How the market for studio apartment/condo now?

[chusoon]

What is the market for studio apartment/condo now?

Saw few project are offering between 400k-500k. i.e. Ripple Bay, Palm Isles, NESS... even Parc Rosewood are offering 400K+-

any one know what is the reason behind?

thank you.

 

[LiangZzZ]

lol prices are going through the roof now, I guess people are willing to settle for shoebox apartments in condo since HDB prices are at all-time high, for the facilities and probably flip it for profit in the near future since its private property.

my two cents.

 

[Kenny23]

Simple reason..studios are higher psf which means the developer earns more..
Let me post a question: Would you rent a studio at Woodlands for 2-3k when its so tiny..or would u rather cross the road & rent an entire HDB flat...If you ask me..i would rent a studio at woodlands if its 500 a month..nothing more..

studios r fine to invest in..but location is key...its different from buying a 3bedroom in woodland where there could be a natural demand for it..buying a studio in woodlands to rent..demand looks bleak...same goes for the other areas like punggol...

 

[chusoon]

isn't ? i am motioning the price for shoebox (due to i am intention to get since last year) and the price seem dropping, maybe i am wrong. or the info may not accurate.

so, will it be property bubble? 2000++ property sold in march..

 

[Kenny23]

isn't ? i am motioning the price for shoebox (due to i am intention to get since last year) and the price seem dropping, maybe i am wrong. or the info may not accurate.

so, will it be property bubble? 2000++ property sold in march..

where at???

 

[sambuca]

What is the market for studio apartment/condo now?

Saw few project are offering between 400k-500k. i.e. Ripple Bay, Palm Isles, NESS... even Parc Rosewood are offering 400K+-

any one know what is the reason behind?

thank you.

you mean the prices dropped?
i think the prices are relatively lower because they are in outskirt areas like pasir ris or woodlands

 

[SKWSMC]

Well I will suggest you wait 1st. The market news is that the Govt is coming up with another round of cooling measure due to the recent strong buying number. Last time round when ABSD is out, developers come out with discount and pecks. So why not wait?

 

[putumayam]

Simple reason..studios are higher psf which means the developer earns more..
Let me post a question: Would you rent a studio at Woodlands for 2-3k when its so tiny..or would u rather cross the road & rent an entire HDB flat...If you ask me..i would rent a studio at woodlands if its 500 a month..nothing more..

studios r fine to invest in..but location is key...its different from buying a 3bedroom in woodland where there could be a natural demand for it..buying a studio in woodlands to rent..demand looks bleak...same goes for the other areas like punggol...

Good read. At current market rental rates, 2k+ mthly rent or a studio might be a tad optimistic, when for the same price u can rent an entire 4 rm flat in so
me estates.

1k rent for a studio w its facilities mayb abit more reasonable, if your targets are single PMETs.

Anything more id reckon they would consider cheaper alternatives or even buying resale hdbs.

 

[acetylcholine]

Can expect rental yields for such shoebox apartments to be rather low, especially when there is a deluge of such apartments expected in the next few years. Are you buying to stay or to invest?

 

[Kenny23]

When the government announce new measure, it will be a good time to find bargains especially within the 1-4 months period..As usual there will be 2 groups of owners..1 who can hold n dont mind holding their investment properties..another who will feel jittery n feel maybe its time to cash out but not too sure & is more fearful..obviously the 2nd group of owners will be more receptive to lowering prices..that window period of 1-4 months is critical for the 2nd group because if they feel the news when caveats are realise are very bad they will be in trouble..maybe lose $$ or scared they need to top up etc...but unless interest rates really move up or some really harsh new rules are implemented like foreigners can only own 1 property or capital appreciation tax..if not it wouldnt crash..the trick is to find n catch these 2nd group of sellers

whatever the case its always good for the buyer to do research n viewing early so u will be more familar with the sentiments/psf prices whether its a fair price, expensive or cheaper for the area..etc if u r very familar with the psf movements, u will be able to know how "motivated" the seller is n which group he/she falls in..hee

 

[Wood4]

Buy 2 at the price of 1 1-2 years time ?

 

[F3Rm1nat0r]

Buy 2 at the price of 1 1-2 years time ?

i think so too

 

[Kenny23]

50 percent? Not possible..that would mean all your hdb will be almost worthless or drop to levels where e masses get kicked out of their homes..

 

[valkri]

For prices to moderate by 50%, the economy has to be really bad for a really long time, such that nobody is confident of any relief in the foreseeable future. During such times, many will probably be out of a job so even if discounted 50% or more, many still cannot afford to buy. I'd rather hope for prices to stabilize or correct moderately, but economy continues to grow and salaries to rise.

 

[chusoon]

Can expect rental yields for such shoebox apartments to be rather low, especially when there is a deluge of such apartments expected in the next few years. Are you buying to stay or to invest?

to stay..

 

[chusoon]

Buy 2 at the price of 1 1-2 years time ?

50%...confirm not possible...

 

[jweak13]

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[1993newbie]

https://www.99.co/blog/singapore/how-well-do-shoebox-investments-perform-a-10-year-update/

Shoebox over the years

Simple reason..studios are higher psf which means the developer earns more..
Let me post a question: Would you rent a studio at Woodlands for 2-3k when its so tiny..or would u rather cross the road & rent an entire HDB flat...If you ask me..i would rent a studio at woodlands if its 500 a month..nothing more..

studios r fine to invest in..but location is key...its different from buying a 3bedroom in woodland where there could be a natural demand for it..buying a studio in woodlands to rent..demand looks bleak...same goes for the other areas like punggol...

 

[dnsfpl]

https://www.99.co/blog/singapore/how-well-do-shoebox-investments-perform-a-10-year-update/

Shoebox over the years

congrats to those who bought >5 years ago

The demand for shoeboxes is set to rise
Higher stamp duties and loan curbs have made regular-sized condos less affordable. However, shoebox units can be found for as low as $700,000 to $800,000 even now. This is appealing to both aspiring investors, as well as singles who want a condo-standard of living (but don’t need to plan for room for a family).

Given that URA has also tightened rules on how many shoebox units can be built, we expect the upward trend to continue as supply drops.

 

[RMCWMR]

For prices to moderate by 50%, the economy has to be really bad for a really long time, such that nobody is confident of any relief in the foreseeable future. During such times, many will probably be out of a job so even if discounted 50% or more, many still cannot afford to buy. I'd rather hope for prices to stabilize or correct moderately, but economy continues to grow and salaries to rise.

I don't think that will ever happen la. Like you say unless there is a doomsday scenario and prolonged like a all out war. Other than that it has 0 chance of happening. The moment it drops below 10% i think gov will remove 1/2 of the cooling measure which will propel the property prices upwards. Even in a worse case scenario where property prices continue to drop below 15% the gov has the flexibility to remove most or all of the cooling measure to sustain housing value.