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

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

Thomson East Coast Line (TEL)

Transforming Jurong

Jurong residents can look forward to a more vibrant Jurong in a few years time. In addition, the Kuala Lumpur - Singapore High Speed Rail terminal looks set to come to Jurong. Cheers to Jurong resdents!

 

News Article

 

 

 

Sharp rise in private home purchases in Q2

In the month of May 2014 , Coco Palm at Pasir Ris and The Panorama at Ang Mo Kio lead the sales in the new launch. In June 2014, The Skywoods at Dairy Farm Heights was the top seller.

News Article on The Skywoods and The Panorama

News Article

 

 

Biggest HDB Enbloc

Queenstown is set for the biggest HDB Enbloc todate. Tanglin Halt and Dawson will be transformed as a result.

News

 

Let’s get technical

Statistics don’t lie. Since 1975 we have witnessed 4 property cycles as shown in the graph below. The current cycle which started on 2009 has not ended yet. Let’s take a closer look at the graph.
 

Here are some facts we can draw from the graph.

 

   1. The property cycle is getting shorter. We used to have more than 10 years for one cycle. Now the cycle can be as short as 5 years.

 

   2. For every downturn, there are major world events.

 

   3. History repeats itself. Every cycle, the upturn far outweighs the downturn

 

   4. The current cycle is the 5^th Cycle since 1975. We are into the 5^th year of the current cycle.

 

    Where is the current cycle going to head?

                 When is the current cycle going to end?

                 What are the major world events in the current cycle?

 

Source:  http://www.singaporepropertycycle.com.sg/

 

 

 

Summary of all the cycles

More than $2 billion were invested into oversea property in 2013

Is this out flow of cash into oversea property, a result of the countermeasures implemented in recent months? Looks like people are still buying properties. When the going gets tough in the local property market, buyers are buying foreign property.

News Article

It's a matter of pricing it right

New launches in the property market are still moving. It’s a matter of pricing it right. Buyers are snapping up units at the relaunch of The Panorama.

News article

 

Tuas or Jurong?

Tuas West and Jurong East are two locations being considered for the Singapore terminal of the proposed high speed rail linking Singapore and Kuala Lumpur, said Prime Minister Lee Hsien Loong on Monday. There is a hot discussion in the property forum discussing on the possible site for Singapore high speed rail (HSR) terminal.

News Article

Singaporeans make it big in real estate

Singapore's rich have taken a more traditional path to their billions by that most basic of economic activity - real estate. Half of Singapore's 16 billionaires on the Forbes list derive their wealth from property development and hotels. And on Singapore's Top 50 Rich List, released by Forbes last August, nearly half were property tycoons too.

Article in PDF

 

Where is property price heading?

The two biggest items in determining the price of a condominium are Land Price and Construction Cost. With land price averaging at $700 per square feet per plot ratio and the construction cost approaching $300 per square feet, the breakeven price is more than $1000 per square feet regardless of the location of the project. So, with Land Price and Construction Price at these levels, where do you think the selling price is heading? Would you expect the land price and construction cost to come down, moving forward? If the answers are no, then how would you expect the selling price to drop below $1000 psf.

Selling price of more than $1000 psf is not unreasonable and will be here to stay.

 

Breakeven Price

 

 

Excuse me! Are you an Easterner?

District 18, comprising Pasir Ris, Tampines and Simei, is one of the most self-sustaining regions in Singapore. There are plenty of good schools, malls and eateries. Downtown East and Pasir Ris Park provide a perfect getaway for families without having to get away. Aloha Loyang and Pasir Ris Kid Kampong will keep the residents occupied during the weekends.

 

News Article

Where is property price heading?

Despite expectations of more headwinds, developers are unlikely to lower prices, according to a recent report in The Business Times.

 

 

News article in PDF

 



Excitements at Changi Village

Hope everyone had a great start to the new year.

Here is the first great news of the year. More excitements to spruce up Changi Village in this brand new year. Changi Village is on track to be developed into a sports and recreational centre. Some of the colonial buildings around Changi Village are undergoing some face lifting.

News article