The minimal interest rate rises have already been factored in assessing mortgages. I thought the TDSR was a killer move but MAS stepped in and exempted the current owners who borrowed before the TDSR was implemented.
�
Therefore, there are still quite a few people out there with a high Mortgage Servicing Ratio who can get refinanced without being restricted to the current TDSR or MSR.
�
Can an analyst predict the movement of the property market? Highly unlikely as this is a contrived market dependent on how the Govt wants the market to move.
�
IMHO
The minimal interest rate rises have already been factored in assessing mortgages. I thought the TDSR was a killer move but MAS stepped in and exempted the current owners who borrowed before the TDSR was implemented.
Therefore, there are still quite a few people out there with a high Mortgage Servicing Ratio who can get refinanced without being restricted to the current TDSR or MSR.
Can an analyst predict the movement of the property market? Highly unlikely as this is a contrived market dependent on how the Govt wants the market to move.
IMHO
I thought these people can't refinance and if they do, they would fall under the TDSR framework, hence banks are doing repricing instead refinancing.
Bro ... I am not sure what you mean by repricing vs refinancing but this was released by MAS after TDSR was introduced.�
�
http://www.mas.gov.s...-threshold.aspx
�
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I thought the TDSR was going to crash the housing market but evidently the TDSR only applied to NEW purchasers and not those who bought before the TDSR.
�
I thought these people can't refinance and if they do, they would fall under the TDSR framework, hence banks are doing repricing instead refinancing.
�
This group is exempt till 2017.
�
By then, the supply and demand should start to match up. They have to decide then if their income can support their choice of housing.
�
�
Bro ... I am not sure what you mean by repricing vs refinancing but this was released by MAS after TDSR was introduced.�
�
http://www.mas.gov.s...-threshold.aspx
�
�
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I thought the TDSR was going to crash the housing market but evidently the TDSR only applied to NEW purchasers and not those who bought before the TDSR.
�
what secrets can you reveal�
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Usually I read the reports more for the data and charts then do some self interpretation.
�
�
�
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I wont say anything becos the analyst is my old buddy.......
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Most expensive 4-room flat sold for $990,000
Nov 3, 2015
A four-room HDB flat at The Pinnacle measuring 93 sqm (approx. 1,000 sq ft) was recently sold for $990,000, making it the most expensive four-room resale flat to date, reported Shin Min Daily News.
Situated on the 43rd to 45th storey, the unit was sold in September.
Despite the property cooling measures, 20 four-room flats were sold this year, five of which went for $950,000, while seven five-room flats were sold for at least $1 million each.
Charles Chua, Head of Investment Sales at PropNex Realty, noted that it is only a matter of time before four-room Pinnacle flats are sold for $1 million.
�Pinnacle flats are benchmarked against private property prices, not public housing. If a buyer has a budget of $1 million, instead of buying a private property in Pasir Ris, he might find a unit near the city to be more attractive,� he said.
Meanwhile, a five-room flat has emerged as the most expensive unit sold at the Pinnacle this year at $1.06 million.
Transactions at the said development have set new records this year following the fulfillment of the five-year minimum occupation period in December 2014 by the first batch of owners.
Prices of new four-room flats ranged from $289,200 to $380,900 during the project�s launch in 2004, while five-room flats were priced from $345,100 to $439,400, reported The Straits Times.
The pinnacle has no doubt a good location and some unique features but a private property it is not.http://www.propertyg...old-for-990-000
Most expensive 4-room flat sold for $990,000
Nov 3, 2015
A four-room HDB flat at The Pinnacle measuring 93 sqm (approx. 1,000 sq ft) was recently sold for $990,000, making it the most expensive four-room resale flat to date, reported Shin Min Daily News.
Situated on the 43rd to 45th storey, the unit was sold in September.
Despite the property cooling measures, 20 four-room flats were sold this year, five of which went for $950,000, while seven five-room flats were sold for at least $1 million each.
Charles Chua, Head of Investment Sales at PropNex Realty, noted that it is only a matter of time before four-room Pinnacle flats are sold for $1 million.
�Pinnacle flats are benchmarked against private property prices, not public housing. If a buyer has a budget of $1 million, instead of buying a private property in Pasir Ris, he might find a unit near the city to be more attractive,� he said.
Meanwhile, a five-room flat has emerged as the most expensive unit sold at the Pinnacle this year at $1.06 million.
Transactions at the said development have set new records this year following the fulfillment of the five-year minimum occupation period in December 2014 by the first batch of owners.
Prices of new four-room flats ranged from $289,200 to $380,900 during the project�s launch in 2004, while five-room flats were priced from $345,100 to $439,400, reported The Straits Times.
I have been there to visit a friend. The build quality is no better than any other HDB and the carpark is horrible.
Buyers will be folks who must see long term benefits of staying there.
To pay double the price compared to other HDBs is no matter what, a ridiculous position to take.
The original owners laugh all the way to the bank while the second owners will suffer the brunt of an overrated HDB....
This is a fine example of doubling asset values in approx 10yrs compared to the goon who only managed 54% return in 20yrs.
Nonetheless people who think their properties will double in value from 2014 to 2024 will be in for a rude shock.
Edited by Throttle2, 03 November 2015 - 06:59 PM.
Bro ... I am not sure what you mean by repricing vs refinancing but this was released by MAS after TDSR was introduced.
http://www.mas.gov.s...-threshold.aspx
I thought the TDSR was going to crash the housing market but evidently the TDSR only applied to NEW purchasers and not those who bought before the TDSR.
Thanks for the link. Forgot about the indulgence granted.
This group is exempt till 2017.
By then, the supply and demand should start to match up. They have to decide then if their income can support their choice of housing.
Owner occupied properties are exempted, so it is an investment decision and not so much about choice of housing.
But if price drops another 20% by 2017, some investors would have to put cash on the table to continue holding the properties or just to get out.
Thanks for clarifying.�
�
These rules are powerful. Every time you read you have a new understanding.�
�
�
Owner occupied properties are exempted, so it is an investment decision and not so much about choice of housing.
But if price drops another 20% by 2017, some investors would have to put cash on the table to continue holding the properties or just to get out.
�
The pinnacle has no doubt a good location and some unique features but a private property it is not.
I have been there to visit a friend. The build quality is no better than any other HDB and the carpark is horrible.
Buyers will be folks who must see long term benefits of staying there.
To pay double the price compared to other HDBs is no matter what, a ridiculous position to take.
The original owners laugh all the way to the bank while the second owners will suffer the brunt of an overrated HDB....
This is a fine example of doubling asset values in approx 10yrs compared to the goon who only managed 54% return in 20yrs.
Nonetheless people who think their properties will double in value from 2014 to 2024 will be in for a rude shock.
�
�
HDB was selling SOBF (sale of balance flats) for Pincer duxton at 800+k i think 2-3 years ago. �HDB huat!
Edited by Mockngbrd, 05 November 2015 - 11:53 AM.
Singaporeans are property crazy. Thats why we have crazy HDB prices.
HDB at $900k and $1m becoming a norm?
HDB selling HDB at 800k? Affordable public housing?
I am a very easy contented person. As long as my rented property for next 10yrs can continued to be rented,
even if sell off or valued at same $ as 10yrs ago it's ok. Coz current rental receivable (4.4% yield) beats $ in banks.
�
Im not a savvy investor in stocks/reits/bonds. Kia See + Hum Chi.
�So anythink abv CPF's 2.5% guranteed interest i am� 
I thou not old but got Old Man mentality� Property still da Best in SG.�
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If not for TDSR i will buy more.�
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Pls dun FLAME me...
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HDB resale transactions skyrocket by 16% to year-high in OctoberSingaporeans are property crazy. Thats why we have crazy HDB prices.
HDB at $900k and $1m becoming a norm?
HDB selling HDB at 800k? Affordable public housing?
A jaw-dropping 1,553 units were resold this month.
Singaporeans have been allured by attractive HDB resale offers this month, as resale transactions jumped by 16% compared to last month, registering the highest monthly volume this year so far.
According to SRX property, resale transactions this month also jumped by 12.4% from last years resale volume.
However, SRX property says resale volume is still 52.2% down from its peak of 3,649 units in May 2010.
Meanwhile, the movement of HDB resale volume was the opposite of resale prices, as HDB resale prices remained flat this month.
�The resale prices of HDB 3 Room and Executive Flats increased by 0.7% and 0.9%, while the resale prices of 4 and 5 Room Flats decreased by 0.8% and 0.1% respectively,� SRX property said.
Year-on-year, prices have also decreased this month while 2.6%, while being down by 11.7% since its peak in April 2013.
- See more at: http://sbr.com.sg/re...h.hFVjPQJU.dpuf
JUST SOLD: Trendale Tower unit sold for $3.6 million profit
By Tan Chee Yuen / The Edge Property | November 5, 2015 3:14 PM MYT
A 3,208 sq ft high-floor unit at Trendale Tower changed hands for $5.5 million or $1,715 psf in October this year. It represented a profit of $3.6 million or 193% to the seller, who had been holding the property since June 2004. This translates into an annualised return of 9.9%.
Trendale Tower is a freehold apartment development along Cairnhill Road in prime District 9, comprising 18 same-sized units. Completed in 1982, the development is 400m from Newton MRT station and 600m from the Orchard Road shopping belt. Popular schools including Anglo-Chinese School (Primary and Junior) are also located within 1km from the property.
The transaction in October 2015 was the first transaction since 2012, when two units were sold at $5.3 million or $1,652 psf.
High-floor unit at Trendale Tower sold for $3.6 million profit in October this year
Recent transactions at Trendale Tower
Contract date
Address
Unit Area (sq ft)
Price ($)
Price ($ psf)
7-Oct-15
79 CAIRNHILL ROAD #XX-XX
3,208
5,500,000
1,715
18-Oct-12
79 CAIRNHILL ROAD #XX-XX
3,208
5,300,000
1,652
30-Jul-12
79 CAIRNHILL ROAD #XX-XX
3,208
5,300,000
1,652
8-Jun-10
79 CAIRNHILL ROAD #XX-XX
3,208
4,830,000
1,506
23-Sep-09
79 CAIRNHILL ROAD #XX-XX
3,208
4,600,000
1,434
Source: URA, The Edge Property
I am a very easy contented person. As long as my rented property for next 10yrs can continued to be rented,
even if sell off or valued at same $ as 10yrs ago it's ok. Coz current rental receivable (4.4% yield) beats $ in banks.
Im not a savvy investor in stocks/reits/bonds. Kia See + Hum Chi.
So anythink abv CPF's 2.5% guranteed interest i am
I thou not old but got Old Man mentality� Property still da Best in SG.
If not for TDSR i will buy more.
Pls dun FLAME me...
I see, you also buy full cash settle huh?
http://www.theedgepr...-million-profit
JUST SOLD: Trendale Tower unit sold for $3.6 million profit
By Tan Chee Yuen / The Edge Property | November 5, 2015 3:14 PM MYT
A 3,208 sq ft high-floor unit at Trendale Tower changed hands for $5.5 million or $1,715 psf in October this year. It represented a profit of $3.6 million or 193% to the seller, who had been holding the property since June 2004. This translates into an annualised return of 9.9%.
Trendale Tower is a freehold apartment development along Cairnhill Road in prime District 9, comprising 18 same-sized units. Completed in 1982, the development is 400m from Newton MRT station and 600m from the Orchard Road shopping belt. Popular schools including Anglo-Chinese School (Primary and Junior) are also located within 1km from the property.
The transaction in October 2015 was the first transaction since 2012, when two units were sold at $5.3 million or $1,652 psf.
High-floor unit at Trendale Tower sold for $3.6 million profit in October this year
Recent transactions at Trendale Tower
Contract date
Address
Unit Area (sq ft)
Price ($)
Price ($ psf)
7-Oct-15
79 CAIRNHILL ROAD #XX-XX
3,208
5,500,000
1,715
18-Oct-12
79 CAIRNHILL ROAD #XX-XX
3,208
5,300,000
1,652
30-Jul-12
79 CAIRNHILL ROAD #XX-XX
3,208
5,300,000
1,652
8-Jun-10
79 CAIRNHILL ROAD #XX-XX
3,208
4,830,000
1,506
23-Sep-09
79 CAIRNHILL ROAD #XX-XX
3,208
4,600,000
1,434
Source: URA, The Edge Property
Yup no surprise. Bought in 2004 is good timing.
Try buying in 1995, 96, 97 or in 2014 and 2015 and see what result one will get.
Heeeheeeheeee
Unfortunately I'm not that rich�..
Only plus side is my gearing is low enough to Tahan.
Interest need hit 6% & rents down 15% for my returns to Appx zero out.
�
I dunno if that will happen in next 2-3yrs if it does have to suck thumb lor.
Ride out the bumpy waves with my standby Sampan��
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Hope it doesn't sink in the Perfect Storm???�
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1 Consolation is even if my returns are say Zero out� Touch wood��
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My tenant is still partially paying down my mortgage.�
Most impt dun ask me top up can liao.
�
�
Can still have $ to�
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Happy Motoring Guys!
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No wonder people selling at 1M
HDB was selling SOBF (sale of balance flats) for Pincer duxton at 800+k i think 2-3 years ago. HDB huat!
Timing to buy is dependent on luck no matter how it's sugar coated.
�
I bought my first in 2006 and fully settled. Annualised gains is 10% but it's fully luck so I never talk about it. From 2008 I wanted to buy but not enough cash. In 2010 they started with the CMs when I increased the cash they increased the downpayment required. From then till 2013 each time I qualify, a new CM would appear making the climb further uphill.�
�
I need to buy a property on the other side of the island due to work and family (again due to need to stay). I am unpretentious and upfront here that for good or bad, I am thankful for a place to stay and glad to qualify to buy again.
�
I simply can't wait another 5 or 10 years bro.
�
I see, you also buy full cash settle huh?
Yup no surprise. Bought in 2004 is good timing.
Try buying in 1995, 96, 97 or in 2014 and 2015 and see what result one will get.
Heeeheeeheeee
�
Unfortunately I'm not that rich�..
Only plus side is my gearing is low enough to Tahan.
Interest need hit 6% & rents down 15% for my returns to Appx zero out.
I dunno if that will happen in next 2-3yrs if it does have to suck thumb lor.
Ride out the bumpy waves with my standby Sampan�
Hope it doesn't sink in the Perfect Storm???
1 Consolation is even if my returns are say Zero out� Touch wood�
My tenant is still partially paying down my mortgage.
Most impt dun ask me top up can liao.
Can still have $ to
Happy Motoring Guys!
Oh, i thought you full cash 100% settle type.
The problem is to ask you to top up lor.....muayhahahaha....
Returns zero? How about negative returns?
Dont invest without being able to stomach losses or worse still, think that there will never be losses.
Timing to buy is dependent on luck no matter how it's sugar coated.
I bought my first in 2006 and fully settled. Annualised gains is 10% but it's fully luck so I never talk about it. From 2008 I wanted to buy but not enough cash. In 2010 they started with the CMs when I increased the cash they increased the downpayment required. From then till 2013 each time I qualify, a new CM would appear making the climb further uphill.
I need to buy a property on the other side of the island due to work and family (again due to need to stay). I am unpretentious and upfront here that for good or bad, I am thankful for a place to stay and glad to qualify to buy again.
I simply can't wait another 5 or 10 years bro.
You lucky, good for you.
My purchase and sales timing is base on skills not luck.
I not lucky like you.
I try to compensate for my lack of luck in timing this time round by choice of where to buy. If the choice is already priced 20 to 30% lower than surrounding private, and buffered by the (good) prices of nearby HDBs, I feel that the risks are very limited depending on locality and type of housing.�
�
By having emergency cash of 2 years worth of mortgage (for emergencies and for financing backup in case equity indeed drops below 30% factoring in an existing drop of 9%). Nonetheless, my long time friend in the banking sector (not my banker) assured me that banks do not really embark on top up if the market value falls as long as mortgage payments are made timely. My thinking to add on is unless this is an amount involving tens of millions, banks will unlikely be bothered by it. But the 2 years mortgage will act as the buffer in case the unthinkable happens.
�
Full cash is not practical in the current environment unless tycoon or delusional or we plan to buy at 60 years for regular employees so I don't think I belong to either group.�
�
Oh, i thought you full cash 100% settle type.
The problem is to ask you to top up lor.....muayhahahaha....
Returns zero? How about negative returns?
Dont invest without being able to stomach losses or worse still, think that there will never be losses.
You lucky, good for you.
My purchase and sales timing is base on skills not luck.
I not lucky like you.
�
The pinnacle has no doubt a good location and some unique features but a private property it is not.
I have been there to visit a friend. The build quality is no better than any other HDB and the carpark is horrible.
Buyers will be folks who must see long term benefits of staying there.
To pay double the price compared to other HDBs is no matter what, a ridiculous position to take.
The original owners laugh all the way to the bank while the second owners will suffer the brunt of an overrated HDB....
This is a fine example of doubling asset values in approx 10yrs compared to the goon who only managed 54% return in 20yrs.
Nonetheless people who think their properties will double in value from 2014 to 2024 will be in for a rude shock.
What's your thought on bidadari bto? I have plan to try my luck to get one 5rm but the indicated price would be 600+k onward for a 5rm... Sounds silly to get a hdb at that price hor.... Hehe...
Sounds silly to get a hdb at that price hor.... Hehe...
sure huat one!!!!!!!!! (for HDB)
�
What's your thought on bidadari bto? I have plan to try my luck to get one 5rm but the indicated price would be 600+k onward for a 5rm... Sounds silly to get a hdb at that price hor.... Hehe...
�
hdb prices not matter how high is the lowest in the market
you cannot say: whoa!!! how come your chicken rice $5 so expensive! last time I buy chicken rice only $2.50. chicken rice only mah. what so special
thing is you cant find no body selling chicken rice at $5
all smelly smelly selling $8
�
if no happy, the boss will offer you $2.50 cookhouse wholesome meal
woodlands bto
Oh, i thought you full cash 100% settle type.
The problem is to ask you to top up lor.....muayhahahaha....
Returns zero? How about negative returns?
Dont invest without being able to stomach losses or worse still, think that there will never be losses.
You lucky, good for you.
My purchase and sales timing is base on skills not luck.
I not lucky like you.
�
Wah� , need skill one meh ? I thought just see economic cycle nia , that one called skill ah? Oh ok. Sorry i dunno i got no skill , i only know debt increase beyond tipping point , sure kaboom. Always the same , greed aim for high high , get stuck or fired , force to sell at cheap. Forever the cycle the same.
�
�
�
As for seohster� :� anyone buying around 2004-2006 would have experience the best returns later in 2013-2014
�
For e.g a place bought in geylang or balestier back in 2004 was near worthless.
�
probably around 400+ psf and if it was in an auction probably you can 300+
�
a 1200+ sf place in such places would probably only cost you 500~600k while a smaller one would be around 280~350k.
�
Down payment of 10% your returns on capital and pricing in rentals it would probably be in the thousands of % , so even you based it on annual basis , it will be in hundreds of %
�
�
�
Another example : the sail was sold at 900-1200psf when it first lauched , a decent unit could be bought below 1m , at the peak it was around 2500 psf in 2013~14. If one took profit� and full payment , well above 15% per annum.
�
Just a personal experience , whether you believe a table wiper or not , up to u. Still waiting for blood , soon hahahhahaha
Edited by CH_CO, 06 November 2015 - 10:48 AM.
Wah� , need skill one meh ? I thought just see economic cycle nia , that one called skill ah? Oh ok. Sorry i dunno i got no skill , i only know debt increase beyond tipping point , sure kaboom. Always the same , greed aim for high high , get stuck or fired , force to sell at cheap. Forever the cycle the same.
�
�
�
As for seohster� :� anyone buying around 2004-2006 would have experience the best returns later in 2013-2014
�
�
I agree with you. It was just pure luck based on needs. Only He has the skill to predict how crystal ball looked�
�
From 2008 to 2013, we have already seen how US deals with debts haven't we?
�
Now other countries are devaluing currencies in relation to US plus domestic easing programmes to cope with deflation risks exported by China. I do not claim to have the skill to predict the outcome at the end. I cannot say for sure whose blood will be drawn, or whether status quo for a long time (nobody's blood needs to be drawn), so I feel one can only proceed cautiously based on needs.
Edited by Seohster, 06 November 2015 - 11:12 AM.
What's your thought on bidadari bto? I have plan to try my luck to get one 5rm but the indicated price would be 600+k onward for a 5rm... Sounds silly to get a hdb at that price hor.... Hehe...
�
resales HDB in good location already selling at that or higher ....... i dont think the G will complain about quick money 
that maybe another Bishan! then price double! get high floor with good view sure good
�
What's your thought on bidadari bto? I have plan to try my luck to get one 5rm but the indicated price would be 600+k onward for a 5rm... Sounds silly to get a hdb at that price hor.... Hehe...
�
What's your thought on bidadari bto? I have plan to try my luck to get one 5rm but the indicated price would be 600+k onward for a 5rm... Sounds silly to get a hdb at that price hor.... Hehe...
�
Your reaction is normal.�Last time our parents gen, they�said $100K for�a 5rm�was silly. When my army friend paid $400K+ for his pinnacle flat, I said it was silly. So you say leh.�Who is silly? haha
I agree with you. It was just pure luck based on needs. Only He has the skill to predict how crystal ball looked�
�
From 2008 to 2013, we have already seen how US deals with debts haven't we?
�
Now other countries are devaluing currencies in relation to US plus domestic easing programmes to cope with deflation risks exported by China. I do not claim to have the skill to predict the outcome at the end. I cannot say for sure whose blood will be drawn, or whether status quo for a long time (nobody's blood needs to be drawn), so I feel one can only proceed cautiously based on needs.
�
Aiya HE say he SKILLED let it be lor...
Anyway for me to TOP UP property need drop 50+ % from current psf $...
If that happens i will row my sampan out of SG lo...
�
$1.2 million Tiong Bahru flat up for sale
Nov 4, 2015
A Singapore Improvement Trust (SIT) flat along Eng Watt Street in the hipster enclave of Tiong Bahru has been put on the market for a stunning $1.2 million, according to an online listing on PropertyGuru.
The asking price for the 1,080 sq ft flat, situated on a low floor, works out to approximately $1,111 psf on the built-up area.
Located in Singapore�s first public housing estate, the 99-year leasehold conservation flat built by HDB�s predecessor is almost 50 years old.
The listing description for the one-bedroom, one-bathroom unit states that it is rare and cosy, and comprises a spacious open concept living and study area, recently renovated kitchen, and walk-in wardrobe.
DTZ property agent Daniel Tan, who is marketing the property, said: �The unit has been on the market for about two months and has only received four to five enquiries from potential buyers. The owner paid a fair bit to renovate the place, which is within walking distance to the MRT station and famous Tiong Bahru Market.�
He noted that foreigners are eligible to buy the unit. This is in contrast to resale HDB flats, which can only be sold to Singaporeans and permanent residents. Another plus point is the limited availability of such homes, added Tan. Research shows there are just 138 SIT blocks remaining in Singapore.
However, the price seems considerably higher than other similar units put up for sale recently. Tan cited the example of an SIT flat in the area that was going for around $900,000 but was �a bit run down�.
Meanwhile, another SIT flat at the nearby Moh Guan Terrace was submitted for a DTZ property auction last month with an indicative price of about $870,000. It has a lease balance of 51 years and is fully renovated.
The agency noted that very few listings for privatised conserved apartments in Moh Guan Terrace are available on the resale market.
The area tends to have attractive rents of $2,900 to $4,350 per month for a unit with a floor area of 750 to 860 sq ft, added DTZ
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Wah , need skill one meh ? I thought just see economic cycle nia , that one called skill ah? Oh ok. Sorry i dunno i got no skill , i only know debt increase beyond tipping point , sure kaboom. Always the same , greed aim for high high , get stuck or fired , force to sell at cheap. Forever the cycle the same.
As for seohster : anyone buying around 2004-2006 would have experience the best returns later in 2013-2014
For e.g a place bought in geylang or balestier back in 2004 was near worthless.
probably around 400+ psf and if it was in an auction probably you can 300+
a 1200+ sf place in such places would probably only cost you 500~600k while a smaller one would be around 280~350k.
Down payment of 10% your returns on capital and pricing in rentals it would probably be in the thousands of % , so even you based it on annual basis , it will be in hundreds of %
Another example : the sail was sold at 900-1200psf when it first lauched , a decent unit could be bought below 1m , at the peak it was around 2500 psf in 2013~14. If one took profit and full payment , well above 15% per annum.
Just a personal experience , whether you believe a table wiper or not , up to u. Still waiting for blood , soon hahahhahaha
Mai so sarcastic leh......
Ok ok no skill required but require at least a little bit of brain not to buy at the peak lah!!!
Muayhahahahahahaha
Lan chiao
Attached Thumbnails
Read the fine print.
Attached Thumbnails
Mai so sarcastic leh......
Ok ok no skill required but require at least a little bit of brain not to buy at the peak lah!!!
Muayhahahahahahaha
Prices for many units now already not at peak, some even 10 to 15% cut from peak. So still cannot buy for those units? How to know how low is low enough?
I think many think the same way and that is why some will still buy if the drop is comfortable enough. Some waiting for blood may or may not see it, cos our govt prob will do something before that happens. Then again, measures will work or not by then also another crystal ball guess.
Cm release too early , all will die , better to let it slowly fall and let market forces decide.
�
Your future generation will thank you.
�
Anyway , if anyone bothered to read til 2030, we are still expanding and pricing in future demand , it is just a "temporary" slowdown.
Edited by CH_CO, 06 November 2015 - 09:52 PM.
Read the fine print.
Read my finger
Prices for many units now already not at peak, some even 10 to 15% cut from peak. So still cannot buy for those units? How to know how low is low enough?
I think many think the same way and that is why some will still buy if the drop is comfortable enough. Some waiting for blood may or may not see it, cos our govt prob will do something before that happens. Then again, measures will work or not by then also another crystal ball guess.
Can, if comfortable of course can.
I have always said so.
Cm release too early , all will die , better to let it slowly fall and let market forces decide.
Your future generation will thank you.
Anyway , if anyone bothered to read til 2030, we are still expanding and pricing in future demand , it is just a "temporary" slowdown.
There are a few people more kuailan than me in here, you are one of them..
Muayhahahahaha
There are a few people more kuailan than me in here, you are one of them..
Muayhahahahaha
�
I kana , censure and all sort of shit , but this is a rational and reasonable state in sg , every we say need factual support , i kua lian because alot of people use "tone" to determine whether one is "right" and others are wrong. Those who don't conform means they are "wrong" , what is new?
KSH Holdings records three-fold increase in earnings in 2Q2015 to $23.16 million
By Tay Hock Meng / The Edge Property, KSH Holdings Limited | November 6, 2015 7:02 PM MYT
KSH Holdings Ltd reported a slight drop in revenue (-0.9%) in 2Q2016 (ended September 30) to $62.1 million from $62.67 million over the same period a year ago. However, earnings increased 3.4 times to $23.16 million from $6.74 million over the same period.
The company�s order book as of end September stood at more than $324 million, along with deferred progress billings of $300.8 million from projects which will be recognized progressively from 2Q2016. (See Table),
According to the company, its joint investment in Prudential Tower at Raffles Place is seeing good take-up rate in its office space.
As of end September, KSH, together with its associates and joint ventures have launched a total of 14 projects comprising of 13 local projects, and 1 foreign project located in China. A summary of the projects is as follows:
Attached Thumbnails
Sounds right, accounting for the sales of development sold over the good years 2010-2014.http://www.theedgepr...15-2316-million
KSH Holdings records three-fold increase in earnings in 2Q2015 to $23.16 million
By Tay Hock Meng / The Edge Property, KSH Holdings Limited | November 6, 2015 7:02 PM MYT
KSH Holdings Ltd reported a slight drop in revenue (-0.9%) in 2Q2016 (ended September 30) to $62.1 million from $62.67 million over the same period a year ago. However, earnings increased 3.4 times to $23.16 million from $6.74 million over the same period.
The company�s order book as of end September stood at more than $324 million, along with deferred progress billings of $300.8 million from projects which will be recognized progressively from 2Q2016. (See Table),
According to the company, its joint investment in Prudential Tower at Raffles Place is seeing good take-up rate in its office space.
As of end September, KSH, together with its associates and joint ventures have launched a total of 14 projects comprising of 13 local projects, and 1 foreign project located in China. A summary of the projects is as follows:
The real test is during the bad years
Edited by Throttle2, 07 November 2015 - 02:16 AM.
I think there are many more unsold units and some ec also bo selling well. More who are not urgently looking for a unit are "wait and see" so the slow slide is on going
http://www.theedgepr...15-2316-million
KSH Holdings records three-fold increase in earnings in 2Q2015 to $23.16 million
By Tay Hock Meng / The Edge Property, KSH Holdings Limited | November 6, 2015 7:02 PM MYT
KSH Holdings Ltd reported a slight drop in revenue (-0.9%) in 2Q2016 (ended September 30) to $62.1 million from $62.67 million over the same period a year ago. However, earnings increased 3.4 times to $23.16 million from $6.74 million over the same period.
The company�s order book as of end September stood at more than $324 million, along with deferred progress billings of $300.8 million from projects which will be recognized progressively from 2Q2016. (See Table),
According to the company, its joint investment in Prudential Tower at Raffles Place is seeing good take-up rate in its office space.
As of end September, KSH, together with its associates and joint ventures have launched a total of 14 projects comprising of 13 local projects, and 1 foreign project located in China. A summary of the projects is as follows:
Edited by Derricklah, 07 November 2015 - 08:09 PM.
Me&MyMoney
A love affair with property
Kylie Luo and her husband started from scratch 14 years ago. Today, they own over 10 properties in Singapore.
PUBLISHEDNOV 8, 2015, 5:00 AM SGT
Rachael Boon
Tax adviser Kylie Luo focuses on finding different sources of revenue, and investing in properties is one of them
Tax adviser Kylie Luo is a staunch believer in wealth accumulation and prefers not to dwell on the idea of frugality.
The Hong Kong-born Singapore citizen declares: "At the end of the day, I don't want to be the richest woman at the cemetery."
"Being frugal is a good virtue, but being able to earn more and find different sources of revenue and income is far more important in accumulating wealth."
In her quest to grow her wealth, she took an interest in stocks, but was put off after witnessing a stock market meltdown in the 1990s.
"When I entered university in 1997, that was the year the stock market crashed. I heard a lot of stories of people losing their life savings in the stock market.
"Some became bankrupt, while others who were very rich lost tens of millions of dollars," said Ms Luo, 38, who saw it happen to those close to her.
A love affair with property soon began, because it was what she and her Singaporean husband Derrick Ho, 39, knew best.
Ms Luo recalls it started soon after she graduated in 2000 from an Australian university where she met her husband.
She moved to Singapore with Mr Ho, and started working in a major international accounting firm.
Then, the aim was to first save enough for the downpayment on their first property.
"After we got married, we stayed with my in-laws for at least seven years, so we didn't have many expenses and were able to save almost everything that we earned."
With that capital, they bought a high-end condominium in River Valley at the end of 2006, with a 20 per cent down payment. They managed to rent it out to expatriates, and got a yield of 6 per cent to 8 per cent a year.
In the middle of 2008, just before the collapse of United States investment bank Lehman Brothers, the property market here peaked, almost doubling their investment.
"We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.
She says: "When the economy picked up two to three years after that, our properties appreciated almost 100 per cent. With the cooling measures now, my properties have still appreciated 70 per cent to 80 per cent."
The plan is to hold on to them for the long term, so that when she retires, the properties would be fully paid off, and producing a possible monthly income of $30,000 to $50,000.
Ms Luo, who will be starting her new job at a mid-tier international accounting firm as a tax partner, has three sons - Darren, 11, Glenn, 10, and Bryan, 6.
The investing strategy has also allowed her husband to leave his job as a bank relationship manager, and start stationery chain The Paper Stone. It has 10 stores in Singapore with franchises in the Philippines.
Ms Luo knows it was timing and luck that had a huge part to play in their investments, but also her focus on one asset class and strategy.
"It's more or less the timing. We were lucky. We knew what we wanted, that we wanted to invest in real estate. We were lucky we bought our first property and sold it at the peak, and were not greedy.
"Immediately after the peak there was a quick crash, when we had a lot of cash, and we entered the market again, riding on the Lehman Brothers' period."
She adds that it was not a snap decision to move into the property market so quick.
"It wasn't that we were particularly optimistic about the market, for us to make the move to invest in four properties within four months. It was a rare occurrence, and when it came, we had to be a bit 'greedy' and just jumped in."
Q Moneywise, what were your growing-up years like?
A My father was a college lecturer and my mum, an accountant. I have a younger brother who is a doctor and a younger sister who is an auditor.
We have been quite comfortable, money was never really a concern.
My father is a very frugal person - I'm the opposite, I'm a spendthrift - and he'd want me to have better control over my finances. We just share different philosophies.
He believes in saving, whereas I believe in earning more, to allow me to spend more.
Q How did you get interested in investing?
A I was inspired by a Cantonese movie about the stock market and thought investing in stocks would bring me good money.
I later realised that stocks are quite risky. If you don't know a company well, then don't invest.
If you want to invest in one, it has to be a good company and something that you can hold indefinitely, not something that you speculate on.
I started thinking about a better way to invest and accumulate wealth.
Coming from Hong Kong, and with my husband from Singapore, we know the value of property, that it'll hold its value in the long run and hedge against inflation.
Q Describe your investing strategy.
A We're tuned in to the concepts of fear and greed.
My father-in-law always taught us - and later I realised he learnt from Warren Buffett - about the concepts.
You try to be fearful when people are greedy, and try to be greedy when you sense there is fear in the market.
It basically comes down to the point that you should buy low and sell high. Don't follow the crowd.
When you see everyone jumping into the stock market, it's time to retreat and cash out your gains.
During the Lehman Brothers' time, nobody was buying anything. Even my family members and in-laws were shying away from the market. No one wanted to invest because they already got burnt.
We bought the properties low at a time when we could also borrow less, to reduce our risk. That helps with our monthly instalments, if not, we don't have the holding power.
We invest only in certain locations. When it comes to landed properties, we invest near international schools to rent out to expatriates. We know who we want to rent out to, that we want to hold the properties and get capital and rental yield.
The condominiums that we invest in are all in Districts 9, 10, 11 and 15, which are rented out to expatriates, which I think is the only way to get a steady source of income.
At this moment, we will not invest as far as Woodlands unless we're living there. Otherwise it's hard to find a tenant.
Q What's in your portfolio?
A We have eight insurance policies, eight residential properties and one commercial property in Singapore and one property in Australia. We also have enough cash for working capital purposes.
We don't buy stocks as we don't believe in diversification that way.
Diversification to us means that if you don't know your goals, then you diversify, but if you have a very focused strategy, then it's best not to.
If you choose the real estate market, then your diversification is within the asset class. It could be different locations or different types of real estate. It need not be another type of asset class.
Q What does money mean to you?
A Money means the ability to sustain a certain lifestyle that I want, bringing in the level of comfort that I want in life, and to have the freedom to do the things I like and not just slave for it.
I don't try to stinge on myself and save every penny.
Q What's the most extravagant thing you have done?
A My husband and I bought a gold Rolex each. That was when we realised a gain on our first property, and my husband decided to get a men's and ladies' version of the watch.
Q What has been one of your biggest regrets when it comes to investing?
A The regret of not seizing the opportunity to invest to its maximum. We could have bought one or two more properties, but perhaps it was the greed - that we thought the prices would drop further - that stopped us, and then the prices rose.
Q What are your immediate investment plans?
A Opportunities come once in a lifetime, like the financial crisis. That's why we haven't been investing here for a few years, and are actively looking overseas. We are currently looking at a property in London and hope to complete the purchase by early next year.
We won't invest here in the short term especially with the cooling measures, but when the time is right.
The thing about investing overseas is the inherent forex risk. Your capital gain could sometimes be wiped out by the currency depreciation.
A good example would be the Australian property we invested in. The exchange was about S$1.30 to A$1 then, but now we've lost about 30 per cent.
Even if we can sell the property for a 30 per cent profit, it neutralises all our gains.
It's not as good as investing in your own backyard, where you know the market well, you have control over rental and maintenance.
Q How are you planning for retirement?
A If I have a secure income base, I want to do charity, and travel around the world with my husband.
I've thought about doing charity for children as children have unlimited potential.
Q Home is now...
A A terraced house in the north-east.
Q I drive...
A A Jaguar XF.
"We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.""
�
I am amazed by her story. But just wonder it is possible to buy 4 high end condo and 3 landed properties with $1 million plus cash? yes, even though u just need ~20% downpayment.
�
�
It is possible if you have the connections those days to get loans at off the board rate.
I knew of a course mate who had $1m from 3 years working as a corporate banker.
With that $1m, he invested in 7 properties and rented out 6 of them, giving him a passive income of $20k / mth. He bought it around 2007. It was combination of condos, shophouses.
"We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.""�
I am amazed by her story. But just wonder it is possible to buy 4 high end condo and 3 landed properties with $1 million plus cash? yes, even though u just need ~20% downpayment.
�
Think that time only need 10% downpayment. If it is correct, she can get leverage of up to 10 million.."We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.""
I am amazed by her story. But just wonder it is possible to buy 4 high end condo and 3 landed properties with $1 million plus cash? yes, even though u just need ~20% downpayment.
Think that time only need 10% downpayment. If it is correct, she can get leverage of up to 10 million.."We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.""
I am amazed by her story. But just wonder it is possible to buy 4 high end condo and 3 landed properties with $1 million plus cash? yes, even though u just need ~20% downpayment.
http://www.propertyg...ooling-measures
�
http://www.srx.com.sg/cooling-measures
�
1. Interest Absorption Scheme
�
2. Loan-to-valuation lowered from 90% to 80% only in 2010
�
Technically not impossible with 1 million cash although this must be considered as speculation. Hedge big win big but risks also are there. Nowadays next to impossible.
�
�
"We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.""�
I am amazed by her story. But just wonder it is possible to buy 4 high end condo and 3 landed properties with $1 million plus cash? yes, even though u just need ~20% downpayment.
�
Edited by Seohster, 09 November 2015 - 10:26 AM.
Is it a prudent way to invest ? No
Is it a sure win formula ? No
With a measly job and measly $1mil in cash, to go and chiong all like that, its clear the mountain behind is a big one lah.
Otherwise, just leverage 10times and go long USDRUB, can liao lah.
Muayhahahahahah....
I don't like her method as well, but you seem to have figured out a prudent and sure-win formula to invest. Kindly share your methods with us bros.
�
Gam siah.
�
�
Is this a success story ? Perhaps
Is it a prudent way to invest ? No
Is it a sure win formula ? No
With a measly job and measly $1mil in cash, to go and chiong all like that, its clear the mountain behind is a big one lah.
Otherwise, just leverage 10times and go long USDRUB, can liao lah.
Muayhahahahahah....
�
Is this a success story ? Perhaps
Is it a prudent way to invest ? No
Is it a sure win formula ? No
With a measly job and measly $1mil in cash, to go and chiong all like that, its clear the mountain behind is a big one lah.
Otherwise, just leverage 10times and go long USDRUB, can liao lah.
Muayhahahahahah....
�
probably husband's family mountain is big
�
hope no one buys property like them.
�
better be like our in house mcf enye cash ong�700k keep under bed..oon oon jiak bee hoon
:p
hope no one buys property like them.
�
better be like our in house mcf enye cash ong�700k keep under bed..oon oon jiak bee hoon
:p
�
I suppose you didn't read the post on my love gift to RWS and MBS?
�
Enye, on 09 Nov 2015 - 2:59 PM, said:I suppose you didn't read the post on my love gift to RWS and MBS?
�
�
�
har? those one nite stand hit n run la..cannot be love life
�
dun disappoint us hor..jiayou
i smell the 2nd wave of prop price decline coming... just as US fed raises rates... even a 0.25% increase in FFF has already been priced in short term rates... short end of curve rose sharply... beginning of yield curve inversion... time for the hibernating bear to come n taste some blood over next few yrs... its 1998-2000 redux
�
http://www.propertyg...le-jervois-jade
�
nah D9 LH cheaper than mass mkt wahahah
Edited by Duckduck, 09 November 2015 - 06:26 PM.
I don't like her method as well, but you seem to have figured out a prudent and sure-win formula to invest. Kindly share your methods with us bros.
Gam siah.
Macau Casino Show Hand, thats how i made my money.
http://www.propertyg...ing-of-the-year
joke of the year
Much depends on your sense of humor. Some more serious groups will take it more seriously.
http://edition.cnn.c...-festival-2015/
http://www.independe...s-a6725391.html
Much depends on your sense of humor. Some more serious groups will take it more seriously.
http://edition.cnn.c...-festival-2015/
http://www.independe...s-a6725391.html
�
its an eyesore to me. too many blocks facing in different directions... did they get inspired by a toddler playing w his duplo?
Edited by Duckduck, 09 November 2015 - 08:26 PM.
its an eyesore to me. too many blocks facing in different directions... did they get inspired by a toddler playing w his duplo?
I agree to an extent. But the more I looked the more I appreciated it as an engineering challenge and unique landmark.
But I am aware that most eastern mindset will not appreciate the messiness. Different viewpoints I guess.
Well done well done. Building of the Year, indeed. Muayhahahaha
Fine Arts usually takes a long time to be properly Appreciated.
Whenever i drive on ECP pass Interlace i will admire it's architecture.
Too bad i dun have the moolah to make it my Home nest...
It's a nice Project to call home for me.
�
�
Fine Arts usually takes a long time to be properly Appreciated.
Whenever i drive on ECP pass Interlace i will admire it's architecture.
Too bad i dun have the moolah to make it my Home nest...
It's a nice Project to call home for me.
Appreciating architecture is totally different from having to live in it.
The correlation can be inversed.
With more than a thousand units and all that twisting, staying there is definitely different from looking at it from afar.
Attached Thumbnails
Nice hand furs there...Heres another one with award winning design
JUST SOLD: Historical high for 5-room flat in Bukit Merah
By Tan Chee Yuen / The Edge Property | November 12, 2015 3:06 PM MYT
A 1,216 sq ft 5-room HDB flat in Bukit Merah changed hands for $950,000 in October. The high-floor unit is located at 127D Kim Tian Road that was completed in 2013. This transaction represents a historical high for 5-room flats within 500m from the subject property. The next highest transaction this year was for a 5-room flat at 122 Kim Tian Road, which was sold at $920,000 in July.
127D Kim Tian Road is located 600m from Tiong Bahru MRT station. Schools nearby include Zhangde Primary School, Radin Mas Primary School and CHIJ (Kellock). It is just a stone�s throw away from the vibrant Tiong Bahru estate, which houses hip caf�s, niche boutiques and retail shops.
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Problems with all these developers is , they only think about their own profits and lack vision for the "bigger" picture , of coz baring some which are classmates to some can simply give a call to ask.
�
Do you wish to "burden" your future generation with an unrecoverable debt or do we just bite the bullet and let those grossly overweight developers which has made huge amounts over the years in billions to learn a lesson on sustainable economics.
�
The "middle class" is the single most important chess piece which made singapore where it is. By protecting the middle class do you ensure everyone in the the pyramid will have something. It is just a matter of keeping or killing the golden goose.
�
If we only choose to "protect" the few "privilledged" , we run a risk that 1. we do not attract talent and 2. force whatever talents we have left to leave as they are simply too many places around the world which we can live comfortably with the amount we pay for our housing.
�
Some places are still 1.6k~2.5k psf for sub par places? haha don't be a joke.
Edited by CH_CO, 13 November 2015 - 03:44 PM.
Cry father cry mother again. Boohoo profits dropped.
https://sg.finance.y...-005517703.html
When they made more every year during good years, did they request for curbs to be tighter?
If not, now that they are making less, they should not be requesting curb to be looser, right?
Lame .
nabei ... listed company profit dropped also govt taiji tua diao
the ceo eat shit one ar?
if the ceo cannot manage the company ... no vision ... no long term planning ... resign la
when the market is hot ... made hundreds of millions and laughing to the bank ... then what?
�
�
City Developments� group attributable profit after tax and non-controlling interests slid 16 percent to S$106.4 million ($75 million) in the quarter ended Sept. 30. The group will continue to monitor market conditions carefully before it starts marketing its new condominium project Gramercy Park near the city�s shopping belt of Orchard Road. The shares slid 0.7 percent to S$7.66 at 1:56 p.m. in Singapore trading, extending this year�s drop to 26 percent.
Edited by Wt_know, 13 November 2015 - 06:14 PM.
They will blame the system when things don't go their way. I have met many , claims to be friends/classmates to this minister that minister but when these people go overseas to compete for business , they suddenly drop out of the picture as they are too used to the competitive advantage they are given by their classmates and friends.
Just look at the amount of respect our neighbours give to our ministers , our ministers only know how to talk but if they really wanna help they can activate the entire combat engineer battalion to create buffer zones to stop the fire, instead they offer very little. Typical actions of the present generation.
Many of such people can only be king of the monkey mountains but throw them to the wide world , how many can actually do business or create value , out of these scholars , I doubt more than 50% can.
Study is just part of our lives , the current education system though changing has created 20 years worth of robots, it is also evident here in the forums , where rules are also tier having to conform despite stating the fact we agree to disagree. Yet time and time again , despite stating obvious facts I still get penalised for tone. And this is not just one of them.
I blame the system for this. Anything wrong just blame the system :) I learnt from the social media. But they fail to understand they cannot do anything else outside the system.
Edited by CH_CO, 14 November 2015 - 03:50 PM.
That's what scholars do!
They will blame the system when things don't go their way. I have met many , claims to be friends/classmates to this minister that minister but when these people go overseas to compete for business , they suddenly drop out of the picture as they are too used to the competitive advantage they are given by their classmates and friends.
Just look at the amount of respect our neighbours give to our ministers , our ministers only know how to talk but if they really wanna help they can activate the entire combat engineer battalion to create buffer zones to stop the fire, instead they offer very little. Typical actions of the present generation.
Many of such people can only be king of the monkey mountains but throw them to the wide world , how many can actually do business or create value , out of these scholars , I doubt more than 50% can.
Study is just part of our lives , the current education system though changing has created 20 years worth of robots, it is also evident here in the forums , where rules are also tier having to conform despite stating the fact we agree to disagree. Yet time and time again , despite stating obvious facts I still get penalised for tone. And this is not just one of them.
I blame the system for this. Anything wrong just blame the system :) I learnt from the social media. But they fail to understand they cannot do anything else outside the system.
Muayhahahah
Nod nod
You mean still available????!?!?!??
Attached Thumbnails
Cocomax very yummy
US going to raise interest rate! They have been holding back for a while. Property counters are in red, see how long they�can hold. Markets also got shaken by Paris attacks, sentiments are poor.
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Heres all three in a row for a friday....nuff said
�
How can you read 3 different pages of ST with the same watch?�
Source: CNA Twitter
�
CDL deputy chairman Kwek Leng Joo has passed away in his sleep.
Source: CNA Twitter
�
CDL deputy chairman Kwek Leng Joo has passed away in his sleep.
�
wah i used to see him driving his lexus to work at republic plaza every morning... he drove himself but sometimes got the maybach...
How can you read 3 different pages of ST with the same watch?
Ahhhh......
But they all happen to be on the same page.
62 is too young to die.....for a billionaireSource: CNA Twitter
CDL deputy chairman Kwek Leng Joo has passed away in his sleep.
Developers offering fewer indirect discounts
Nov 16, 2015
Once popular with private homebuyers, indirect discounts like furniture vouchers and cash rebates have become less prevalent, reported The Business Times.
In fact, only three percent of some 3,850 non-landed private homes sold by developers since 25 May had indirect discounts, with an average discount of 1.7 percent of the transacted price. The units were from 18 of the 132 projects that saw sales since 25 May, according to an analysis of developers� new sales data.
Notably, legislative amendments requiring developers to submit detailed transaction data to the Controller of Housing every week took effect on 25 May this year. The said data is then published by the Urban Redevelopment Authority (URA).
Aside from the transacted prices of units, developers are also required to declare the value of benefits given to buyers, such as rental guarantees, cash rebates, furniture vouchers, and the absorption of legal fees or stamp duties, which would otherwise conceal the actual value of the units sold.
�There was a season when discounts, rebates and other perks were dangled as carrots to attract buyers. However, these may be relatively pass� today,� said Tan Tee Khoon, managing director of KF Property Network, a Knight Frank subsidiary.
This is because developers may find it pointless to give out cash rebates now that such data has become public information, said Savills research head Alan Cheong., As such, developers who need to urgently clear their stock in order to meet the Additional Buyer�s Stamp Duty (ABSD) and Qualifying Certificate (QC) requirements are more likely to lower prices directly.
The QC rule requires developers to pay extension fees for condominium units sold within two years of the project�s completion. Since December 2011, housing developers were also required to develop residential sites acquired and sell all the units within five years to qualify for an ABSD remission on land cost.
Projects offering indirect discounts since May to qualify for the remission of ABSD include The Venue Residences, Jewel Buangkok, Pollen & Bleu and The Glades. Those unaffected by ABSD or QC include Keppel Land�s Corals at Keppel Bay, City Developments Ltd�s D�Nest and Coco Palms, and Far East Organization�s The Seawind.
Realty check: How did local developers fare in Q3?
Sales remained muted as rate hike jitters rise.
Most locally-listed property developers continued to suffer poor domestic residential sales in the third quarter, as Singapore�s property market continued to remain stifled by several rounds of cooling measures.
Singapore Business Review combed through the financial statements of some of the city-state�s largest developers to discover how each company fared during the past three months, and discovered that most firms are bracing for a tougher sales environment in coming months.
CapitaLand
During the quarter, CapitaLand sold 45 residential units in Singapore, fairly flat when compared to 42 units sold in the same period last year. However, the group�s domestic home sales for the first nine months of 2015 stood at just 151 units, a far cry from 237 units sold from January to September in 2014. Year-to-date September sales value was also lower at $412m compared to $444m last year.
To cope with slower domestic sales, CapitaLand will continue to focus on its China residential portfolio, which booked strong sales in the past quarter. It will also continue to expand in growth markets such as Vietnam, Indonesia and Malaysia.
�The Group expects the impact of the property cooling measures and concerns over interest rate hikes to continue to weigh on the private residential market. CapitaLand will phase the launches of its residential projects according to the market condition. The sites at Cairnhill Road and Victoria Park Villas will be launch-ready in early 2016,� CapitaLand said in its financial statement.
City Developments
In its third quarter report, City Developments issued a strongly-worded statement urging the government to lift cooling measures. The group's property development arm booked significantly lower profits in the third quarter, dropping from $99.8m in the same period last year to $64.1m in 3Q15.
Despite challenging market conditions, the group still launched The Brownstone, a 638-unit joint venture Executive Condominium at Canberra Drive in Sembawang. The Brownstone is the first development of its kind to use the innovative Prefabricated Prefinished Volumetric Construction (PPVC) method, which is in line with the Government�s drive to boost productivity, promote easier-to-build designs and labour-efficient construction methods. The use of PPVC is the first of its kind in Asia and likely the world�s largest application for large-scale residential projects. The project has sold 289 units to date.
Other soon-to-be-launched developments by CityDev include Gramercy Park, its upmarket 174-unit freehold condominium project at Grange Road and 190-unit South Beach Residences is expected to be completed by Q2 2016. CityDev said that it will closely monitor market conditions prior to launching these projects.
In order to survive the cooling domestic residential market, CityDev remains dead-set in its efforts to diversify into overseas markets.
�The Group is making headways in its diversification efforts, growing its overseas real estate platforms, expanding its hotel portfolio and developing funds management; while keeping a close tab on the Singapore property market. The Group�s business DNA is opportunistic yet disciplined,� CityDev said.
Frasers Centrepoint
Frasers Centrepoint, which reported its full-year results early in November, said that its profit before tax for development properties in Singapore grew significantly during the year. Singapore property development PBIT rose to $235m for the full year, due mainly to large contributions from its Twin Waterfalls Executive Condominium project in Punggol.
The group also enjoyed robust sales at North Park Residences, a mass-market condominium project located in Yishun. The Singapore portfolio achieved sales of more than 760 units in the current year with close to 600 units contributed by North Park Residences. FCL also noted that it is looking to launch its Parc Life EC in Sembawang next year.
The government has also indicated that it is unlikely to ease the cooling measures in the short term. Given the challenging conditions, the Group�s unrecognised revenue from Singapore home sales as at September 2015 has decreased to $1.2b from $1.7b a year ago,� FCL said in its financial statement.
Wheelock�s net profit up 2% to $11m in Q3
On back of higher luxury home sales.
Mainboard-listed luxury property developer Wheelock Properties reported that its net profit inched up 2% to $11m in the third quarter, driven by units sales at The Panorama, Scotts Square and Ardmore Three.
However, this was partially offset by lower rental income from Scotts Square Retail.
The group�s revenue surged 269% to $84m during the quarter, driven by a net gain on disposal of the Group�s investment in quoted securities.
In light of the weak luxury residential market, the group expects rental income from Wheelock Place and Scotts Square Retail will continue to contribute to its recurring income. It also expects its investments in quoted securities to provide regular source of income.
New private home sales surged 60% to 546 units in October
This marks a three-month high.
Developers sold a total of 546 new private condominiums in October, a substantial 60% increase compared to just 341 units sold in September.
Data from the Urban Redevelopment Authority (URA) show that the two best-selling developments were those that launched last month, namely Principal Garden at Prince Charles Crescent and Thomson Impressions at Lorong Puntong. Each
Principal Garden sold 113 units out of 200 launched at a median price of $1,633 psf, while Thomson Impressions moved 80 out of 150 units at a median price of $1,399 psf.
Over in the Executive Condominium segment, developers sold just 276 units in October, 4% lower compared to September sales.
http://www.theedgepr...lat-bukit-merah
JUST SOLD: Historical high for 5-room flat in Bukit Merah
By Tan Chee Yuen / The Edge Property | November 12, 2015 3:06 PM MYT
A 1,216 sq ft 5-room HDB flat in Bukit Merah changed hands for $950,000 in October. The high-floor unit is located at 127D Kim Tian Road that was completed in 2013. This transaction represents a historical high for 5-room flats within 500m from the subject property. The next highest transaction this year was for a 5-room flat at 122 Kim Tian Road, which was sold at $920,000 in July.
127D Kim Tian Road is located 600m from Tiong Bahru MRT station. Schools nearby include Zhangde Primary School, Radin Mas Primary School and CHIJ (Kellock). It is just a stone�s throw away from the vibrant Tiong Bahru estate, which houses hip caf�s, niche boutiques and retail shops.
�
The collapse in the price is just terrible.
�
http://sbr.com.sg/re...nits-in-october
New private home sales surged 60% to 546 units in October
This marks a three-month high.
Developers sold a total of 546 new private condominiums in October, a substantial 60% increase compared to just 341 units sold in September.
Data from the Urban Redevelopment Authority (URA) show that the two best-selling developments were those that launched last month, namely Principal Garden at Prince Charles Crescent and Thomson Impressions at Lorong Puntong. Each
Principal Garden sold 113 units out of 200 launched at a median price of $1,633 psf, while Thomson Impressions moved 80 out of 150 units at a median price of $1,399 psf.
Over in the Executive Condominium segment, developers sold just 276 units in October, 4% lower compared to September sales.
�
The collapse in sale volume is just terrible.
�
The group�s revenue surged 269% to $84m during the quarter, driven by a net gain on disposal of the Group�s investment in quoted securities.
In light of the weak luxury residential market, the group expects rental income from Wheelock Place and Scotts Square Retail will continue to contribute to its recurring income. It also expects its investments in quoted securities to provide regular source of income.
�
The collapse in revenue is just terrible.
�
(although its driven by disposal)
�
�
The collapse in sale volume is just terrible.
�
�
�
month on month figures are pretty pointless. look at historical 10yr monthly sales u will see how weak the current sales mkt is..
�
anyway this is MCF i cant get too technical or else sure kena bashed lol
Edited by Duckduck, 16 November 2015 - 08:06 PM.
month on month figures are pretty pointless. look at historical 10yr monthly sales u will see how weak the current sales mkt is..
�
anyway this is MCF i cant get too technical or else sure kena bashed lol
�
If the share price of developers collapse
�
I promise to go in and save them.
�
http://www.propertyg...irect-discounts
Developers offering fewer indirect discounts
Nov 16, 2015
Once popular with private homebuyers, indirect discounts like furniture vouchers and cash rebates have become less prevalent, reported The Business Times.
In fact, only three percent of some 3,850 non-landed private homes sold by developers since 25 May had indirect discounts, with an average discount of 1.7 percent of the transacted price. The units were from 18 of the 132 projects that saw sales since 25 May, according to an analysis of developers� new sales data.
Notably, legislative amendments requiring developers to submit detailed transaction data to the Controller of Housing every week took effect on 25 May this year. The said data is then published by the Urban Redevelopment Authority (URA).
Aside from the transacted prices of units, developers are also required to declare the value of benefits given to buyers, such as rental guarantees, cash rebates, furniture vouchers, and the absorption of legal fees or stamp duties, which would otherwise conceal the actual value of the units sold.
�There was a season when discounts, rebates and other perks were dangled as carrots to attract buyers. However, these may be relatively pass� today,� said Tan Tee Khoon, managing director of KF Property Network, a Knight Frank subsidiary.
This is because developers may find it pointless to give out cash rebates now that such data has become public information, said Savills research head Alan Cheong., As such, developers who need to urgently clear their stock in order to meet the Additional Buyer�s Stamp Duty (ABSD) and Qualifying Certificate (QC) requirements are more likely to lower prices directly.
The QC rule requires developers to pay extension fees for condominium units sold within two years of the project�s completion. Since December 2011, housing developers were also required to develop residential sites acquired and sell all the units within five years to qualify for an ABSD remission on land cost.
Projects offering indirect discounts since May to qualify for the remission of ABSD include The Venue Residences, Jewel Buangkok, Pollen & Bleu and The Glades. Those unaffected by ABSD or QC include Keppel Land�s Corals at Keppel Bay, City Developments Ltd�s D�Nest and Coco Palms, and Far East Organization�s The Seawind.
Correct, indirect discounts cant help them hide the lowered prices anymore.
Moreover its a headache for them to report so nowadays they give direct discounts.
That should have been the way from the start
Review property curbs now, listed developers urge
16 Nov 2015
It needs to be done as soon as possible.
Residential developers have intensified their call to ask the government to ease some property cooling measures, as their earnings continue to shrink in tandem with steadily falling property prices.
In its earnings statement released after market hours on Thursday, City Developments urged policymakers to lift cooling measures �as soon as possible�. Singapore�s second-largest developer suffered a 16% profit drop in the third quarter, mainly due to lower contributions from its property development segment.
�The Group continues to hold the view that the property cooling measures need to be reviewed as soon as possible, given that home ownership rate in Singapore is over 90%. Timing is the most important factor to achieve a healthy and sustainable property market,� CityDev said.
Earlier in November, the quarterly Real Estate Sentiment Index released by the National University of Singapore (NUS) and the Real Estate Developers� Association of Singapore (REDAS) showed that market sentiment among developers dropped further during the third quarter.
�The sentiment in the market continues to weaken in 3Q2015. The weak sentiment has spilled over to prime retail and office sectors. More respondents have called for the removal of some of the cooling measures, such as ABSD and SSD to arrest the worsening market condition,� said Sing Tien Foo, Associate Professor at NUS.
An overwhelming 83.1% of the respondents felt that the government should lift or tweak the existing cooling measure over the next six months. 60.8% of them indicated that the additional buyers� stamp duty (ABSD) should be lifted, while 56.7% of respondents indicated that the sellers� stamp duty (SSD) should be lifted.
�ABSD should be removed due to the tight supply of housing in the market. ABSD should not be a permanent policy as it creates inefficient market equilibrium. Furthermore, it does not encourage financial prudence. MSR and TDSR are based on ratios and percentages. Percentages only address the issues of the average category and could be too harsh or too lenient,� said one unnamed survey respondent.
��The Additional Buyer�s Stamp Duty should be lifted as private residential property prices had dropped by about 8% in 2Q 2015 compared to the third quarter of 2013. However, the Total Debt Servicing Ratio should be retained,� another added.
Figure 1a: Residential units launched by developers
Figure 1b: Residential units sold by developers
Attached Thumbnails
http://sbr.com.sg/re...developers-urge
Review property curbs now, listed developers urge
16 Nov 2015
It needs to be done as soon as possible.
Residential developers have intensified their call to ask the government to ease some property cooling measures, as their earnings continue to shrink in tandem with steadily falling property prices.
In its earnings statement released after market hours on Thursday, City Developments urged policymakers to lift cooling measures �as soon as possible�. Singapore�s second-largest developer suffered a 16% profit drop in the third quarter, mainly due to lower contributions from its property development segment.
�The Group continues to hold the view that the property cooling measures need to be reviewed as soon as possible, given that home ownership rate in Singapore is over 90%. Timing is the most important factor to achieve a healthy and sustainable property market,� CityDev said.
Earlier in November, the quarterly Real Estate Sentiment Index released by the National University of Singapore (NUS) and the Real Estate Developers� Association of Singapore (REDAS) showed that market sentiment among developers dropped further during the third quarter.
�The sentiment in the market continues to weaken in 3Q2015. The weak sentiment has spilled over to prime retail and office sectors. More respondents have called for the removal of some of the cooling measures, such as ABSD and SSD to arrest the worsening market condition,� said Sing Tien Foo, Associate Professor at NUS.
An overwhelming 83.1% of the respondents felt that the government should lift or tweak the existing cooling measure over the next six months. 60.8% of them indicated that the additional buyers� stamp duty (ABSD) should be lifted, while 56.7% of respondents indicated that the sellers� stamp duty (SSD) should be lifted.
�ABSD should be removed due to the tight supply of housing in the market. ABSD should not be a permanent policy as it creates inefficient market equilibrium. Furthermore, it does not encourage financial prudence. MSR and TDSR are based on ratios and percentages. Percentages only address the issues of the average category and could be too harsh or too lenient,� said one unnamed survey respondent.
��The Additional Buyer�s Stamp Duty should be lifted as private residential property prices had dropped by about 8% in 2Q 2015 compared to the third quarter of 2013. However, the Total Debt Servicing Ratio should be retained,� another added.
Figure 1a: Residential units launched by developers
Figure 1b: Residential units sold by developers
Why so scared?
Can take profits cannot take a bit of heat?
I say let it burn.... at least another 20% downwards , muayhahahahah
T2 ..ur hand looks like having an "orgasm"Huh i thought these are all sold out?????
http://www.mycarforu...1447500473.jpeg
You mean still available????!?!?!??
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