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Newsletter [May 2024]

Government Land Sale

* Zion Road (Parcel B)

* Holland Drive

* Bukit Timah Turf City

HDB

* Million-dollar HDB Flats & HDB Market Trends

* New HDB Resale Flat Listing Portal for Owners

29 May 2024

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Newsletter [Mar 2024]

Market

* 7 Stations at East Coast TEL opens on 23rd June

* Condo Rental Market declines in Feb

* FED Signals rate cuts in 2024

* Land Betterment Charges Raised

New Projects

* Cuscaden Reserve Sales

* Lentoria Sales

* Lentor Mansion Sales

Land Sales & Enbloc

* 2 River Valley GLS Sites up for Grabs

26 Mar 2024

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Newsletter [Dec 2023]

Market

* Private Market Outlook 2024

* Private Housing Rents 2024

* Property Taxes for 2024

Land Sales & Enbloc

* First Private Housing Site in Bayshore

HDB

* Dec 2023 BTO Launch

* Surge in Million-Dollar Flats in 2023

* Occupancy Limit increases to 8 persons from Jan 22

New Projects

* Hillhaven

* The Arcady at Boon Keng

* Lumina Grand EC

27 Dec 2023

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Newsletter [Sep 2023]

Market

* Land Betterment Charges

* Singapore Luxury Residential Sales

* August New Private Home Sales

New Projects

* Altura EC

Land Sales & Enbloc

* Lorong 1 Toa Payoh

* Plantation Close EC $703 psf ppr

* Champions Way $904 psf ppr

* Lentor Central $982 psf ppr

* Pine Grove 4th Enbloc Attempt $1.95 billion

26 Sep 2023

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Newsletter [Jun 2023]

Market

* New Private Home Sales

* 1 & 2 Bedroom Performance

* Private Rental Market

* Mortgagee Sales

* Singapore Turf Club

New Projects

* Lentorhills Residences

* Grand Dunman

* The Lakegarden Residences

23 Jun 2023

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Newsletter [Apr 2023]

Market

* Industrial Sales

* Auction Market

New Projects

* Tembusu Grand

* The Continuum

* The Reserve Residneces

* Newport Residence

* Lentor Hills Residence

Land Sales & Enbloc

* Lentor Gardens

23 Apr 2023

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Budget 2023

The Singapore government is introducing measures to make public housing more affordable and accessible for young families buying their first homes. This includes an increase in the CPF Housing Grant for eligible first-time buyers, as well as giving greater priority during BTO applications to First-Timer families with children and young married couples aged 40 years and below who are buying their first home.

The Singapore government has announced an increase in Buyer's Stamp Duty (BSD) rates for higher-value residential and non-residential properties. [...]

14 Feb 2023

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Newsletter [Nov 2022]

Singapore Headline Inflation eases to 6.7%, down from 7.5% in September. New Home Sales plunge in October by 68.4%, down to 312 units sold by developers.

Tenet drew 5,000 visitors on preview week, Sceneca Residence to launch in Jan-2023. 8 Upcoming launches for 1Q 2023.

Bukit Timah Link & Hillview Rise closed with 5 & 4 Bidders respectively in latest GLS Programme.

People's Park Centre Re-launched for Collective [...]

25 Nov 2022

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URA Revised Guideline

URA Introduced a new guideline on 18th Oct to stop the increasing number of shoebox units of non-landed private residential properties in the Central Region.

With effect of 18 Jan 2023, all flats and condominiums in the Central area, as well as the residential component of commercial and mixed-use developments will be required to provide a minimum 20% of dwelling units with a net internal area of at least 70 sqm. Similar to the size of a 2 bedroom unit.

The Central area covers 11 planning areas including Outram, Newton, River Valley, Marina South [...]

18 Oct 2022

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Newsletter [Sep 2022]

An anomaly in the market, Price Gaps of Homes in the CCR, RCR & OCR have been narrowing since April 2022.

Six more MRT stations will be built in Phase 2 of the Cross Island Line (CRL). Spanning 15km, the stations will improve connectivity for residents in the west such as Sunset Way & West Coast, which are currently not served by ay MRT Lines.

Lentor Modern 85% sold on Launch day as 1 & 2 bedroom types are fully sold out. Copen Grand under the spotlight as OCR Developments inch [...]

25 Sep 2022

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Newsletter [May 2022]

Singapore Government has closed an existing Loophole on the transfer of Residential Property into Living Trust. 35% ABSD will now be payable upfront, and the difference refunded within 6 months.

Find out why more people are buying into OCR & RCR instead of Properties in the CCR region and why the Gap is closing up.

Piccadilly Grand & Liv@MB sees more than 77% and 79% sold on launch day. Landed property prices surged by 13.3% in 2021, the fastest price increase over the past decade. [...]

27 May 2022

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Newsletter [Feb 2022]

Singapore Property Market to emerge as winner in South East Asia as peers in region races to vaccinate its population. Budget 2022 was delivered on 18 Feb. Of all Market Segments, Luxury Properties to take the biggest hit.

Jalan Tembusu site & Lentor Hills (Parcel A) site tender results shows signs of market optimism slowing down amidst cooling measures, despite dwindling Supply.

Feb 2022 BTO launches. 6 Projects in 4 Estates. Yishun to be the cheapest launch with the shortest wait time of 3 years. [...]

24 Feb 2022

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Cooling Measures 2021

The Government announced a package of measures to cool the private residential and HDB resale markets.

 

With effect from 16 December 2021, ABSD will be raised, and TDSR threshold will be tightened. The Government will also tighten the LTV limit for loans from HDB from 90% to 85%. In addition, the Government will increase public and private housing supply to cater to demand.

ABSD will be increased to 17% for Singapore Citizens purchasing their 2nd Residential Property and 25% for their 3rd Residential Property.

[...]

16 Dec 2021

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Everything you need to know about Primary School Registration

Mastering the ins & outs of P1 Registration - your roadmap to securing that golden ticket for your little one.

* When does P1 Registration Start?

* School Vacancies

* How distance affects priority admission

* Address used for school registration

* 30-month stay requirement

* How to prepare for P1 Registration?

7 May 2024

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Newsletter [Feb 2024]

Market

* Budget 2024

* Market Trends 2024

New Projects

* Lentoria

* The Hill at One-North

* Ardor Residence

* Lentor Mansion

Land Sales & Enbloc

* Orchard Boulevard

* Plantation Close EC

* Marina Gardens Crescent (Rejected)

* Pine Grove (5th Enbloc Attempt)

23 Feb 2024

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Newsletter [Nov 2023]

Market

* Easing Residential Property Rents in October

New Projects

* Watten House 57% Sold at $3,230 psf average

* J'den 88% Sold at $2,451 psf average

* Hillock Green 28% Sold at $2,108 psf average

Land Sales & Enbloc

* Toa Payoh Lor 1

* Clementi Ave 1

* Pine Grove (Parcel B)

* Villa Des Flores on Collective Sale

HDB

* Resale Market Rebound in October

* Future BTOs in Pearl's Hill

22 Nov 2023

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Newsletter [Aug 2023]

Market

* New Private Home Sales

* New HDB Classification

New Projects

* The Arden

* Orchard Sophia

* TMW Maxwell

* The Lakegarden Residences

* Altura EC

Land Sales & Enbloc

* Pine Grove (Parcel B)

* Clementi Avenue 1

26 Aug 2023

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Newsletter [May 2023]

Market

* Market Trends

* New Home Sales

* Resale Market

* HDB Resale Market Trends

New Projects

* The Reserve Residences

* The Myst

* Pinetree Hill

* The Continuum

* Blossoms by the Park

HDB

* New Flat Eligibility (HFE) Process

21 May 2023

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Newsletter [Mar 2023]

Market

* Global Market Outlook

* Interest Rates

* Rental Market

New Projects

* Tembusu Grand

* The Continuum

* Newport Residence

HDB

* New Penalty for BTO applicants

* HDB Prices

24 Mar 2023

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Newsletter [Jan 2023]

Market

* Macro Trends

* Private Property Market Trends

* HDB Market Trends

New Projects

* Tenet EC

* Sceneca Residence

Land Sales & Enbloc

* Mandarin Gardens 4th Attempt

HDB

* Record Price in Punggol

27 Jan 2023

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Borrowing Stress-Test to 4.5%

With immediate effect, major banks including HSBC, DBS & OCBC have increased their borrowing stress-test to 4.5% from the previous 4%.

Private Property Buyers will experience a decrease in loan amount for the same income. This also means an increase of 3% to 6% income requirement for the same loan amount.

This move came earlier than expected as the latest round of adjustments made by the government was on 30 September 2022. In the previous round of Cooling Measures [...]

15 Nov 2022

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Cooling Measures 2022

Joint Press Release by MAS, MND & HDB. New Cooling measures to promote sustainable conditions in the property market by ensuring prudent borrowing and moderating demand.

Borrowing Stress-test to increase from 3.5% to 4%. This will apply to loans granted by private financial institutions. HDB Loans to introduce 3% stress-test, while fixed interest rate of 2.6% remains unchanged.

Loan-to-Value (LTV) for Housing loans will be reduced from 85% to 80%. A 15-month wait-out period will be imposed for Private Residential [...]

30 Sep 2022

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Newsletter [Aug 2022]

70.9% Surge in New Home Sales in the month of August. OCR sales driven by launch of AMO Residence which sold 98% on the first day of the launch. 40% of transactions in OCR sales crossed $2 million mark.

7,219 BTOs completed in the first half of 2022, 15% more over the same period last year.

Singapore household net work grew by 55% from 2014 to 2021. According the HSBC, Singapore will surpass Australia to have the highest share of millionaires by 2030.  [...]

24 Aug 2022

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Newsletter [Apr 2022]

Post-Cooling Measures, Private Non-Residential Market buyers adopted a wait-and-see approach.

HDB Resale Price index grew 12% YoY. Despite lower transaction volumes, 82 flats were sold for at least $1 million, 6 were sold above $1.3 million.

Piccadilly Grand saw 5,400 visitors on Preview Weekend. Liv@MB launch draws near.

 

Golden Mile Complex, Lakepoint and International Plaza Re-launched for Collective Sale at $800 million, $640 million and $2.7 billion respectively. [...]

26 Apr 2022

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Newsletter [Jan 2022]

2021 has been an EXCITING YEAR for the property market. With New Launches selling like hotcakes and Resale HDB prices recovering at great speed. 

While HDB prices have reached an all-time high, more negative sales were also recorded over the same period. That is alarming news for HDB owners that are still hesitant to reorganise their portfolio in a highly-liquid market.

Looking back at 2021, we know that it is almost impossible to replicate what happened. With fears of possibly having another round of cooling measures. Both Buyers and Sellers take a wait-and see approach as GLS have been moderated to keep up [...]

28 Jan 2022

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Newsletter [Nov 2021]

Canninghill Piers sold 528 out of 696 units (77%) on launch day with a total sales valued at over $1.18 billion and an average psf of $3,000.

Demand for Four-room flats in the first BTO project under the new PLH model have been strong, with an overall application rate of 10.3 per unit in the first week of the launch, mainly driven by second timers.

Stamp Duty collected rose sharply from $1.2 billion in 2020 to $3.22 billion in 2021. Over the same period, due to strong demand in the Private Property Market.

[...]

27 Nov 2021

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Newsletter [Apr 2024]

Market

* Real Estate Market Statistics 2024 Q1

* Developer Sales March 2024

New Projects

* Residences at W Sentosa

* SORA

Land Sales & Enbloc

* Zion Road (Parcel A)

* Upper Thomson (Parcel B)

* Canberra Crescent & De Souza Avenue

HDB

* HDB Market Trends

26 Apr 2024

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Newsletter [Jan 2024]

Market

* Real Estate Market Statistics 2023

* Market Trends 2024

New Projects

* Hillhaven

* The Arcady

* Lumina Grand EC

Land Sales & Enbloc

* Marina Gardens Crescent

* Media Circle

HDB

* HDB Market Trends

* BTO Exercises

30 Jan 2024

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Newsletter [Oct 2023]

Market

* 3Q2023 Property Price Index, Market Trends

* 3Q2023 HDB Resale Market Trends

* 3Q2023 Real Estate Investments up 75%

* URA Proposed Amendments to the Master Plan

New Projects

* J'den

* Hillock Green

* Watten House

Land Sales & Enbloc

* Tampines Street 62 EC

* Orchard Boulevard

HDB

* 2023 October BTO Exercise

* Future BTOs in Bayshore

27 Oct 2023

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Newsletter [Jul 2023]

Market

* 2Q2023 Property Price Index, Market Trends

* HDB Resale Market Trends

New Projects

* Altura EC

* Pinetree Hill

* The Myst

* Lentorhills Residences

* Grand Dunman

30 Jul 2023

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Cooling Measures Apr 2023

The Singapore Government announced an increase in Additional Buyer's Stamp Duty (ABSD) rates as a means to encourage a sustainable property market.

The revised rates will be effective starting from 27 April 2023.

Read more on.. Who is affected, previous cooling measures, what is Additional Buyer's Stamp Duty and my personal opinion on the recent round of cooling measure..

[...]

27 Apr 2023

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Newsletter [Feb 2023]

Market

* Budget 2023

* 4Q2023 Property Price Index, Market Trends

New Projects

* Terra Hill

* The Botany at Dairy Farm

* Blossoms by the Park

Land Sales & Enbloc

* Meyer Park

* Jcube

24 Feb 2023

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Newsletter [Dec 2022]

MOF & IRAS revised the Annual Value of Homeowners for 2023. That means higher taxes. Higher-End properties are largely affected.

Tenet EC sold 72.3% on launch day at an average price of $1,360 psf. Breaking a new record among ECs. Copen Grand Fully Sold on 26 Nov after 2nd-timer balloting.

3 New Residential Sites added into 1H 2023 GLS Program - Lorong 1 Toa Payoh, Lentor Gardens & Plantation Close EC site.

[...]

24 Dec 2022

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Newsletter [Oct 2022]

Property Price index increased by 3.8% QoQ in 3Q2022, bringing the overall private home price increase to 8.2% for the first 3 quarters of 2022.

Inventory of New Launches continues to stay low as Developers struggle to keep up with the Market Demand.

Demand for New Launches remains robust as seen on the high take-up rates for the past 5 quarters. However, overall sales volume has fallen by 35% YoY.

Resale volume fell by 40% YoY, and will continue [...]

25 Sep 2022

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Newsletter [Jul 2022]

Singapore Property Price Index (PPI) increased by 3.5% in 2Q2022 with RCR leading the way. Stronger Price Gains were due to New Launches.

 

Inventory of Unsold Non-Landed Private Residential Properties remains low, while take-up rates have outstripped supply for 5 straight quarters. In the Resale Market, Inventory and buying volume as fallen.

AMO Residence 98% sold on launch day with average prices of units sold is said to be about $2,100 psf. This is the first OCR Project to test the $2,000 psf [...]

25 Jul 2022

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Newsletter [Jun 2022]

A Chinese buyer purchases 20 units in a bulk deal at a Luxury Condo - Canninghill Piers. The Total Purchase Price is believed to be over S$85 million.

Singapore Government announced 14 Sites under the 2H 2022 Government Land Sale (GLS) Programme. Pine Grove and Dunman Sites snapped up in latest tender.

Lakepoint Condo Enbloc closed without any bids. While Elizabeth Towers has been re-launched for Collective Sales. Lakeside Apartments closed 14% high than original reserve price. [...]

24 Jun 2022

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Newsletter [Mar 2022]

Household Income rose by 3.6% in 2021 to $9,520 per Household. Lower to Middle Income Earners increased the most. At the same time, Income Equality has fallen to its second lowest point since 2001.

Rental Market on heat as Condo Rents rose 14 consecutive months, while HDB rents rose for 20 consecutive months due to delays in completion of HDBs. Buyers being priced out due to cooling measures and low supply of housing options for some.

11 Thomson-East Coast Line (TEL) stations to open this year at stage 3 of the project. Running from [...]

25 Mar 2022

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Newsletter [Dec 2021]

In the last 2 weeks of December, a new set of Cooling Measures have been announced, targeted at two segments of the market; Developers and Lower-Income Home Buyers.

A day after the cooling measures were announced, 10 new Residential sites were released, as well as 2 EC sites and 1 Hotel site. With an estimated total of 2,290 Residential units in the Confirmed list and 3,015 Residential units in the Reserved list. 

HDB announced its plans to launch more than 30,000 units for the next two years to keep up with [...]

31 Dec 2021

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