Unbiased New Launch Review – Forest Woods

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By KK Tong (guest contributor) Launched in early October 2016, Forest Woods showed a strong response from buyers as 337 out of 519 units were sold on the launch weekend. Located at Lorong Lew Lian in District 19, this 99-year leasehold development is jointly developed by CDL, Hong Leong, and TID. A total of 519 units sit on a plot size of 150,712 square feet. TOP is expected to be in May … [Read more...]

GEPIC 2017 – FREE TICKETS FOR PROPWISE SUBSCRIBERS!

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There will be a Global Economics and Property Investment Convention (GEPIC) 2017 this coming 15 February. This seminar is strictly educational and will provide you an outlook of the economy, property market, and disruptive technology. This year, we have invited 3 renowned speakers to share on the following exciting topics: 1)      The Future of Global Economics – Mr. Song Seng Wun Mr. … [Read more...]

Mr. Propwise’s 2017 Singapore Property Market Outlook

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By Mr. Propwise It’s that time of the year where I take a look back at what’s happened over the past twelve months, then try and say something intelligent about the future direction of the property market over the next year. But this year I’m particularly apprehensive, as 2016 was the year where the majority of forecasters failed to accurately call the most major events such as Brexit and the … [Read more...]

Buyers Expect Prices to Fall in the Next 12 Months, But Are Optimistic for the Long Term

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By Mr. Propwise iProperty Group Ltd, a leading real estate portal network in Asia, has released its Asia Property Market Sentiment Report H2 2016 (APMSR H2 2016). It’s 200+ pages full of data and charts of results from their survey covering the property markets of Malaysia, Indonesia, Singapore and Hong Kong. For this article I’ve extracted some of the key findings on the Singapore market I … [Read more...]

5 Reasonably-Priced Condos Worth a Look

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By KK Tong (guest contributor) Every now and then, we come across news articles about HDB flats transacting at close to, or even beyond the million-dollar mark. For many of us, this amount is eye-boggling as we would never have imagined that government-subsidised housing can be sold at such unbelievable prices. Some of us will lament that with HDB being so expensive, we may never be able to … [Read more...]

Singapore Property News This Week #272

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Residential HDB resale prices up 0.7% in July; volume down 13.7% Resale prices of Housing & Development Board (HDB) flats rose 0.7 per cent in July compared to June, but in terms of transactions, resale volume fell 13.7 percent. R’ST Research director Ong Kah Seng opines that HDB resale prices are still on a solid, stable footing despite the dip in June. (Source: Business Times) 8 … [Read more...]

How to Choose Your HDB BTO Unit – 4 Critical Factors to Consider

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By Heartland Boy (guest contributor) You’re in the market for an HDB BTO unit, and now have your queue number and are waiting with bated breath as the units available for sale get whittled down each day. I’m going to use St George’s Tower, an HDB BTO project in Boon Keng, as a case study for this article because I have already invested considerable amounts of time and money researching … [Read more...]

Factors to Consider When Financing an Australian Property Purchase

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By Jo’An Tan (guest contributor) Singaporeans have been increasingly looking outside of Singapore to invest in real estate, by getting their dream retirement home, a place for their university-bound children stay in, or as an investment. The popular choices have been Australia, United Kingdom, Thailand, Japan and Malaysia. The strengthening of the Singapore Dollar has increased interest in … [Read more...]

Singapore Property News This Week #260

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Residential Condo resale volumes and prices rose in April The latest April data from SRX Property showed that prices and transaction volume of resale private apartments and condos have risen for two consecutive months. Prices rose 0.7 per cent in the Core Central Region (CCR) and 1.3 per cent in the city-fringe or Rest of Central Region (RCR), but slipped 0.2 per cent in the Outside Central … [Read more...]

Is it Time to Jump in to the Singapore Property Market?

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By Gerald Tay (guest contributor) We know property prices have gone down, albeit just an 8% dip since the peak in 2013.There’re plenty of arguments from “experts” (who mostly argue against) on whether the Singapore Property Market will face further severe price correction, perhaps to the lows seen during the 1997 Asian Financial Crisis, the economic stagnation period between 2002 and 2005, and … [Read more...]

5 Property Investment Pitfalls to Avoid

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By Tam Ging Wien (guest contributor) Property investments are capital intensive and highly leveraged – typically property financing covers up to 80% of a property’s purchase value, and can reach 90% in some countries here in Asia. Investors need to save up a substantial amount before making a purchase. A property investment that has gone sour may take an investor several years to recover. … [Read more...]

Singapore Property News This Week #241

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Residential Prices of completed small condos fall by 1.2% month-on-month in Nov According to the Singapore Residential Price Index, prices of completed small condo units and apartments that are no larger than 506 sq ft have fallen by 1.2% in November from October. In October, a 0.4% month-on-month fall in prices was seen in the same category. Year-to-date, prices of small units islandwide … [Read more...]

Singapore Property News This Week #195

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Residential GCB at Swettenham Road selling at $23.52 million A good class bungalow (GCB) at Swettenham Road is asking for $23.52 million or $1,543 psf based on the freehold land area of 15,293.53 sq ft. According to market experts, this value is lower than the seller’s previous asking price of $30 million about nine months ago. Data that was compiled by CBRE showed that in 2014, 28 bungalows … [Read more...]

Singapore Property News This Week #193

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Residential Higher home vacancies expected to push prices down further Property values are falling following the government’s implementation of cooling measures. These measures include a stricter restriction on property loans. After a spike in property prices in 2013, the government tried to regulate the market by capping borrowers’ total debt repayments at 60 percent of their income. With … [Read more...]

Singapore Property News This Week #192

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Residential Resale volumes of private homes increased 8.4% in H2 2014 In H2 2014, 2,528 more private homes changed hands than in H1 that year. According to DTZ, there was an 8.6 percent increase in the resale volumes of private houses. Lee Nai Jia from DTZ said that as sellers adjusted their prices to fit demand, resale volumes increased. Lee added that the weak rental market has pushed home … [Read more...]

What is the Impact of Population Growth on Property Prices?

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By Gerald Tay (Guest Contributor) Here’s the burning question this article will try and answer: Will a 6.9 million population by 2030 support property prices or increase it exponentially? To answer it we will analyse the historical price indices of the Singapore private residential property market and compare that to population growth. This article aims to help investors, buyers and … [Read more...]

Singapore Property News This Week #191

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Residential 230 private homes sold in December 2014 In December 2014, developers sold 230 private homes. This was significantly lower than the 423 units that were sold in November last year. According to the Business Times, the lack of launches and marketing effort could have affected sales of private homes in December. Not only so, weak market sentiments could have affected demand of … [Read more...]

Singapore Property News This Week #190

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Residential December 2014 HDB resale prices lowest in the past 41 months The HDB resale prices in December 2014 are the lowest in 41 months. HDB resale prices had fallen 0.4 percent in December from the previous month while resale volume also fell by 4.1 percent to 1,295 units. Market experts believe that stricter mortgage servicing ratio limits had affected demand for resale HDB flats. … [Read more...]

When is the Right Time to Enter the Property Market?

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By Gerald Tay (guest contributor) This the key question on everyone’s mind today: “When is it a good time to re-enter the property market as prices continue on their downward spiral?” This aims to provide an overview of the Singapore Private Residential Property Market and allow investors, buyers and sellers to: Form their own view of when to buy and sell Understand the historical … [Read more...]

Singapore Property News This Week #189

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Residential SRPI for completed small units fell by 4.4% in Nov 14 The National University of Singapore’s Singapore Residential Price Index (SPRI) for units smaller than 506 sqft has fallen by 4.4 percent in November 2014 from December 2013. In November 2014, the price index for small units showed a 1.9 percent drop from the previous month, this was the biggest month-on-month fall this year. … [Read more...]