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
A neutral, non-biased repository of useful information on shoebox (small format or mickey mouse) homes in Singapore (and sometimes around the world). Tracking the Singapore small format homes market since 2009.