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Showing posts from 2013

Another reason why shoeboxes continue to remain viable investments

Most of their AV is below 30k.

TOP in Nov 2013

122 units of Questa @ Dunman 16 units of The Cherrywood 7 units of The Bliss 30 units of Straits Residence 28 units of Residences 88 55 units of Parc Bleu 1145 units of The Minton 28 units of Boulevard Vue

Kinky bathroom in shoebox

Can you guess which project?

Resale prices continue to soften

Resale private home prices continued to soften in October as new projects lured buyers away from the secondary market. Overall prices of resale private homes fell 1.2 percent last month based on flash estimates of the NUS Singapore Residential Price Index (SRPI). This is in comparison to the 0.9 percent decline seen in September. Prices of resale homes in the central region (excluding small units) dropped 1.4 percent, while those outside the central region dipped one percent last month.  Meanwhile, small units or units with floor areas of 506 sq ft or below saw prices drop by 0.2 percent.   Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories emailromesh@propertyguru.com .

TOP in Oct

16 units of iLiv @ Grange 56 units of Aristo @ Amber 25 units of City Studios 99 units of Suites @ Paya Lebar 147 units of L'Viv 97 units of Centennia Suites 6 units of Re Charge @ 303 6 units of 4 Carpmael Rd 280 units of Vista Residences 64 units of iSuites @ Palm 121 units of Este Villa 22 units of 25 Ewe Boon Rd

SHOCKING 398sf 2br with 2baths!

Guillemard Suites

Shoebox sales most active in suburbs

http://www.propertyguru.com.sg/property-management-news/2013/11/36923/Sales%20of%20shoebox%20units%20most%20active%20in%20suburbs With its lower price quantum and higher rental yields, shoebox units or units that are 50 sq m and below are gaining popularity particularly in the Outside Central Region (OCR), according to a Knight Frank report.During the first nine months of 2013, the OCR accounted for 53.3 percent of new sale shoebox transactions. The report noted that this proportion "spiked to 78.7 percent in Q3 2013 due to strong sales at J Gateway, which had 223 caveats lodged for shoebox units in the quarter". The OCR also registered the highest increase in prices, with the average psf price rising 10.7 percent to S$1,523 psf. Prices of high-end shoebox units in the Core Central Region (CCR) climbed by 2.2 percent to S$2,322 psf, while mid-tier shoebox units in the Rest of Central Region (RCR) rose 8.8 percent to S$1,640 psf.The rise in prices has narrowed the price ga...

Alex Residences 1br 506sf

Good layout, despite balcony being as big as living room.

Demand for shoebox units rose for three consecutive quarters

The average price is over $1m. Savills' analysis of the caveats lodged from Q1/2012 to Q3/2013 shows that in the new sale segment, home buyers are now favouring smaller private non-landed homes islandwide, with sizes from >60 sq m to 80 sq m. Here's more from Savills: The demand for these types of units has risen for three consecutive quarters from 17.7% in Q4/2012 to 28.2% in Q3/2013, registering almost 1 percentage point more than units sized =60 sq m, which include one-bedroom apartments and "shoe-box" units. At the same time, the percentages of relatively big units (>100 sq m) have been gradually shrinking since early this year. Our analysis also reveals that the average price quantum for the units sized >60 sq m to 80 sq m was about S$ 1,100,000, while that of the bigger units of >100 sq m to 120 sqm was about $ 1,490,000. These findings suggest that there were a number of buyers who entered the market, had their budgets crimped by ...

How 'affordability crunch' urged homebuyers to opt for smaller sized units

http://m.sbr.com.sg/residential-property/news/how-affordability-crunch-urged-homebuyers-opt-smaller-sized-units Demand for big units has been gradually shrinking. Savills analysis of the caveats lodged from Q1/2012 to Q3/2013 shows that in the new sale segment, home buyers are now favouring smaller private non-landed homes islandwide, with sizes from >60 sq m to 80 sq m. Savills noted that the demand for these types of units has risen for three consecutive quarters from 17.7% in Q4/2012 to 28.2% in Q3/2013, registering almost 1 percentage point more than units sized ≤60 sq m, which include one- bedroom apartments and "shoe-box" units. At the same time, the percentages of relatively big units (>100 sq m) have been gradually shrinking since early this year. Here's more from Savills: Our analysis also reveals that the average price quantum for the units sized >60 sq m to 80 sq m was about S$ 1,100,000, while that of the bigger units of >100 sq m to 120 sqm was ab...

8700 shoeboxss to hit resale market till 2017

[SINGAPORE] At least 8,700 shoebox units are expected to hit the resale market between now and 2017, as the Seller's Stamp Duty (SSD) lock-in period approaches expiry. While this figure is more than double the current completed shoebox residential stock of 3,472 units, signs in the market suggest that demand for such resale units remains relatively resilient amid a slow-moving overall resale market. This figure, revealed in the latest report from the Singapore Real Estate Exchange (SRX), is predicated on a first wave of at least 805 resale units - comprising units bought between Aug 30, 2010 and Jan 13, 2011 - and a second wave of at least 7,910 units entering the market from 2015 to 2017. It also assumed that the first wave of units would be sold in the fourth year of acquisition, which attracts a 4 per cent SSD. This is a reasonable assumption given that these units have, on average, achieved capital gains of around 30 per cent over the three-year SSD lock-in...

Balestier walkabout

368 Thomson Cube 8 8 Raja Vista Residences Gaia Domus Skysuites 17 VA Residences Viridian Interweave Cosmo Loft Cradels Urban Heritage Okio

Lavender/Farrer Park walkabout

Kitchener Complex Cavan Suites Jln Besar punggol nasi lemak Le Somme Citron Residences site Connexion mediplex Farrer Square Rangoon 88 Loft @ Rangoon Jool Suites Hertford Collection The Urbanite Cityscape City Studios Farrer Park swimming complex Ritz @ Farrer 28 RC Suites

The Vue performance

Haig 162 performance

Espada tenancy performance

Assuming purchase price 1mil, gross yield 4%. Not bad at all for ccr which averages 3%.