Chart is courtesy of Singapore Business Review |
Property News
Friday 18 September 2015
Curbs will likely be eased soon
The chart below shows that, historically, the government had reversed their policy stance after the property prices dropped between 8.3% to 16.4%. For the current cycle, the price has already dropped 6.9% from the peak. All these are pointing towards an eminent easing of curbs soon.
Saturday 18 July 2015
Singapore must plan for 10 million population: Ex-HDB chief
It's about survival and economics. Having a population of 6.9 million as proposed by the authority in 2013 is not unreasonable. Singapore is looking at a population of 10 million beyond 2030 for survival.
Full article here
Full article here
Data as of Sep 2014 |
Sunday 17 May 2015
Gateway to Singapore
Picture courtesy of URA |
Jurong Country Club will be redeveloped into High Speed Rail Terminus. When completed, Jurong will be the Gateway to Singapore. Jurong is dubbed the 2nd CBD of Singapore. It will be the only CBD outside the current CBD.
Vision Exchange, a Sim Lian commercial project, is strategically located at Jurong Gateway.
View high resolution picture here.
Friday 8 May 2015
Core Central Region
The property market in Singapore is divided into 3 segments.
1. Core Central Region
The boundary of the Central Region is as shown in the map below. The breakdown of the Core Central Region is also shown in the map below.
3 Market Segments |
1. Core Central Region
2. Rest of Central Region
3. Outside Central Region
The boundary of the Central Region is as shown in the map below. The breakdown of the Core Central Region is also shown in the map below.
Core Central Region |
Friday 13 March 2015
Let's look at numbers
Let's look at the sales and rental transactions over the last 4 years. Here are some observations from the past transactions.
- The sales to rental ratio of the 60/40 has shifted to 80/20 over the years. While the sales transaction has dropped, the rental transaction has gone up.
- The sales transaction has fell from 32,000 to 12,000. Despite the drop in sales volume, the property prices remain elevated. The answer lies in Singapore sound economic fundamentals and sellers’ power to hold the price in spite of the drop in sales volume.
- If the rental transaction is up, why is the rental market facing price pressure and also takes a longer time to rent out? One of the reasons is because the market is receiving a lot of newly completed units in 2014.
- The ratio of 80/20 is artificially suppressed due to the countermeasures. It shall return to the healthy ratio of 60/40 in time to come.
The resale market shall return!
Saturday 6 September 2014
Sim Lian tops bids for EC site, beating market expectations
Located about 550 metres from Choa Chu Kang MRT Station and Bus
Interchange and Lot One Shoppers' Mall, the 1.9-hectare plot drew eight bids,
with the highest at S$361.08 psf ppr from Sim Lian Land - slightly above market
expectations.
The breakeven cost could be around S$700-720 psf. This still leaves the bidder with some cushion for a potential price softening from current levels. In the first half of this year, developers' sales of EC units averaged around S$790 psf going by caveats data, shows JLL's analysis.
Full news article
The breakeven cost could be around S$700-720 psf. This still leaves the bidder with some cushion for a potential price softening from current levels. In the first half of this year, developers' sales of EC units averaged around S$790 psf going by caveats data, shows JLL's analysis.
Full news article
Wednesday 20 August 2014
From the north to the East
Singapore's
sixth rail line will start at Woodlands before heading towards the East Coast,
and will have 31 stations spanning about 43km, New stations include Marine
Parade, Siglap and Tanjong Rhu.
News
News
Thomson East Coast Line (TEL) |
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