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Showing posts from 2015

More sellers selling under Seller's Stamp Duty | The Edge Property Singapore

http://www.theedgeproperty.com.sg/content/more-sellers-selling-under-sellers-stamp-duty?utm_source=Newsletter&utm_medium=Email&utm_campaign=EDM%2021.12.15%20-%20Cover%20Story More sellers selling under Seller's Stamp Duty By Esther Hoon, Lin Zhiqin | December 18, 2015 10:43 AM MYT Tags:  Cover Story Seller's Stamp Duty Parc Rosewood A Treasure Trove Ripple Bay Reflections at Keppel Bay The Minton Four Seasons Park Guillemard Edge Casa Cambio Sellers are letting go of their properties, even if they have to incur seller's stamp duty. However, they generally wait until the SSD falls to 4% in the fourth year of purchase. Based on the latest revision of the SSD measure, homeowners who purchased their houses on or after Jan 14, 2011 and resold them within four years of the date of purchase are required to pay SSD. The SSD rates vary with the holding period, at 16%, 12%, 8% and 4% within the first, second, third and fourth years from the date of purchase respective

TOP in Nov 2015

Bliss @ Kovan, 140 units @ Simon Lane Promenade @ Pelikat, 164 units @ Jln Pelikat The Viridian, 108 units @ Jln Ampas Kovan Regency, 393 units @ Kovan Rd Asimont Villas, 21 units @ Asimont Lane EuHabitat, 748 units @ Jln Eunos Devonshire Residences, 84 units @ Devonshire Rd Devonshire 12, 20 units @ Devonshire Rd

TOP in Oct 2015

Alba 50 units, Cairnhill Rise Liberte 46 units, 5 Sarkies Rd River Isles 610 units, Punggol Central 9 units, 93 Lor L Telok Kurau Leville iSuites 42 units, 28 Ceylon Rd Ripple Bay 679 units, 14 Pasir Ris Link

Shoebox apartments being left on the shelf

http://www.propertyguru.com.sg/property-management-news/2015/10/110074/shoebox-apartments-being-left-on-the-shelf?utm_source=pgsg-newsletter&utm_medium=edm&utm_campaign=consumernewsletter-tnv87&utm_content=guruview-img Oct 23, 2015 We take a Guru View at this investor favourite property sub-class, and at its market performance over the past few years. By Chang Hui Chew While most people bemoan how the sizes of their apartments have shrunk over the years, spend time in other metropolises and you'll quickly come to realize that we're actually behind the trend. For instance, New York is currently building pre-fabricated micro-apartments of about 270 square feet (about the size of a shipping container unit) right in the Brooklyn Navy Yard, for an upcoming project in East Manhattan. The calculation is rather simple: land space in Singapore is finite, a hoarded resource. However, our economy needs an expanding population to grow, to produce and consume, and all

Small units, big challenges: Mass-market shoebox rents dip 3.5% in 3Q2015

Small units, big challenges Mass-market shoebox rents dip 3.5% in 3Q2015 By Lin Zhiqin / The Edge Property | October 17, 2015 10:00 AM MYT Preliminary estimates indicate that rents for shoebox units dipped 1.9% quarter-on-quarter in 3Q2015. Mass-market shoebox units led the decline as monthly rents fell 3.5% or $73 from $2,089 in 2Q2015, to $2,016 in 3Q2015. On a brighter note, shoebox rents in the city fringe stayed unchanged from the last quarter at $2,380 per month. In the high-end segment, monthly shoebox rents fell 2.1% or $59 from $2,815 in 2Q2015, to $2,756 in 3Q2015. Shoebox units in the mass market continue to face strong competition from HDB flats for tenants. For the same rents, tenants could get a three-room HDB unit with two bedrooms and share their rental expenses with a flatmate. Based on HDB subletting contracts, the island-wide monthly rents for HDB flats averaged $1,958 for three-room units and $2,297 for four room ones in 3Q2015. On the other hand, shoebox

TOP in Sep 2015

18 units of 218 Pasir Panjang Rd (Icon @ Pasir Panjang) 40 units of 23 Anguilla Park (Skyline @ Orchard Boulevard) 106 units of Lor 26 Geylang (Rezi 26) 577 units of Bedok Reservoir Rd (Archipelago) 665 units of Yishun Ave 7 (One Canberra) 60 units of 1 Jalan Naung (Naung Residences) 38 units of 35 Lorong 20 Geylang (Treasures @ G20) 222 units of Lor M and N Telok Kurau (The Seawind) 193 units of Hillview Terrace (Natura @ Hillview) 65 units of 311 Upp Thomson Rd (Three 11 Thomson)

TOP in August 2015

15 units of 242 Balestier Rd (Urban Heritage) 12 units of 98 Lor J Telok Kurau (Serenity Breeze) 51 units of 83 Duku Rd (Aura 83) 283 units of Telok Blangah Rd (Skyline Residences) 55 units of 18 Nassim Hill (The Nassim) 276 units of 18 Seletar Rd (Seletar Park Residences)

It will take over 12 years to clear Singapore’s massive private home backlog: analysts | Singapore Business Review

http://m.sbr.com.sg/residential-property/in-focus/it-will-take-over-12-years-clear-singapore%E2%80%99s-massive-private-home-back It will take over 12 years to clear Singapore's massive private home backlog: analysts There's no hope even if take-up rates double. Private residential homes in Singapore are simply not selling fast enough to clear off the large numbe of unsold inventory. With more projects slated for completion in coming quarters, analysts at Savills warn that it will take well over 12 years to clear the inventory of unsold units in projects which are currently under development. "Adopting CCR's average monthly sales for the period January to May 2015, and assuming that there will be no further Government Land Sales (GLS), it will take about 12 years to clear the inventory of unsold units in projects under development now," Savills said. The situation becomes even more dire away from the central region, Savills said. This is because the GLS p

Shoebox influx in 2017

http://www.propertyguru.com.sg/property-management-news/2015/8/104714/Shoebox%20influx%20in%202017?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-13Aug2015&utm_content=links Investors of shoebox units may face some difficulty renting them out, reported  The Straits Times . This is because a bumper supply of shoebox units are expected to enter the market, peaking by around 2017, revealed R'ST Research data. Leasing demand for such units is also untested, with fewer foreigners able to afford them. "Increasingly, many (overseas nationals) can't even afford renting a single shoebox unit, but would instead rent a room in an apartment… Rents will be under further pressure," noted Alan Cheong, research head at Savills Singapore. Based on caveats lodged, majority of the supply will come from District 19 – Sengkang, Hougang and Punggol – with at least 700 units expected to be completed during this period. R'ST Research noted that at l

TOP in June 2015

33 units of 56A Braddell Rd (Suites @ Braddell) 36 units of 233 River Valley Rd (RV Point) 622 units of Sengkang Square (The Luxurie) 381 units of Leedon Heights (Leedon Residences) 101 units of 18 Woodsville Close (18 Woodsville) 52 units of 186 Joo Chiat Terrace (One Eighties Residence) 34 units of 8 Sing Joo Walk (8 Farrer Suites) 7 units of 285 River Valley Rd 19 units of 38 Lor M Telok Kurau (Meridian 38) 702 units of Lor How Sun (Bartley Residences)

Shoeboxes Two Years On

The housing market is near the bottom, if not already the bottom, without a doubt. Most investors either are sitting on the sidelines, suffering low yields by accepting lower rents, or seeking other avenues to dump their cash in after managing to sell bleeding assets. Those who were lucky enough to enter the market in 09/10 tell themselves they have to bite their lips and sit it out. Others who were not so lucky and bought at the peak in 11/12 curse and swear as they can never match the lower  asking rents of the early bird investors, nor their selling prices should they decide to throw in the towel. Let us understand the situation better with some stark examples. 1. Parc Imperial (D05) Poster boy in its heyday, a 366sf unit easily went for $700k and could lease for $2800-3300 per month in early 2013. That was a decent 5.7% yield. Fast forward to May 2015 two years on. A similar unit went for $2000. That translates to a 39% drop. 2. Alexis (D04) Another hot favorite. In 201

TOP in May 2015

561 units of Bedok Reservoir Rd (Waterfront Isle) 583 units of Bedok North Dr (Bedok Residences) 16 units of 38 Lor H Telok Kurau (Shiro) 55 units of 275 Thomson Rd (Novena Regency)

TOP in April 2015

88 units of 328 River Valley Rd (Oxley Thanksgiving Residence) 25 units of 35 Daisy Rd (Daisy Suites) 509 units of 7 Bishan St 15 (Sky Habitat) 493 units of Upper Serangoon View (Boathouse Residences)

TOP in March 2015

104 units of 262 Balestier Road (Okio Residences) 45 units of 39 Lorong 32 Geylang (Silverscape) 131 units of 55 West Coast Road (The Sorrento) 74 units of 8 Bassein Road (8 Bassein)

TOP Feb 2015

88 units of 340 Geylang Rd (Le Regal) 248 units of River Valley Rd (RV Residences) 41 units of 63 Cavenagh Rd (Hijauan On Cavenagh Road) 462 units of Grange Rd (Twin Peaks) 74 units of Lor K Telok Kurau (The Cristallo)

TOP in January 2015

75 units of 110 Sophia Rd (1919) 120 units of 408 River Valley Rd (Stella RV) 75 units of Ewe Boon Rd (Hallmark Residences) 36 units of Everitt Rd (Everitt Edge) 6 units of 34 Lor 30 Geylang (?) 4 units of 17 Institution Hill 21 units of 24 Jalan Punai (Qube Suites)

Shoebox units still appeal to some home buyers, investors

http://www.propertyguru.com.sg/en/property-management-news/2015/2/82198/Shoebox%20units%20still%20appeal%20to%20some%20home%20buyers,%20investors?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-02Feb2015&utm_content=links Measures aimed at curbing the excessive development of shoebox units yielded mixed impact on the offering of said units outside the central area, revealed a Knight Frank study. The study on selected private residential projects indicated the ratio of shoebox apartments located outside the central area has increased since the November 2012 guideline from the Urban Redevelopment Authority (URA) stating the maximum number of dwelling units for all new flats as well as condominium development outside the central area. Notably, Knight Frank compared private residential projects whose building plan proposals obtained provisional permission within one-and-a-half-year prior to 4 November 2012 (which was the pre-guideline period) with those wh

TOP in Dec 2014

410 units at Miltonia Close (The Miltonia Residences) 28 units at 8 Jalan Ayer (Studio 8) 452 units at Hougang Ave 7 (Parc Vera) 84 units at 3 Ardmore Park (Ardmore 3) 47 units at Robey Crescent (D'Zire) 17 units at 50A Lor H Telok Kurau (H Residences) 42 units at 131 Mackenzie Rd (The MKZ) 34 units at Ardmore Park (Sculptura Ardmore) 416 units at Pasir Ris Rise (Watercolors EC)