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Singapore Property Kaki

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Kopi Talk – Leasehold favoured over freehold properties in current en bloc fever

http://www.businesstimes.com.sg/real-estate/leasehold-favoured-over-freehold-properties-in-current-en-bloc-fever   SPK briefly talked about this observation in an earlier blog post – Deep diving into the Singapore enbloc scene (Part 1) and coincidentally, The Business Times did a full coverage on this topic this morning. Below is a summary of the expert views quoted in the Business Times article: Industry players see insufficient supply from government land sales (GLS) and strong purchasing demand for mass-market private homes among the biggest […]

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Kopi Talk – 9,300 new homes from enbloc sites? Let’s not get worried too soon

9,300 new homes to result from slew of en bloc sales, warn URA – The Business Times http://www.businesstimes.com.sg/real-estate/9300-new-homes-to-result-from-slew-of-en-bloc-sales-warns-ura Kopi Talk: Yes, the headline number of 9,300 new home supply looks bad and this figure could even be higher than what URA estimated. A reverse engineering of URA’s estimate seem to imply the following key assumptions in URA’s estimate: URA has not assumed that the developers will go for the bonus […]

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Kopi Talk – Crystal Tower enbloc – 3rd time lucky for the owners?

Crystal Tower up for en bloc sale at S$138m – The Business Times http://www.businesstimes.com.sg/real-estate/crystal-tower-up-for-en-bloc-sale-at-s138m Kopi Talk: Crystal Tower had 2 previous collective sale attempts back in 2011 and 2012, when asking prices were S$155 mil (S$1,600 psf ppr) and S$150 mil (S$1,458 psf ppr). This 3rd time round, the asking price of S$138 mil (S$1,406 psf ppr) looks more palatable to developers. The current asking price would translate to an […]

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Kopi Talk – URA’s request for en bloc tender details intrigues market

URA’s request for en bloc tender details intrigues market – The Business Times http://www.businesstimes.com.sg/real-estate/uras-request-for-en-bloc-tender-details-intrigues-market Kopi Talk Well, it is anyone’s guess on what is URA’s real intention to request for more details. URA’s fundamental objective is to ensure a stable and sustainable property market, planning for long-term sustainability and facilitating development and business needs. All these requires carefully planning and manoeuvring around the policies to ensure fairness to all stakeholders […]

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Kopi Talk – 25/10/2017

Cairnhill Mansions and adjacent site up for sale – The Straits Times http://www.tnp.sg/news/business/cairnhill-mansions-and-adjacent-site-sale Kopi Talk: At owners’ asking price of S$477 mil (S$2,100 to S$2,200 psf ppr), the estimated breakeven selling price for the developer would be around S$2,600 psf to S$2,700 psf net area and the developer will probably need to sell at S$3,000 psf to S$3,200 psf net area for profit. With the 99-year leasehold Cairnhill Nine (by […]

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Kopi Talk – 24/10/2017

En bloc contagion spreads to commercial, mixed-use properties – The Business Times http://www.businesstimes.com.sg/real-estate/en-bloc-contagion-spreads-to-commercial-mixed-use-properties Kopi Talk: Katong Shopping Centre’s last reserve price of S$630 or S$2,248 psf ppr looks a bit stretched, considering the 60% residential use requirement set by URA. Taking into consideration CDL/Hong Leong’s recent acquisition of Amber Park at S$1,515 psf ppr, and if we price KSC’s residential component at the same rate, that would imply a S$3,300 […]

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Kopi Talk – 23/10/2017

Mitsui eyes property in Singapore and consumers in Asia for growth – Business Times http://www.businesstimes.com.sg/companies-markets/mitsui-eyes-property-in-spore-and-consumers-in-asia-for-growth Kopi Talk: The Mitsui Group is no stranger to the Singapore property market. Mitsui Fudosan (a member of Mitsui Group) has an established track record of developing residential properties in Singapore via TID Pte Ltd, a JV company with Singapore’s Hong Leong Group. Through Mitsui & Co, the group will now expand its presence into […]

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