Mercs: property news & updates

[Mercs]

https://www.todayonline.com/singapore/today-youth-survey-private-housing-2279906

TODAY Youth Survey: 8 in 10 aspire to own private homes as 'life goal'; experts say financial realities will temper expectations

 

- A majority of young Singaporeans aspire to own private homes, but worry that their kids will not be able to afford houses in the future, the latest TODAY Youth Survey has found

- As many as 78 per cent said owning a private home is one of their life goals, though in reality most Singaporeans live in public housing

- 70 per cent said they are worried that their children will have difficulty affording a home in Singapore in future

- Sociologists told TODAY that the desire towards private housing is born from a wider aspiration for social mobility

- Concerns for house ownership among future generations reflect worries over rising costs seen today 

 

 

 

 

[Mercs]

On 10/17/2023 at 12:45 AM, Mercs said:

Bto more value for money - brand new, 99yr lease vs resale pay a premium in price in exchange for no waiting time and choice of location, another is cost factor - example buying older resale have to also add on more in reno cost, plus bank loan interest due to the higher purchase price, 2 room bto lower price after grants can full cash.

Diff strokes diif folks, if got the time to wait ... bto for the win!  like this upcoming with sea view. 😉

 

 

 

https://www.todayonline.com/singapore/demand-bayshore-bto-bedok-flats-property-2284116

High demand expected for Bayshore BTO units, Bedok’s ‘revitalisation’ will boost value of older flats nearby: Analysts

 

- New public housing projects in Bayshore will likely see high demand due to reasons such as the prospect of waterfront living and access to East Coast Park, property analysts said

- Existing flats nearby will likely see price appreciation due to the town’s revitalisation and “improved liveability”, they added

 -The possibility of a 10-year minimum occupation period ruling for the Bayshore projects is unlikely to deter young Singaporeans from applying for them

- One analyst estimated that the price of a two-room flat at Bayshore would range from S$150,000 to S$290,000 and for a three-room flat, S$320,000 to S$400,000

[Mercs]

On 9/27/2023 at 3:44 PM, Mercs said:

More coming eg: when the SPP model is implemented, those hdb resale in Prime Plus location yet without the restrictions huat.

 

 

[13177]

On 10/19/2023 at 12:55 AM, Mercs said:

 

https://www.todayonline.com/singapore/demand-bayshore-bto-bedok-flats-property-2284116

High demand expected for Bayshore BTO units, Bedok’s ‘revitalisation’ will boost value of older flats nearby: Analysts

 

- New public housing projects in Bayshore will likely see high demand due to reasons such as the prospect of waterfront living and access to East Coast Park, property analysts said

- Existing flats nearby will likely see price appreciation due to the town’s revitalisation and “improved liveability”, they added

 -The possibility of a 10-year minimum occupation period ruling for the Bayshore projects is unlikely to deter young Singaporeans from applying for them

- One analyst estimated that the price of a two-room flat at Bayshore would range from S$150,000 to S$290,000 and for a three-room flat, S$320,000 to S$400,000

Bayshore BTO, got seaview or not? This area i always find quite atas lo, surrounding all are private. Unless you are referring to marine parade area, then can find Hdb.

[Mercs]

On 10/19/2023 at 11:10 AM, 13177 said:

Bayshore BTO, got seaview or not? This area i always find quite atas lo, surrounding all are private. Unless you are referring to marine parade area, then can find Hdb.

Not only seaview, flanked by 2 upcoming MRT with close proximity to East Coast Park. Imagine if this is PTE instead of BTO how much gonna sell, so i reckon this gonna be very HOT.

[13177]

On 10/19/2023 at 3:34 PM, Mercs said:

Not only seaview, flanked by 2 upcoming MRT with close proximity to East Coast Park. Imagine if this is PTE instead of BTO how much gonna sell, so i reckon this gonna be very HOT.

Next time after MOP, no at least $2mill no talk. 😅 I will sure apply for a 2 rm short lease if i am eligible when they launch, but too bad still not yet qualify. 

[inlinesix]

On 10/19/2023 at 3:56 PM, 13177 said:

Next time after MOP, no at least $2mill no talk. 😅 I will sure apply for a 2 rm short lease if i am eligible when they launch, but too bad still not yet qualify. 

Bayshore Park with floor size of 1,173 sq ft is $1.8m

[Mercs]

On 10/19/2023 at 3:56 PM, 13177 said:

Next time after MOP, no at least $2mill no talk. 😅 I will sure apply for a 2 rm short lease if i am eligible when they launch, but too bad still not yet qualify. 

Why 2 room when u mentioned 3 room and above more VFM? 😉 🤣

On 10/17/2023 at 9:48 AM, 13177 said:

BTO value for money maybe only for 3 rm and above. Since if sell later sure can profit. But for 2 rm when sell later, don't know if there is a demand for it. But one thing good about buying a brand new 2 rm is low price and can full cash or loan very little. Other than that, i don't see anything good about 2 rm BTO le.

Everyone can only BTO twice so should not waste, as mentioned prior if possible go for the biggest to future profit gao gao. Imagine if ballot lucky get a high floor sea facing 4 room, stay shiok shiok for 10 years till MOP then 'rightsize' to 2 room resale - that would be more optimal. 😉

15yr projection - 4-5 yrs build+MOP - (purchase price 600k sale price 15yrs later conservatively 1.5mil = profit 900k), use part of profits for 2 room resale est purchase price 400k balance extra 500k for travel around the world fund, win win situation. 

 

"The price range for a four-room flat in Bedok South Blossoms was S$448,000 to $587,000, and Mr Lee of Huttons Group estimated that a four-room BTO flat at Bayshore may similarly cost between S$450,000 and S$600,000. 

Mr Mak of Mogul.sg estimated that the price of a two-room flat at Bayshore would range from S$150,000 to S$290,000 and for a three-room flat, S$320,000 to S$400,000."

 

[Mercs]

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-sept-26-oct-10-done-deals

Residential transactions with contracts dated Sept 26 to Oct 10 [DONE DEALS]

https://www.edgeprop.sg/property-news/goodwood-residence-achieves-new-high-2988-psf

Goodwood Residence achieves new high of $2,988 psf

 

https://www.99.co/singapore/insider/hdb-rental-prices-singapore/

HDB rental prices and latest rental transactions in 2023

https://www.99.co/singapore/insider/new-public-housing-model-hdb-resale-price/

The impact of the new public housing model on HDB resale prices

 

Another future 'no 1mil no talk' 😉

https://sbr.com.sg/residential-property/news/experts-forecast-starting-price-550000-4-room-flats-in-tanglin-halt-development

Experts forecast a starting price of $550,000 for 4-room flats in Tanglin Halt development

 

https://stackedhomes.com/editorial/are-singapore-property-prices-finally-slowing-heres-a-snapshot-of-the-property-market-in-2023-so-far/

https://stackedhomes.com/editorial/how-hdbs-new-penalty-is-changing-the-bto-game/

 

 

 

[Kopites]

On 10/19/2023 at 3:34 PM, Mercs said:

Not only seaview, flanked by 2 upcoming MRT with close proximity to East Coast Park. Imagine if this is PTE instead of BTO how much gonna sell, so i reckon this gonna be very HOT.

$10 for toto. 👍 

Not eligible anyway. Haiz ..

[Rskc]

On 10/21/2023 at 1:35 AM, Mercs said:

https://stackedhomes.com/editorial/how-hdbs-new-penalty-is-changing-the-bto-game/

 

Finally...the truth is out. Fake queue more than anything. Heard many stories about friends' friend or relative not able to secure a flat but I just couldn't add up the math then. If they are not picky now, then no excuse why they cannot secure a bto with the massive BTOs coming up. Huat ah!

[13177]

On 10/21/2023 at 1:27 AM, Mercs said:

Why 2 room when u mentioned 3 room and above more VFM? 😉 🤣

Everyone can only BTO twice so should not waste, as mentioned prior if possible go for the biggest to future profit gao gao. Imagine if ballot lucky get a high floor sea facing 4 room, stay shiok shiok for 10 years till MOP then 'rightsize' to 2 room resale - that would be more optimal. 😉

15yr projection - 4-5 yrs build+MOP - (purchase price 600k sale price 15yrs later conservatively 1.5mil = profit 900k), use part of profits for 2 room resale est purchase price 400k balance extra 500k for travel around the world fund, win win situation. 

 

"The price range for a four-room flat in Bedok South Blossoms was S$448,000 to $587,000, and Mr Lee of Huttons Group estimated that a four-room BTO flat at Bayshore may similarly cost between S$450,000 and S$600,000. 

Mr Mak of Mogul.sg estimated that the price of a two-room flat at Bayshore would range from S$150,000 to S$290,000 and for a three-room flat, S$320,000 to S$400,000."

 

3 rm definitely more VFM, but if old liao, stay 2 rm enough liao la.

[13177]

On 10/21/2023 at 1:27 AM, Mercs said:

Why 2 room when u mentioned 3 room and above more VFM? 😉 🤣

Everyone can only BTO twice so should not waste, as mentioned prior if possible go for the biggest to future profit gao gao. Imagine if ballot lucky get a high floor sea facing 4 room, stay shiok shiok for 10 years till MOP then 'rightsize' to 2 room resale - that would be more optimal. 😉

15yr projection - 4-5 yrs build+MOP - (purchase price 600k sale price 15yrs later conservatively 1.5mil = profit 900k), use part of profits for 2 room resale est purchase price 400k balance extra 500k for travel around the world fund, win win situation. 

 

"The price range for a four-room flat in Bedok South Blossoms was S$448,000 to $587,000, and Mr Lee of Huttons Group estimated that a four-room BTO flat at Bayshore may similarly cost between S$450,000 and S$600,000. 

Mr Mak of Mogul.sg estimated that the price of a two-room flat at Bayshore would range from S$150,000 to S$290,000 and for a three-room flat, S$320,000 to S$400,000."

 

3 rm definitely more VFM, but if old liao, stay 2 rm enough liao la.

[Mercs]

On 10/21/2023 at 7:42 AM, Kopites said:

$10 for toto. 👍 

Not eligible anyway. Haiz ..

Me too haiz ... can only buy more toto 🤣

[Mercs]

On 10/21/2023 at 7:46 AM, Rskc said:

Finally...the truth is out. Fake queue more than anything. Heard many stories about friends' friend or relative not able to secure a flat but I just couldn't add up the math then. If they are not picky now, then no excuse why they cannot secure a bto with the massive BTOs coming up. Huat ah!

That should be the way all along instead of the 'chope' culture depriving of others. I see this massive BTOs as a good thing, not just to stable property prices but also bring it to a more sensible level. Hopefully now those that genuinely need a home dun have to wait too long for one. 👍🏻 huat ah!

[Mercs]

On 10/21/2023 at 3:05 PM, 13177 said:

3 rm definitely more VFM, but if old liao, stay 2 rm enough liao la.

Agree, a certain high profile did mention ... dun need a big space to have sex 😉 🤣

 

[Mercs]

 

 

 

 

 

[Mercs]

On 10/12/2023 at 1:00 AM, Mercs said:

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)