Which Direction Will Property Prices Go ?

drkcynic

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Haha yeah, many old ones. I'm not familiar with those developments so would would need to check age for all of them.

Novena Court just transacted at 1500 PSF so they hold value. Buyers are either a) hoping for enbloc or b) plan to Reno and then it's like new (but not the facilities obviously). At that age, the building structure is probably worth 0 and what you pay for at 1500 PSF is just the land value (which will only appreciate).

Personally, I'd go for one closer to ~2000 PSF which is ~10-20 years old for own stay . They will still have modern facilities & exterior.
Yeah the only drawback for the 10-20yo FHs is the lack of transactions and the small development >100 units. Sleepy developments are not very ideal for investments.

I will go for Soleil if i can get below 1800.
 

Laneige

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Rental flats r renewed ones right
Then going to build more elsewhere
the rental buildings will b torn down to let those ppl go stay with those 2/3/4 rooms kind of bto to kinda upgrade their social status? So the jialat ones won’t mix with the jialat ones? Will slowly see simi is “norm” ?

N plans r moving
Now see this n that but 5-10yrs down who will know if the rental flats will b demolished?
 

scanner007

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08-11 starbuy 2273 psf

1076sqft

2,445,888

Just checked still available

48% sold as of today
The only one @$2273?
Anyway, you sounded as if LM unit "strangely still can’t move".

Extracting from squarefoot average PFS is now at S$ 2,361 psf excluding sale after 4 Sep 2022.
Cheapest: 1 bedder unit of 495 sqft is selling at $2,668 and 2 bedder 678 sqft at $2.6k psf.

Units has been moving for past few months likely all thanks to the breeze sale of the OCR untis selling above $2k psf.

Got to watch whether the increase interest rate will greatly impact its sale.
 

skpuppy

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Some FHs like Novena Court, is 52 yo! Looking like it's from another dimension. The prices are also quite depressed.

I just wonder for people who pays premium for FH, like 3k psf or something, do they really expect to hold it "forever". When that development reaches 50yo and look like a relic, how will it still be worth 3k psf?

Maybe by then properties are averaging 6k psf lol.
52 year old is crazy. I rather stay somewhere new. Last Sun my friend jio me to Punggol Marina to see his atas yatch. Then buy us lunch. CB! The whole place rundown like ****. Even toilet freak me out. I rather go NorthShore.
 

bluegt

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Yeah the only drawback for the 10-20yo FHs is the lack of transactions and the small development >100 units. Sleepy developments are not very ideal for investments.

I will go for Soleil if i can get below 1800.

The more the transactions, the more transparency in pricing which also means there is no "deal" to be had.

Soleil for example - you will have dozens of people viewing, buyer will have half a dozen offers. If you want to "win" then you must be the highest bidder (I've tried to buy there before multiple times). That said, yes it does mean when you want to exit, you will also have multiple people bidding on your property (maybe less because people are hesitant about old leasehold). So you buy high, but also hopefully sell high.

Smaller developments will take weeks to sell, but it also means you can offer a lower price and win. However, on exit, you will also face the issue of the unit taking weeks to sell.

In most property markets, the discount experienced by smaller developments is relatively small because people value the intrinsic value of the development (space to live, amenities, location).

In SG the discount is massive because we like to follow the queues and crowds! Should queues and crowds determine what you buy? If you treat property like a stock, then liquidity (ability to quickly buy and sell) matters - so yes do go for high transaction volume. If you value the space you have, location, etc, don't mind it taking a few weeks to sell at some unknown point in the future, smaller developments have the best value.

All depends on individual situation. This doesn't necessarily mean bigger or smaller gains. I shared this before about transactions in the last 2 years - lots of money to be made in mid and smaller developments...

Mid-Size Developments:
Residences @ Evelyn - 13 Transactions, 12 Profitable, Largest Gain: $1,432,880
Trilight - 8 Transactions, 100% Profitable, Largest Gain: $709,000

Smaller Developments:
Newton One - 3 Transactions, 100% Profitable: Largest Gain: $819,100
Newton 18 - 9 Transactions, 100% Profitable, Largest Gain: $832,000
 
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Hohohomoo

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The more the transactions, the more transparency in pricing which also means there is no "deal" to be had.

Soleil for example - you will have dozens of people viewing, buyer will have half a dozen offers. If you want to "win" then you must be the highest bidder (I've tried to buy there before multiple times). That said, yes it does mean when you want to exit, you will also have multiple people bidding on your property (maybe less because people are hesitant about old leasehold). So you buy high, but also hopefully sell high.

Smaller developments will take weeks to sell, but it also means you can offer a lower price and win. However, on exit, you will also face the issue of the unit taking weeks to sell.

In most property markets, the discount experienced by smaller developments is relatively small because people value the intrinsic value of the development (space to live, amenities, location).

In SG the discount is massive because we like to follow the queues and crowds! Should queues and crowds determine what you buy? If you treat property like a stock, then liquidity (ability to quickly buy and sell) matters - so yes do go for high transaction volume. If you value the space you have, location, etc, don't mind it taking a few weeks to sell at some unknown point in the future, smaller developments have the best value.

All depends on individual situation. This doesn't necessarily mean bigger or smaller gains. I shared this before about transactions in the last 2 years - lots of money to be made in mid and smaller developments...

Mid-Size Developments:
Residences @ Evelyn - 13 Transactions, 12 Profitable, Largest Gain: $1,432,880
Trilight - 8 Transactions, 100% Profitable, Largest Gain: $709,000

Smaller Developments:
Newton One - 3 Transactions, 100% Profitable: Largest Gain: $819,100
Newton 18 - 9 Transactions, 100% Profitable, Largest Gain: $832,000
If a property (esp a boutique development) only takes weeks to sell, u should be going temple and thank the Buddha Liao. Unless u sell at 50% discount or much lower than last transaction then maybe still possible.
 

drkcynic

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The more the transactions, the more transparency in pricing which also means there is no "deal" to be had.

Soleil for example - you will have dozens of people viewing, buyer will have half a dozen offers. If you want to "win" then you must be the highest bidder (I've tried to buy there before multiple times). That said, yes it does mean when you want to exit, you will also have multiple people bidding on your property (maybe less because people are hesitant about old leasehold). So you buy high, but also hopefully sell high.

Smaller developments will take weeks to sell, but it also means you can offer a lower price and win. However, on exit, you will also face the issue of the unit taking weeks to sell.

In most property markets, the discount experienced by smaller developments is relatively small because people value the intrinsic value of the development (space to live, amenities, location).

In SG the discount is massive because we like to follow the queues and crowds! Should queues and crowds determine what you buy? If you treat property like a stock, then liquidity (ability to quickly buy and sell) matters - so yes do go for high transaction volume. If you value the space you have, location, etc, don't mind it taking a few weeks to sell at some unknown point in the future, smaller developments have the best value.

All depends on individual situation. This doesn't necessarily mean bigger or smaller gains. I shared this before about transactions in the last 2 years - lots of money to be made in mid and smaller developments...

Mid-Size Developments:
Residences @ Evelyn - 13 Transactions, 12 Profitable, Largest Gain: $1,432,880
Trilight - 8 Transactions, 100% Profitable, Largest Gain: $709,000

Smaller Developments:
Newton One - 3 Transactions, 100% Profitable: Largest Gain: $819,100
Newton 18 - 9 Transactions, 100% Profitable, Largest Gain: $832,000
Depends on your horizon and your purpose for it. Those that made alot of money should be those who bought big units average 20 years back for their own stay, and is benefiting from the overall increase in prices.

My horizon is 5-10 years max and purely investment, I don't see the prices for small (and old) developments going up alot. Ultimately the exit plan is hazy, which I don't like. From my observations of some of these sleepy small developments, sometimes you sell at a loss also no takers. Bigger developments have an easier exit plan. Worse case I break even on capital just earn off my rental if i go in at a good price.

The rest depends on a good entry price. If I don't get the price I want, I won't buy even if there are 10 or 0 bidders. Something like Soleil I am looking at 1600-1700 psf for 2 bedder. If I can't get it I won't buy.
 

skpuppy

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Buy new price is fixed. You don’t buy, next person may buy. Buy resale either kana carrot by seller or lowball by buyer. Still sian one.
 

drkcynic

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Buy new price is fixed. You don’t buy, next person may buy. Buy resale either kana carrot by seller or lowball by buyer. Still sian one.
Resale I can also lowball before I buy mah, it's all fair game.

New, the developer grab you by the nose, some even hang up to sell. I'm not so desperate ah. The desperate ones can go buybuybuy, I see show only.
 

nats7798

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U then Kum lan. That one not only no queue, also poorly maintained and look like slum. How to have satki house warming and show off to your relatives? Chio bu will only cheer for u if u buy new launch. :(
Lol ya la u can go and chase the top market
Recently Centro got 1 unit 904sqft transacted 1.6M

go and chase after ur amo and lentor..
 
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