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old is gold

Old is Gold?

Today, new launch condo are sold at a relatively higher prices compare to resale condo. On the contrast, resale condo look pretty attractive at current prices level. Moreover, most old condo would have that enbloc potential. Although the enbloc party is over for the next 2 years I feel. Here, older condo are relatively spacious in sizes and more livable. A typical 3 bed …

The Crest @ Prince Charles

Wing Tai’s Cheng: ‘Too big a risk to go into property ...

Could this spell a turn around for mass market projects selling at $1700psf -1800psf? With stagnant HDB prices & private property prices having gallop beyond the reach of most Hdb upgraders. It seem that developers will have to priced their launches at a more realistic level. Going forward, we could see more developers making a write down provision on unsold units. This is just …

Cashew Heights

Enbloc effect and its premium

The resale market is still pretty red hot even after the 6 July cooling measures. Some may wonder if those cooling measures really work? My assessment>>> These cooling measures will take effect gradually in the next 6-9 months. My suspicious for those that bought at high prices are those with a more immediate needs such as those that receive their enbloc windfall… Enbloc owners …

enbloc Aug 24, 2018 0 Continue Reading
Pasir Panjang Court

Making a windfall from enbloc?

Do you know. Enbloc has make many home owners in Singapore millionaire overnight! If you are still feeling puzzle how much you can make. Let me give you a typical scenario. The condo you bought could be valued at $1million. The enbloc premium could value your property at $1.5million. This is a 50% increase in value. You make $500k extra overnight! So it is …

aging flats

Aging flats and it’s implication…

PM national day rally speech has address the issues on Aging Hdb Flat. So let me pen my thoughts on the announcement. 1. HIP for older flats that are 60-70 years old. Why waste tax payers money to upgrade these older flat? If I am such owners, I rather pray hard that my flat wouldn’t be upgraded. I rather they are announced for SERS …

HDB Aug 22, 2018 0 Continue Reading
The Tre Ver

Who are the winners?

Who are the winners? Most developers would have been caught unexpected by the July cooling measures. CDL is none the less. They have acquired many sites at high valuation. Personally, the winners this round are Oxley, UOL & FEO. Let me briefly touch on them. – Oxley site acquisition started in early 2017. They picked up mainly mass market sites at low valuation. They …

Buying a good asset!

Buying a good asset!

Buying a good asset! Tonight, I happen to pass by this condo in the east. This is a 130 units freehold condo. It’s located near a future MRT station. It has a mixture of 1-3 bedrooms. This condo has received its key in 2016. But a quick glance at the facade witness a high proportion of empty units. A quick search reveal only 30 …

entry prices

Entry Prices!

Entry Prices! In buying any property, not only do we need to consider the product, track record of the developer, location…but also the entry prices. Most recently, in a specific location In Singapore. Some of the new launches have been marketed at $1,700psf to $1,900psf. This is comparative to nearby resale condo going for only $1,000psf – $1,300psf. Such prices disparate is a source …

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