Mercs: property news & updates

[Rskc]

On 9/16/2023 at 11:22 PM, Wt_know said:

starting pay might be $4K but the jump is also fast and furious

by 30, no $10K no talk ... 

Ya man. Exactly my pt! The 29, 30 young working graduate adults now can have salary of 7~8k per person (not the 躺平 type), 16k per couple. It has doubled, compared to my era when I was 30 yr old. Hdb bto prices have not doubled all across the board. One can even find 400k+ 5 rm hdb at tengah (no longer ulu hor, got ACS there in future😉). In fact, the current batch of young working adults should do even better than the 70s, 80s batch! Note I am not referring to resale hdb. 😅

[13177]

On 9/17/2023 at 9:35 AM, Rskc said:

Ya man. Exactly my pt! The 29, 30 young working graduate adults now can have salary of 7~8k per person (not the 躺平 type), 16k per couple. It has doubled, compared to my era when I was 30 yr old. Hdb bto prices have not doubled all across the board. One can even find 400k+ 5 rm hdb at tengah (no longer ulu hor, got ACS there in future😉). In fact, the current batch of young working adults should do even better than the 70s, 80s batch! Note I am not referring to resale hdb. 😅

Confirmed and guaranteed chopped that young working graduate in their early 30s with a salary of 7-8k or some even higher. Their salary is even higher than some of those ''old'' people who are in their 40s and early 50s. This is quite depressing for ''old people''. 😅

[Mercs]

 

 

 

 

[Mercs]

As mentioned prior -2mil hdb coming

https://mustsharenews.com/tiong-bahru-flats-million/

Pre-War Tiong Bahru Flats Reportedly Selling For Up To S$2M Despite Less Than 50-Year Leases

https://www.99.co/singapore/insider/tiong-bahru-pre-war-flat-sale/

Tiong Bahru original-condition HDB flat goes for $1.12M despite remaining 42-year lease

 

 

https://mustsharenews.com/hdb-resale-prices-high/

90% Of Answers.sg Respondents Say HDB Resale Prices Are Either High Or Unaffordable

 

Flats costing over S$1 million are “ridiculous”

Another respondent, Angeline Ong, 32, said the increases in prices for larger flats have also made them unaffordable in most locations, perhaps due to high demand.

She has been looking for a four-room flat in the past month, and with their budget, Canberra and Sengkang are the only ones that meet their criteria.

“I also think it’s really ridiculous to be reading news about resale flats selling for over one million dollars,” the 32-year-old added.

“If they can afford to pay over a million dollars for an HDB flat, perhaps they shouldn’t even be buying one.”

https://www.asiaone.com/money/august-2023-sees-record-breaking-surge-million-dollar-resale-flat-transactions

August 2023 sees record breaking surge in million-dollar resale flat transactions

 

 

As mentioned prior - BTO99 for the win

https://www.asiaone.com/money/most-profitable-btos-2023-these-ulu-btos-north-made-almost-3x-its-owners

Most profitable BTOs in 2023: These ulu BTOs in the north made almost 3x for its owners

 

Five-year old resale flats to date:

3-room flats- EastCrown @ Canberra  SEMBAWANG  $284,756  179per cent

4-room flats- Marsiling Greenview      WOODLANDS   $352,000  130per cent 

5-room flats- EastLawn @ Canberra  SEMBAWANG    $368,476   107per cent

[Mercs]

https://sg.finance.yahoo.com/news/50-singaporeans-find-hard-buy-first-home-property-survey-115134561.html

50% Singaporeans find it hard to buy first home: Property survey

 

https://www.asiaone.com/money/how-buying-condo-unit-agent-resulted-huge-380k-loss-buyer

How buying a condo unit with this agent resulted in a huge $380k loss for this buyer

https://www.asiaone.com/money/why-every-singaporean-homeowner-needs-know-3-3-5-rule

Why every Singaporean homeowner needs to know the 3-3-5 rule

 

https://www.businesstimes.com.sg/property/over-3500-new-private-homes-set-be-launched-q4

Over 3,500 new private homes set to be launched in Q4

https://www.businesstimes.com.sg/property/new-prime-and-plus-flats-will-have-greater-fiscal-impact-more-subsidies-are-be-disbursed

New Prime and Plus flats will have greater fiscal impact as more subsidies are to be disbursed: Desmond Lee

 

https://www.straitstimes.com/business/economy/fed-unlikely-to-raise-rates-in-november-says-goldman-sachs

Fed unlikely to raise rates in November, says Goldman Sachs

 

https://stackedhomes.com/editorial/debunking-property-myths-how-much-does-a-bad-condo-view-really-cost-you/

https://stackedhomes.com/editorial/19-resale-hdb-flats-that-may-be-more-valuable-now-thanks-to-the-new-prime-plus-model/

 

 

 

 

[13177]

On 9/18/2023 at 12:38 AM, Mercs said:

As mentioned prior -2mil hdb coming

https://mustsharenews.com/tiong-bahru-flats-million/

Pre-War Tiong Bahru Flats Reportedly Selling For Up To S$2M Despite Less Than 50-Year Leases

https://www.99.co/singapore/insider/tiong-bahru-pre-war-flat-sale/

Tiong Bahru original-condition HDB flat goes for $1.12M despite remaining 42-year lease

 

 

https://mustsharenews.com/hdb-resale-prices-high/

90% Of Answers.sg Respondents Say HDB Resale Prices Are Either High Or Unaffordable

 

Flats costing over S$1 million are “ridiculous”

Another respondent, Angeline Ong, 32, said the increases in prices for larger flats have also made them unaffordable in most locations, perhaps due to high demand.

She has been looking for a four-room flat in the past month, and with their budget, Canberra and Sengkang are the only ones that meet their criteria.

“I also think it’s really ridiculous to be reading news about resale flats selling for over one million dollars,” the 32-year-old added.

“If they can afford to pay over a million dollars for an HDB flat, perhaps they shouldn’t even be buying one.”

https://www.asiaone.com/money/august-2023-sees-record-breaking-surge-million-dollar-resale-flat-transactions

August 2023 sees record breaking surge in million-dollar resale flat transactions

 

 

As mentioned prior - BTO99 for the win

https://www.asiaone.com/money/most-profitable-btos-2023-these-ulu-btos-north-made-almost-3x-its-owners

Most profitable BTOs in 2023: These ulu BTOs in the north made almost 3x for its owners

 

Five-year old resale flats to date:

3-room flats- EastCrown @ Canberra  SEMBAWANG  $284,756  179per cent

4-room flats- Marsiling Greenview      WOODLANDS   $352,000  130per cent 

5-room flats- EastLawn @ Canberra  SEMBAWANG    $368,476   107per cent

Less Than 50-Year Leases at tiong baru still can sell $2m, who say old HDB flats left with short lease become no value? And who say cannot buy 40 year old plus old HDB flat and after staying for 20 years, flat no value? 😅

Resale BTO flat in ulu location still can profit 3x for owners? No wonder like i said before, die die also must buy a brand new BTO flat no matter in which location, no matter how big the BTO flat is, and no matter need to wait for how many years. Then after stayed 5-10 years, sell and profit gao gao. 😂

[Mercs]

On 9/19/2023 at 8:35 AM, 13177 said:

Less Than 50-Year Leases at tiong baru still can sell $2m, who say old HDB flats left with short lease become no value? And who say cannot buy 40 year old plus old HDB flat and after staying for 20 years, flat no value? 😅

Resale BTO flat in ulu location still can profit 3x for owners? No wonder like i said before, die die also must buy a brand new BTO flat no matter in which location, no matter how big the BTO flat is, and no matter need to wait for how many years. Then after stayed 5-10 years, sell and profit gao gao. 😂

Haha, if less lease equate to more expensive, then next time after stay another 20yrs with less than 30yr lease remaining just sell for 3mil lor, no worries buy high sell higher! 🤣 Those buyers are a special breed, the type with money to burn. 🤣

It's a given buy BTO sure make just a matter of how much, after stay 5-10yrs sell to upgrade or even stay 30-40yrs also no issue, by then should be retired time to rightsize, take the profit gao gao pay for a smaller unit which is then FOC. 😉

 

[Mercs]

On 9/17/2023 at 1:41 AM, Mercs said:

Those are just some very basic options with little to no risk involved, if wanna talk invest meaning with some risks can easily get above 4% and upwards. Or even just park at FD also sure can get higher than hdb loan int for now. Haha true that rich get richer but it's no secret that need money to make more money. 🤣

 

Agree, full paid own stay property feeling is very shiok no burden. That said, say you have 500k to full paid BTO, option 1 would be to do just exactly that or option 2, max out with HDB loan and park the funds elsewhere for better returns, the higher int more than enough to offset the hdb loan int making it effectively 0% loan while still having some extra pocket change for cai png, with peace of mind knowing that those are ready funds that can be deployed at any time, as and when if the int rate situation do change can no longer get higher than hdb loan int rate elsewhere, can just showhand fully redeem.

Just 1 yr alone the extra few k, 10yrs would be 40-60k, 20yrs later in the 100k range, can full paid for no worries, or do it 10-20yrs later with extra 50-100k in the bank. 😉

That's why it's diff strokes diff folks, same same but different.

Ya, invest property diff ball game altogether, depending at what stage of life (age) approach would be diff to min risk max potential. 

 

 

https://rhbgroup.com.sg/rhb/personal/promotions/fixed-deposit-campaign

12-month  3.60%  Premier 3.68%  Min 20,000

 

[Mercs]

https://sbr.com.sg/residential-property/news/5-in-10-singaporeans-struggle-buy-their-first-home

5 in 10 Singaporeans struggle to buy their first home

https://sbr.com.sg/residential-property/news/are-singaporean-investors-coming-terms-rising-property-taxes

Are Singaporean investors coming to terms with rising property taxes?

https://sbr.com.sg/commercial-property/news/sg-real-estate-posts-annual-growth-rate-42

SG real estate posts annual growth rate of 4.2%

 

https://www.99.co/singapore/insider/million-dollar-hdb-resale-flats/

Million-dollar HDB resale flats: What’s the hype and how it’s impacting you?

 

https://www.edgeprop.sg/property-news/four-projects-central-september-bto

Four projects in Central for September BTO

 

https://www.asiaone.com/money/debunking-property-myths-how-much-does-bad-condo-view-really-cost-you

Debunking property myths: How much does a 'bad' condo view really cost you?

 

https://stackedhomes.com/editorial/5-of-singapores-worst-google-rated-condos-are-they-really-that-bad/

https://stackedhomes.com/editorial/debunking-property-myths-how-much-does-a-bad-condo-view-really-cost-you/

 

 

 

[Mercs]

https://www.edgeprop.sg/property-news/foundonedgeprop-hdb-flats-record-breaking-asking-prices

FoundOnEdgeProp: HDB flats with record-breaking asking prices

https://www.edgeprop.sg/property-news/midtown-bay-clinches-new-high-4086-psf

Midtown Bay clinches new high of $4,086 psf

https://www.edgeprop.sg/property-news/three-bedder-country-grandeur-sold-18-mil-profit

Three-bedder at Country Grandeur sold at $1.8 mil profit

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-sept-5-12-done-deals

Residential transactions with contracts dated Sept 5 to 12 [DONE DEALS]

 

https://www.asiaone.com/money/50-affordable-freehold-landed-homes-3m-singapore-where-find-them

50 affordable freehold landed homes from $3m in Singapore: Where to find them

 

https://www.channelnewsasia.com/singapore/prc-foreigner-sublet-5-room-flat-serangoon-prison-officer-trial-3788526

Foreigner on trial for subletting to multiple tenants a flat he rented from a prison officer

 

https://www.businesstimes.com.sg/property/singapore-residential-property-fairly-valued-ubs

Singapore residential property ‘fairly valued’: UBS

 

 

 

 

[Mercs]

 

 

 

 

HDB owners huat ah!   anywhere also 'no 1mil no talk' 🤣

https://www.edgeprop.sg/property-news/bukit-panjang-records-first-million-dollar-hdb-flat-jelebu-road

Bukit Panjang records first million-dollar HDB flat at Jelebu Road

 

"In September, a 127 sq m (1,367 sq ft) executive apartment on levels 28 to 38 of Block 181 Jelebu Road changed hands in a resale for $1.02 million ($746 psf). It was the first HDB flat in Bukit Panjang to cross the $1 million mark"

 

https://www.asiaone.com/money/19-resale-hdb-flats-may-be-more-valuable-now-thanks-primeplus-model

19 resale HDB flats that may be more valuable now (thanks to the Prime/Plus model)

 

 

[Dp26]

BP also reached 1m 

 

much faster than expected … 

[Dp26]

BP also reached 1m 

 

much faster than expected … 

[Mercs]

https://www.asiaone.com/money/first-million-dollar-flat-sold-bukit-panjang-residents-now-excited-about-future-value-their

First million-dollar flat sold in Bukit Panjang; residents now excited about future value of their flats

https://www.asiaone.com/money/housing-market-has-left-overvalued-territory-ubs-expects-home-price-growth-moderate-rents

'Housing market has left overvalued territory': UBS expects home price growth to moderate, rents to fall

 

https://stackedhomes.com/editorial/why-i-bought-a-property-in-australia-a-singaporean-shares-her-experience-on-what-its-like-to-invest-in-adelaide/

https://stackedhomes.com/editorial/making-1-million-dollars-in-profit-from-an-hdb-why-pinnacle-duxton-may-be-the-most-unique-property-in-singapore/

 

 

 

[Mercs]

Just like COE ... new normal for HDB ... 'no 1mil no talk'

https://www.asiaone.com/money/making-1m-dollars-profit-hdb-why-pinnacle-duxton-may-be-most-unique-property-singapore

Making $1m dollars in profit from an HDB: Why Pinnacle @ Duxton may be the most unique property in Singapore

https://www.edgeprop.sg/property-news/pinnacle-duxton-unit-fetches-1393939-million-2nd-highest-psf-hdb-flats

Pinnacle @ Duxton unit fetches $1.393939 million, 2nd-highest psf for HDB flats

 

"Last month, a 4-room 1,011-sqft unit at block 1B Cantonment Road set a new record for the highest-ever per-square-foot (psf) price for a resale HDB flat, selling for $1,394 psf. The unit was sold for $1.41 million.

This month, another 4-room unit of equivalent size in block 1A Cantonment Road followed suit, achieving the second-highest PSF ever recorded at $1,378 psf."

 

UP UP and away!

https://www.srx.com.sg/research/64631/condo-resale-prices-increase-volume-rise-slightly-in-august-2023

Condo Resale Prices Increase; Volume Rise Slightly in August 2023

 

https://www.99.co/singapore/insider/august-resale-condo-2023/

August resale condo 2023: Price fluctuations, expert opinions & market outlook

 

https://stackedhomes.com/editorial/the-best-and-worst-performing-hdb-estates-in-2023-where-does-yours-rank/

 

[Kopites]

On 9/19/2023 at 8:35 AM, 13177 said:

Less Than 50-Year Leases at tiong baru still can sell $2m, who say old HDB flats left with short lease become no value? And who say cannot buy 40 year old plus old HDB flat and after staying for 20 years, flat no value? 😅

Resale BTO flat in ulu location still can profit 3x for owners? No wonder like i said before, die die also must buy a brand new BTO flat no matter in which location, no matter how big the BTO flat is, and no matter need to wait for how many years. Then after stayed 5-10 years, sell and profit gao gao. 😂

Do note those things Bahru doesn't come with elevator. So can strike off those elder demographic as buyer. 

[13177]

On 9/27/2023 at 12:19 AM, Mercs said:

Just like COE ... new normal for HDB ... 'no 1mil no talk'

https://www.asiaone.com/money/making-1m-dollars-profit-hdb-why-pinnacle-duxton-may-be-most-unique-property-singapore

Making $1m dollars in profit from an HDB: Why Pinnacle @ Duxton may be the most unique property in Singapore

https://www.edgeprop.sg/property-news/pinnacle-duxton-unit-fetches-1393939-million-2nd-highest-psf-hdb-flats

Pinnacle @ Duxton unit fetches $1.393939 million, 2nd-highest psf for HDB flats

 

"Last month, a 4-room 1,011-sqft unit at block 1B Cantonment Road set a new record for the highest-ever per-square-foot (psf) price for a resale HDB flat, selling for $1,394 psf. The unit was sold for $1.41 million.

This month, another 4-room unit of equivalent size in block 1A Cantonment Road followed suit, achieving the second-highest PSF ever recorded at $1,378 psf."

 

UP UP and away!

https://www.srx.com.sg/research/64631/condo-resale-prices-increase-volume-rise-slightly-in-august-2023

Condo Resale Prices Increase; Volume Rise Slightly in August 2023

 

https://www.99.co/singapore/insider/august-resale-condo-2023/

August resale condo 2023: Price fluctuations, expert opinions & market outlook

 

https://stackedhomes.com/editorial/the-best-and-worst-performing-hdb-estates-in-2023-where-does-yours-rank/

 

No need Pinnacle @ Duxton is the most unique property in Singapore. Now everywhere also become unique property.

[13177]

On 9/27/2023 at 6:33 AM, Kopites said:

Do note those things Bahru doesn't come with elevator. So can strike off those elder demographic as buyer. 

No need to have elder demographic as buyer also can sell lo.