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Singapore Property Kaki

A place for sharing property, investments and financial management ideas among kakis

Paying S$1,300 psf for a EC in future? Are you serious?

How much hotter can the Singapore property market get? Few days back, CDL put in a top bid of S$583 psf ppr for an Executive Condominium site at Sumang Walk in Punggol. It was not just CDL’s tender price that set a new record price for an EC land. In fact, all the 17 bids were above the previous record price paid for the Lake Life EC site in 2013. […]

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Growing Optimism over Singapore Property Market

What are Singaporeans’ views on the local property market? Below is an extract of the findings from PropertyGuru Consumer Sentiment Survey: 46% of Singapore’s home buyers anticipate prices to rise further this year Satisfaction levels in the Singapore residential market have gone up (37%) but unsatisfaction levels are still higher (42%). About 21% of respondents are neutral. The record satisfaction level is due to the anticipation of long-term capital appreciation […]

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Weekly Kopi Talk (17/2/18 – 23/2/18)

21st Feb 2018 – Implicit message in buyer’s stamp duty hike SPK: As mentioned in my earlier blog post, this increase in BSD rates is not going to hurt most of us unless you are going for a high-end property. In fact, prior to the Budget, the market was expecting the government to introduce more drastic measures to cool the heated enbloc market. This mild measure seems to be a good news […]

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Buyer’s Stamp Duty has just been raised. What should I do?

Oh no! The government has just raised Buyer’s Stamp Duty for residential properties! What should I do? Should I exercise my option now before the clock strikes 12? More cooling measures coming up? Is the market going to CRASH??? Fret not. I am here to give you (my) answers! First of all, let’s not get confused. The additional 1% BSD is applicable for property value in excess of S$1 million. […]

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So I was wrong

I have to admit that I am wrong this time round. This morning, property giant Capitaland announced that it has acquired the iconic Pearl Bank Apartments in Outram Park area for S$728 mil, at the reserve price of the sellers. The site has a land area of 82,376 sq ft and plot ratio of 7.45, translating to a permissible GFA of approximately 613,701 sq ft. Capitaland will pay an additional […]

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Weekly Kopi Talk (3/2/18 – 9/2/18)

8th Feb 2018 – Singapore budget not expected to target property upswing SPK: I agree. As of now, there is already a very stringent set of rules and penalties (Qualifying Certificate extension charge and Additional Buyer Stamp Duty remission clawback) if developers cannot sell all their units within 5 years from the date that they acquire the site. Even though the Singapore government is getting concern on the activities in the collective […]

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Why Frasers Property is raising prices at Seaside Residences

Just two weeks ago, I blogged about why Seaside Residences may sell like hotcakes this year. Today, I heard that Seaside Residences has just raised its selling prices by 1% on average. Coincidentally, it was also reported today that the nearby Fernwood Towers is close to launching an enbloc sale. Is it a coincident or a premeditated move by Frasers Property to raise prices at Seaside Residences? Firstly, let us […]

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5 things to expect with the legalization of short-term home sharing in Singapore

The wait is finally over (soon)! Yesterday’s Sunday Times reported that the proposed home-sharing rules will be released before April for feedback. Looks like short-term home sharing is here to stay. Despite the recent clampdown by authorities, the number of listings for homes as well as single rooms and shared rooms has risen from 7,781 in May 2017 to 8,601 in December the same year, an 11 per cent increase […]

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