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therock

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therock

therock

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A lot of action and upgrading:

https://www.straitstimes.com/business/invest/where-hdb-upgraders-are-moving-to

Quote

New suburban and city-fringe condominiums

HDB upgraders have been boosting the prices and demand for new condominiums.

Urban Redevelopment Authority (URA) data shows that buyers with HDB addresses bought more than 68,000 new private homes, including ECs, over the last 10 years (2011 to 2020).

Of this number, around 50,000 units or 73.6 per cent were non-ECs. This figure may be higher as 14,354 caveats did not indicate a purchaser address.

Over the last decade, most HDB upgraders bought private homes in the suburban region. About 70 per cent of new condo sales were mass-market homes in the OCR or Outside Central Region.

But an increasing number of HDB upgraders are moving into the Rest of Central Region (RCR) in recent years. From 2011 to 2019, 26.7 per cent of HDB upgraders bought new condominiums in the RCR. This proportion rose to 37.3 per cent last year.

The housing affordability of HDB upgraders has been increasing over the years. From 2011 to 2019, the median price that HDB upgraders paid for a new suburban condo was $1,152 per square foot (psf) and $1,534 psf for a new city-fringe condo. Prices rose to $1,522 psf and S$1,783 psf respectively last year.

HDB upgraders' new condo hot spots last year were Tampines, Clementi, Geylang, Serangoon, Bukit Timah and Hougang.

The most popular new suburban condominiums among HDB upgraders last year were Treasure at Tampines (266 units), The Garden Residences (152 units), The Florence Residences (126 units), Clavon (115 units) and Parc Clematis (113 units). The most popular new city-fringe condominiums were JadeScape (117 units), Penrose (115 units), Parc Esta (95 units), Stirling Residences (72 units) and Daintree Residence (56 units).

Resale condominiums

More HDB upgraders are turning to the resale market as new home prices have been holding firm despite the pandemic. Further, there are fewer mega launches in the mass-market segment and many launched projects have been paring down unsold stock.

Therefore, some buyers may not have found suitable units and have turned to the resale market. Last year, 4,486 private resale homes were bought by HDB upgraders, or 42.7 per cent more than the number sold in 2019. Of this number, 18.5 per cent were resale ECs.

Compared with new condos, prices of resale condos have been climbing more gradually. HDB upgraders paid a median price of $1,157 psf for resale condos last year, higher than the $1,040 psf recorded from 2011 to 2019. Currently, the price gap between new and resale condos remains wide. The price disparity indicates a good upside potential for many resale condos, and some are currently "undervalued".

The most popular resale condominiums among HDB upgraders last year were High Park Residences ($1,232 psf), The Minton ($1,060 psf), Parc Rosewood ($1,068 psf), Sims Urban Oasis ($1,554 psf) and Ripple Bay ($1,000 psf). The most popular resale ECs were Twin Waterfalls, Blossom Residences, The Rainforest and 1 Canberra.

 

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Staff69

Staff69

Hypersonic
(edited)
37 minutes ago, Thaiyotakamli said:

Didn’t know t2 is a tiong😆😆😆

Don't care black tiong or white tiong 

 

Got monies to spend is a good tiong

 

 

Signed 

Singapore 🤣🤣🤣🤣

 

 

Maybe buyer from sincere 🤭🤭🤭🤭

 

https://www.google.com/amp/s/www.ig.com/en/news-and-trade-ideas/cdl-shares-tumble-after-third-director-quits-over-sincere-invest-210104.amp

Edited by Staff69
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Mm63

Mm63

1st Gear
On 3/22/2021 at 10:25 PM, Mm63 said:

Landed market seems to be very hot these past few months. Don't know if other house hunters here experienced the same thing? 2 houses I saw were sold in less than a week of being up on propertyguru. Even the agents I spoke to are puzzled as to the reason behind this surge.

https://www.straitstimes.com/business/property/singapore-private-home-prices-jump-29-in-q1-stoking-cooling-measures-talk

"Meanwhile, the prices of landed properties climbed 5.6 per cent in the first quarter, reversing from a 1.6 per cent fall in the previous quarter."

My observation is confirmed by the latest URA statistics

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therock

therock

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I'm sure everyone has read about the man who paid 160k COV...
I wonder if it was a FOMO panic buy moment.. 

And what options does he have if he decides to not go head or is he stuck with the purchase? Any legal recourse? 

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therock

therock

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image.thumb.png.8f97a901f8a5a30b5e478dcd17347eda.pnghttps://www.straitstimes.com/singapore/4-escape-fire-in-kovan-unharmed?&utm_source=facebook&utm_medium=social-media&utm_campaign=addtoany&fbclid=IwAR1pTWDt2EMVA9jr1HMy8Iec8mVFLqsVDOZJbyp40srVCyRGto3tPXeD48I

 

Interesting that this DB at the porch caught fire... I wonder if it's charging something? 

 

Quote

SINGAPORE - A fire broke out on Sunday (April 4) morning at a private housing estate in Kovan, forcing a family of four to flee their home.

A spokesman for the Singapore Civil Defence Force (SCDF) said on Monday that it was alerted to the fire at 38 Charlton Lane at about 8.40am.

SCDF officers put out the fire using a water jet and a fire extinguisher, added the spokesman.

He also said that four people evacuated the unit before SCDF officers arrived, adding that no injuries were reported.

A video uploaded to Facebook page All Singapore Stuff showed a fire engine parked outside the house, with firefighters preparing hoses on the road. Fire could be seen near the front door of the house.

The blaze then suddenly grew in intensity for a few seconds, engulfing the ceiling and sending sparks flying.

Chinese evening daily Lianhe Wanbao reported on Monday that the fire was suspected to have started in an electric box located in front of the house.

 

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therock

therock

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https://www.straitstimes.com/singapore/thomson-road-building-to-be-demolished-owners-of-residential-units-left-stunned-by-sudden

Is 3 mil a 'fair shake..

 

Quote

News that a building in Thomson Road will be demolished to allow nearby excavation works to be carried out safely came as a shock to the owners of the 12 residential units there.

For months, they and their tenants had engaged with the authorities about the need to vacate the building temporarily as its foundation had to be strengthened to withstand the impact from the construction of an underground tunnel for the upcoming North-South Corridor.

All had moved out by February, but the expectation was that in two years, they would be able to return to their units or lease them out again.

 

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Old-driver

Old-driver

5th Gear
3 hours ago, Dp26 said:

Ah gong say what they want. Land acquisition act for them is really powerful. 
 

 

Freehold also no use.

Hope they get a reasonable payout.

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Kyrios

Kyrios

Turbocharged

Mebbe some of these old folks are regretting their 2020 GE decision now..😆

According to that interviewee...the MIW played 2 cards..on one hand send a team to reassure the owners..on the other deployed another to secretly do calculations to substantiate their decision to acquire..how to trust such pple?

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Throttle2

Throttle2

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Those landed by main road side all at risk, muayhaha. want to buy landed, buy inside a proper estate not some small leftover plot by main road becos in time to come sure kena chased away

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therock

therock

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(edited)

I was looking at 6th Ave before, glad I didn't do it..

I wonder if there are other areas like that, Frankel Ave perhaps?

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therock

therock

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(edited)

 

I think the houses next to the Catholic Church near Thomson Plaza were affected too, probably took a few metres/feet off their land..

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Mkl22

Mkl22

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7 minutes ago, Throttle2 said:

Those landed by main road side all at risk, muayhaha. want to buy landed, buy inside a proper estate not some small leftover plot by main road becos in time to come sure kena chased away

Those landed at sin Ming were also unfortunate due to the same NS corridor. One had expected safety in numbers but in the end also Kenna. 

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