How you view the property market now?

[NeedSomeHelp96]

Sorry, forgot to add price is 2.4mil, I need to take bank loan but the rental is enough to cover the interest

 

[Sinkie]

Sorry, forgot to add price is 2.4mil, I need to take bank loan but the rental is enough to cover the interest

Tenancy contract how long? Shop lot cannot use cpf hor.

 

[kiatme]

Did you take into consideration increasing bank loan rates, months unrented out, agent fees ?

 

[Mergui219067]

https://www.edgeprop.sg/property-news/which-new-condos-sold-most-units-year

 

[Merg91]

SINGAPORE: Sales of private homes by developers in Singapore surged 52 per cent in November from a year earlier after asharp increase in the number of new projects launched, official data showed on Monday (Dec 17).

The robust sales come - which follow government measures in July to cool the property market - at a time of the year when demand usually begins to wind down due to the start of the year-end holidays, an indication of demand for projects that are conveniently located and reasonably priced, analysts said.

Developers sold 1,198 units last month, excluding executive condominiums, compared with 788 units in the same month last year, data compiled by the Urban Redevelopment Authority (URA) showed.

http://www.channelnewsasia.com/news...s-singapore-developers-november-2018-11039008

 

[annetyu]

SINGAPORE: Sales of private homes by developers in Singapore surged 52 per cent in November from a year earlier after asharp increase in the number of new projects launched, official data showed on Monday (Dec 17).

The robust sales come - which follow government measures in July to cool the property market - at a time of the year when demand usually begins to wind down due to the start of the year-end holidays, an indication of demand for projects that are conveniently located and reasonably priced, analysts said.

Developers sold 1,198 units last month, excluding executive condominiums, compared with 788 units in the same month last year, data compiled by the Urban Redevelopment Authority (URA) showed.

http://www.channelnewsasia.com/news...s-singapore-developers-november-2018-11039008

Is it you, miss mergui?

 

[annetyu]

Will be good if miss mergui can share with us other relevant news about the market instead of simply biased ones. Won't help your mergui road property by doing this...

like this one.. https://www.channelnewsasia.com/news/singapore/more-than-30-en-bloc-bids-fail-to-find-buyers-cooling-measures-11035028
More than 30 en bloc bids fail to find buyers since cooling measures

 

[andyhtc]

Once en bloc slows down, property market will also slow down as cash-rich buyers will dwindle.

 

[annetyu]

Once en bloc slows down, property market will also slow down as cash-rich buyers will dwindle.

Good point. Lots of the sales were driven by people looking for replacement homes.

 

[SBC]

Most enbloc sellers would have settled their replacement unit by now.

Some may even choose to rent instead.

Any outlook for 2019?

 

[cscs3]

Once en bloc slows down, property market will also slow down as cash-rich buyers will dwindle.

The most important is economic is slowing down too. Not just Singapore but in many countries. So "investment" from other countries also much less.

https://youtu.be/2uF7KLXlxxQ

 

[Zetrio2006]

https://www.businesstimes.com.sg/ex...ingapore-property-expected-to-improve-in-2019

 

[pippo20]

Analyst can say what they wants, fact is below. The most recent Govt Land Sales at kampong java, beside newton mrt. At $1192psf, surely can launch below $2000psf so would u buy woodleigh residence for 2k surrounded by hdb or newton area?

<<The tender for the 125,326 sq ft residential site at Kampong Java Road closed on Jan 15, and drew seven bids. The top bid of $418.8 million ($1,192 psf ppr) came from CELH Development, a unit of Singapore-listed construction and property developer Chip Eng Seng Corp.>>

 

[light84]

I notice based on the listings I saw, some sellers have reduced their listed price.

 

[annetyu]

Where is our analyst, Ms Mergui? We need her help.

 

[cscs3]

Did you take into consideration increasing bank loan rates, months unrented out, agent fees ?

Some people may hop when loan rates increase, he will also increase the rent. Sometime it don't work well then you have big amount of money hold up.

Out look for economic is not well. Also, population is not growing or growing fast. So a large percentage of estate depend on foreign investment. These investment can come and go. So think twice if you are not buying for own use.

 

[cscs3]

SINGAPORE: Sales of private homes by developers in Singapore surged 52 per cent in November from a year earlier after asharp increase in the number of new projects launched, official data showed on Monday (Dec 17).

The robust sales come - which follow government measures in July to cool the property market - at a time of the year when demand usually begins to wind down due to the start of the year-end holidays, an indication of demand for projects that are conveniently located and reasonably priced, analysts said.

Developers sold 1,198 units last month, excluding executive condominiums, compared with 788 units in the same month last year, data compiled by the Urban Redevelopment Authority (URA) showed.

http://www.channelnewsasia.com/news...s-singapore-developers-november-2018-11039008

Good pointer.
Think also saw somewhere 4Q last year, price drop 0.6%.
Is always a bad time if some top property estate guy say is a good time to buy!