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Singapore Property Kaki

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

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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Weekly Kopi Talk (27/1/18 – 2/2/18)

1st Feb 2018 – Singapore an emerging hot market for private equity real estate funds SPK: Good and bad piece of news for Singapore office REITs. If CBRE’s projection turns out to be correct, more funds will flow into Singapore, resulting in more transactions in Singapore office market. This is likely to push up office property prices and resulting in further yield compression. It is good for raising the capital value of […]

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5 important takeaways from yesterday’s GLS tender closure that you need to know

The Government Land Sale tender for 3 residential sites closed yesterday evening. Without much surprises, the demand for land remains strong and developers are still willing to pay good prices for land. CDL turns out to be the biggest winner in yesterday’s land tender, submitting the highest bids for 2 out the 3 sites.     Below are 5 important takeaways from yesterday’s GLS tender closure that you need to […]

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Weekly Kopi Talk (20/1/18 – 26/1/18)

26th Jan 2018 – Private home prices recovered in 2017, occupancies improved, says URA SPK: Recovery in property market had been evident, but an important takeaway from the URA data is the improvement in residential occupancy rate and tapering of new supply completion over the next 2 years. This is what the property market really needs to sustain the recovery momentum. As long as owners are able to rent out their properties, […]

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