing/executive-condo-site-in-tampines-street-62-sets-price-record

Executive condo site in Tampines Street 62 sets price record

 

"An executive condominium (EC) site in Tampines Street 62 has set a new price record.

The tender for the site has been awarded to Sim Lian Land and Sim Lian Development at $543 million, or $721 per sq ft per plot ratio (psf ppr), said the Housing Board on Monday.

This is higher than the previous record land rate of $703 psf ppr for an EC site in Plantation Close in Tengah, awarded in September.

It also surpassed the previous record quantum of $509 million, set in 2018, for the site of Piermont Grand EC in Sumang Walk, Punggol.

 

the future Tampines EC project could be priced at around $1,430 psf to $1,500 psf.

“The new record could lead to higher prices for condominiums because it goes against the grain to price a 99-year leasehold condo below an EC,”

Expand  

  On 10/10/2023 at 2:31 AM, 13177 said:

Now i know why so many HDB can sell over $1m, cause due to unblock nice view, super high floor and central location. Some say it still cost cheaper than buying a private at the same area. Where to find $1.3m price for a size of 1,023 sq ft in city fridge lo. I think cannot find such price and size if buy private in city fridge. 😅

Expand  

  On 10/10/2023 at 3:31 AM, Wt_know said:

buy to stay/live until bye bye ... yes ... million dollar HDB   ... value for money ... 

Expand  

This block is next to Kallang Horizon which is under construction now.

The resident likely to be former resident of Rochor Centre

The newest condo around there is Kallang Riverside which is selling for $2.5m for 1k sq ft.

Edited October 10, 2023 by inlinesix

[Mercs]

  On 10/10/2023 at 2:31 AM, 13177 said:

Now i know why so many HDB can sell over $1m, cause due to unblock nice view, super high floor and central location. Some say it still cost cheaper than buying a private at the same area. Where to find $1.3m price for a size of 1,023 sq ft in city fridge lo. I think cannot find such price and size if buy private in city fridge. 😅

Expand  

Inflation, almost everything now just getting more expensive. Eg: just look at property prices all UP across the board be it hdb/ec/condo/landed, property prices move in tandem when hdb resale prices hit new high record highs so will pte prices too. 

Which is why the often mentioned - 'SG property, good to be in as early as possible' 

'Buy property to wait, not wait to buy property'

 

[Mercs]

  On 10/10/2023 at 6:29 AM, inlinesix said:

This block is next to Kallang Horizon which is under construction now.

The resident likely to be former resident of Rochor Centre

The newest condo around there is Kallang Riverside which is selling for $2.5m for 1k sq ft.

Expand  

Dun play play, those lucky to bto there are all future millionaires confirm profit gao gao, next time resale no 1.5-2mil no talk.

This is the bto price they got in at. 😉

https://www.btohq.com/bto-project-spec/kallang-horizon

Unit Type    Total Units    Indicative Price Range

3-Room             72          $335,000 - $447,000

4-Room           405          $509,000 - $690,000

 

Which is why as mentioned - 'BTO99 for the win!' 🤣

[inlinesix]

  On 10/10/2023 at 3:58 PM, Mercs said:

Dun play play, those lucky to bto there are all future millionaires confirm profit gao gao, next time resale no 1.5-2mil no talk.

This is the bto price they got in at. 😉

https://www.btohq.com/bto-project-spec/kallang-horizon

Unit Type    Total Units    Indicative Price Range

3-Room             72          $335,000 - $447,000

4-Room           405          $509,000 - $690,000

 

Which is why as mentioned - 'BTO99 for the win!' 🤣

Expand  

Once living in this area, it is difficult to move away,

It is convenient to go anywhere.

It is a steal as compared to more popular estates 

[Mercs]

  On 10/10/2023 at 3:31 AM, Wt_know said:

buy to stay/live until bye bye ... yes ... million dollar HDB   ... value for money ... 

Expand  

So those 50yr old or with short remaining lease above million dollar HDB ... also value for money? 😉 🤣

[Mercs]

  On 10/10/2023 at 4:02 PM, inlinesix said:

Once living in this area, it is difficult to move away,

It is convenient to go anywhere.

It is a steal as compared to more popular estates 

Expand  

Agreed, familiarity and convenience triumph above all.

And being able to HUAT big along the way is just icing on the cake.

 

 

[Mercs]

 

 

[13177]

  On 10/10/2023 at 3:48 PM, Mercs said:

Inflation, almost everything now just getting more expensive. Eg: just look at property prices all UP across the board be it hdb/ec/condo/landed, property prices move in tandem when hdb resale prices hit new high record highs so will pte prices too. 

Which is why the often mentioned - 'SG property, good to be in as early as possible' 

'Buy property to wait, not wait to buy property'

 

Expand  

But current property price overpriced liao, so some people would say wait next year or so, the price might come down. Don't buy now. 😅

[13177]

  On 10/10/2023 at 3:58 PM, Mercs said:

Dun play play, those lucky to bto there are all future millionaires confirm profit gao gao, next time resale no 1.5-2mil no talk.

This is the bto price they got in at. 😉

https://www.btohq.com/bto-project-spec/kallang-horizon

Unit Type    Total Units    Indicative Price Range

3-Room             72          $335,000 - $447,000

4-Room           405          $509,000 - $690,000

 

Which is why as mentioned - 'BTO99 for the win!' 🤣

Expand  

This Kallang BTO same as the Queenstown BTO for tanglin halt SERS residents. Now all the tanglin halt residents become future millionaires overnight.

[13177]

  On 10/10/2023 at 4:02 PM, inlinesix said:

Once living in this area, it is difficult to move away,

It is convenient to go anywhere.

It is a steal as compared to more popular estates 

Expand  

Agreed. I find among all those city fridge HDB, the HDB at Kallang MRT area consider the best location. The flats near to an MRT and the surrounding roads there not say super jam, like the area at Lavender/Balestier, the traffic there is a nightmare.

[Rskc]

  On 10/11/2023 at 2:27 AM, 13177 said:

But current property price overpriced liao, so some people would say wait next year or so, the price might come down. Don't buy now. 😅

Expand  

Scarily familiar comment by my ex colleague who never recovered from his housing journey. He sold his only home and went renting, only to buy more expensive years later. If it is the only roof over head, just buy when one needs it. Don't play with timing. 

[Mercs]

  On 10/11/2023 at 2:27 AM, 13177 said:

But current property price overpriced liao, so some people would say wait next year or so, the price might come down. Don't buy now. 😅

Expand  

Haha, when is SG property ever not overpriced? When CMs was implemented some also say wait price will drop or wait for removal ABSD to enter those till now probably still waiting 🤣 long time ago i already mentioned just like COE, this ABSD thingy likely here to stay for long. 😉

 

Let me just share few reasons why i reckon price will NOT drop ...

CM/ABSD = less sellers on the market, once sold cannot buy back or have to pay absd.

CM/TDSR = no overleveraging which also means little to no urgent or firesales to cause any sudden price drop.

Population = SG is land scarce, last heard increase to 5.92 thereabouts, later 6-7mil future maybe 10mil, so new demand will always be there.

Richie Richs = many already here and more coming - https://mustsharenews.com/singapore-centimillionaires/

 

Buy HDB is no brainer, PTE go for OCR/RCR, avoid high end properties or CCR for now (60% foreigner tax). SG propertg is history proven, when down is very slow but when up is always fast and furious (eg: recent down 2013- 2016 and then up from 2017 to now .. wait some more ABSD eventually gonna hit 20-25% 🤣 (my guess)

Edited October 11, 2023 by Mercs
Add

[Mercs]

  On 10/11/2023 at 2:29 AM, 13177 said:

This Kallang BTO same as the Queenstown BTO for tanglin halt SERS residents. Now all the tanglin halt residents become future millionaires overnight.

Expand  

Yup, that's why as mentioned always go for new 99 to retain value future sell confirm plus chop sure to profit gao gao, if lucky to be chosen for SERS but yet choose either smaller or shorter lease (50) unit, in my book is a big wasted opportunity goldmine loss. 🤣