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Chip Eng Seng winning bid for prized GLS site near New...

🌟Breaking News!🌟 Chip Eng Seng winning bid for this prized GLS site near Newton indicated that high land bids are not sustainable. Chip Eng Seng bid of $1,192 psf ppr is significant lower than the $1,540 psf ppr for the Fourth Avenue GLS site purchased by Allgreen Properties in Dec 2017. This is a difference of 29%. Assuming a 10% premium for the newton …

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Disparities between Private and HDB prices

The article mention that private property prices rises 7.9% whereas HDB prices decline by 0.9% in 2018. This is indeed an unique situation in Singapore housing market. This big disparities is a cause of concern.😓 Singapore private property prices has always been a tradition to be supported by Hdb prices. If HDB upgraders are priced out of the market to own private properties. Then …

Cashing in on the real estate crash

Cashing in on the real estate crash

I came across this book in a bookstore in Bras Basah. It’s let me ponder how the government cool the market and prevent a bubble from forming in 2018. (Or has it already formed & burst?) Will 2019 be defiant or will it go into submission? Will 2020 be the year of opportunities instead? I can only second guess but with any correction come …

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
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