Advertisements

Singapore Property Kaki

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

Weekly Kopi Talk (13/1/18 – 19/1/18)

15th Jan 2018 – Home loan gets pricier as banks hike interest rates again SPK: A 30 basis points increase for a S$1 mil loan would translate to an extra S$144 every month in mortgage repayment. For a household that earns S$12,000 a month, the increase is only 1.2% of their combine income. When interest rate approaches 3.5%, it is time to be cautious as banks may start to increase their stress-testing […]

Advertisements

Continue Reading →

MAS puts more scrutiny on bank loans for property development. Is the party ending soon?

Just a week ago, SPK mentioned 2 possible ‘Black Swan’ events that might hinder or derail the property market recovery – 1) Tightening measures from the government and 2) More stringent loan approval criteria from banks. Extract from blog post – “Thumbs up or down for property market in 2018?” Coincidentally, it was reported in The Business Times this week that the Monetary Authority of Singapore is putting more scrutiny […]

Continue Reading →

Fourth time unlucky for Pearl Bank owners?

Looks like it’s a fourth time unlucky for Pearl Bank owners. EdgeProp reported that public tender for Pearl Bank Apartments closed on 19th December and the collective sale committee had instructed marketing agent – Colliers International to enter into private treaty negotiations with interested parties. Owners were asking for S$728 mil, translating to around S$S$1,505 psf ppr after adding in a lease upgrading premium of S$195 mil. According to the […]

Continue Reading →

Jackpot day for Vista Park owners

Yes, Vista Park owners have hit their jackpot this time round. Enbloc-King Oxley Group announced last night that owners of Vista Park had accepted its tender offer of S$418 mil to acquire all the units for redevelopment. Its tender price is almost 20% above the reserve price of the owners. After factoring in the S$72 mil lease upgrade premium, the offer price from Oxley translates to a rate of S$1,096 […]

Continue Reading →

Why the 1H18 Government Land Sales announcement can be good for the market

This morning, the Ministry of National Development released the Government Land Sales (GLS) Programme for the first half of 2018. There were just 6 confirmed list sites and 9 reserve list sites announced for 1H 2018. These sites could yield about 8,045 new units and 63,960 sqm of commercial space. Despite the strong demand for development sites by developers, the government decided to keep the total supply of units for […]

Continue Reading →