Singapore Property Scene Discussion

[Alfc]

On 7/17/2024 at 9:38 AM, Ginyu said:

A reset is necessary for the benefits of many. Those who bought high , keep defending that it will never go down. It is good as saying the country gg🤣

I agree too, for the sake of a country as a whole rather than the benefit of a handful of elitist.

For this, I can see long-term benefits for what China had done to poke their property bubble from a socialist angle.   

[inlinesix]

On 7/17/2024 at 1:45 PM, Alfc said:

I agree too, for the sake of a country as a whole rather than the benefit of a handful of elitist.

For this, I can see long-term benefits for what China had done to poke their property bubble from a socialist angle.   

China Property is 30% of GDP.  Poke and whole country died

[Throttle2]

On 7/17/2024 at 4:39 PM, inlinesix said:

China Property is 30% of GDP.  Poke and whole country died

No Guts

No Glory

[Wt_know]

no $600K peanut no talk .... huat ah!!!

Edited July 21 by Wt_know

[Sturtles]

On 7/18/2024 at 8:16 AM, Throttle2 said:

No Guts

No Glory

And they are communist.

Imagine they had an American system.

Tibet will be owned by capitalists and Dalai Lama will be collecting tithes

[macrosszero]

On 7/16/2024 at 11:37 AM, Windwaver said:

To a certain extend yes for some people.

My pantry aunty aunty bought her 3 room flat in Marine Parade for $10K, yes, it's $10,000.

Now selling for $400K to $600K.

Pretty good even if you add inflation and other minor expenses.

Sell and live under LTA flyover ah? 

[Windwaver]

On 7/21/2024 at 3:38 PM, macrosszero said:

Sell and live under LTA flyover ah? 

Just buy those short lease flats in the upcoming Greater Southern Waterfront district.

Consider upgrade 

[Windwaver]

https://www.edgeprop.sg/property-news/five-room-flat-skyoasis-dawson-sets-new-hdb-resale-record-173-mil

Five-room flat at Skyoasis @ Dawson sets new HDB resale record of $1.73 mil

A premium five-room HDB flat at Skyoasis @ Dawson, on Margaret Drive, has set a new HDB resale record when the 1,195 sq ft unit was sold for $1.73 million on June 26. The selling price translates to $1,444 psf.

According to a press release issued by ERA Realty on July 22, the record-breaking sale was facilitated by Faith Wong, senior marketing director at ERA Realty.

This record-breaking sale trumps the previous record price in the HDB resale market, which was set just last month when a 1,236 sq ft, five-room unit at City Vue @ Henderson changed hands for $1.588 million ($1,285 psf). In April, a five-room flat at Tiong Bahru View, at 9B Boon Tiong Road, was transacted for $1.588 million ($1,317 psf).

According to Wong, the record-breaking unit at Skyoasis @ Dawson is a corner unit on the 45th floor, and the sellers were a local family. She adds that the unit had only been on the market for just under a month before it was sold.

Despite its initial asking price of $1.838 million, the property saw competing bids by two sets of motivated buyers before finally closing at a price of $1,725,888, says Wong.

She adds that the buyers are a family with young children that appreciated the unit’s attributes such as space, modern amenities nearby and strategic location. “For a private property in this area of this size and age, you would typically expect to pay around $3 million,” says Wong.

Notably, the unit sold was only 3.5 years old with 96 years remaining on its 99-year lease. The property’s status as a replacement flat under the Selective En bloc Redevelopment Scheme (SERS) allowed the owners to sell the unit after seven years from registration, or five years from the date of key collection – whichever is earlier, explains Eugene Lim, key executive officer at ERA.

Typically, new Build-to-Order (BTO) units require a mandatory occupancy period of five years from key collection before owners are permitted by the HDB to sell their flats on the secondary market.

Completed in 2021, Skyoasis @ Dawson is a 1,192-unit HDB estate in District 3. It comprises of six residential blocks ranging from 26- to 45-storeys in height and houses two- to five-room flats. The project is within walking distance of Queenstown MRT on the East-West line and adjacent to Queenstown Primary School on Margaret Drive.

 

[Dp26]

Huat ah! 

[therock]

HDB flats are a good option for those downgrading from old condo that sellers cash out from 

I can’t see as much enthusiasm for new large condos which cost two or three times more 

the market isn’t red hot but this segment seems to be hitting new highs again 😮 

[Fcw75]

On 7/22/2024 at 6:00 PM, Windwaver said:

https://www.edgeprop.sg/property-news/five-room-flat-skyoasis-dawson-sets-new-hdb-resale-record-173-mil

Five-room flat at Skyoasis @ Dawson sets new HDB resale record of $1.73 mil

A premium five-room HDB flat at Skyoasis @ Dawson, on Margaret Drive, has set a new HDB resale record when the 1,195 sq ft unit was sold for $1.73 million on June 26. The selling price translates to $1,444 psf.

According to a press release issued by ERA Realty on July 22, the record-breaking sale was facilitated by Faith Wong, senior marketing director at ERA Realty.

This record-breaking sale trumps the previous record price in the HDB resale market, which was set just last month when a 1,236 sq ft, five-room unit at City Vue @ Henderson changed hands for $1.588 million ($1,285 psf). In April, a five-room flat at Tiong Bahru View, at 9B Boon Tiong Road, was transacted for $1.588 million ($1,317 psf).

According to Wong, the record-breaking unit at Skyoasis @ Dawson is a corner unit on the 45th floor, and the sellers were a local family. She adds that the unit had only been on the market for just under a month before it was sold.

Despite its initial asking price of $1.838 million, the property saw competing bids by two sets of motivated buyers before finally closing at a price of $1,725,888, says Wong.

She adds that the buyers are a family with young children that appreciated the unit’s attributes such as space, modern amenities nearby and strategic location. “For a private property in this area of this size and age, you would typically expect to pay around $3 million,” says Wong.

Notably, the unit sold was only 3.5 years old with 96 years remaining on its 99-year lease. The property’s status as a replacement flat under the Selective En bloc Redevelopment Scheme (SERS) allowed the owners to sell the unit after seven years from registration, or five years from the date of key collection – whichever is earlier, explains Eugene Lim, key executive officer at ERA.

Typically, new Build-to-Order (BTO) units require a mandatory occupancy period of five years from key collection before owners are permitted by the HDB to sell their flats on the secondary market.

Completed in 2021, Skyoasis @ Dawson is a 1,192-unit HDB estate in District 3. It comprises of six residential blocks ranging from 26- to 45-storeys in height and houses two- to five-room flats. The project is within walking distance of Queenstown MRT on the East-West line and adjacent to Queenstown Primary School on Margaret Drive.

 

Godspeed next generation!

[therock]

Pricey

https://www.businesstimes.com.sg/property/extremely-unaffordable-private-home-prices-main-obstacle-hdb-upgraders-propnex-survey?utm_source=facebook&utm_medium=social-organic&fbclid=IwZXh0bgNhZW0CMTEAAR0UXdptK5g_lHg6hvQ71gS8z6ZgllgyBYacPbQJ06CTuvGqoBNV7nw5F58_aem_RlnkO4ud-1LGD-7WG6Zq9A

 

maybe cooling measures are working 

[Kopites]

On 7/22/2024 at 6:20 PM, Fcw75 said:

Godspeed next generation!

That will be the benchmark for surrounding blocks/units. 

 

[13177]

On 7/22/2024 at 6:15 PM, therock said:

HDB flats are a good option for those downgrading from old condo that sellers cash out from 

I can’t see as much enthusiasm for new large condos which cost two or three times more 

the market isn’t red hot but this segment seems to be hitting new highs again 😮 

Hdb resale price reaching $2mill soon. This hdb seller asking $1.8mill and can closed deal at $1.7mill, these downgraders from private to hdb really ‘spoilt market’ lo.

I think the initial price of this 5 rm flat should be around $600k plus. And the owner really profit until siao at $1.7mill!

Edited July 22 by 13177

[Khng8]

@13177 not only the profit quantum but the time taken to earn that profit. If this is not lottery effect, I don’t know what is.

And how is this good for the country?

That high resale prices translate to higher BTO prices which needs more tax payers $ to subsidise new BTO buyers.

[13177]

On 7/22/2024 at 9:42 PM, Khng8 said:

@13177 not only the profit quantum but the time taken to earn that profit. If this is not lottery effect, I don’t know what is.

And how is this good for the country?

That high resale prices translate to higher BTO prices which needs more tax payers $ to subsidise new BTO buyers.

True, i don’t know what is good to have hdb resale selling at millions, esp high millions?! 

[Wt_know]

no $2M no talk !!! 

 

[Kopites]

On 7/22/2024 at 10:51 PM, Wt_know said:

no $2M no talk !!! 

 

What is plus, prime and standard? New bto sizes?