With the launch of Parc Botannia, one of the last major launch of the year, happening soon, let’s spend some time to review on this project before bringing your cheque book down to the showflat. Project Details on Parc Botannia How good is the location? If you do a quick search on ‘Parc Botannia’ using Google, you will be able to find many property agents’ website that can provide you […]
Today Online published an article recently, titled “Private community homes for seniors needed for Singapore, property firm says” <Link to Article>. This article talks about the need to prepare Singapore to meet the needs of its ageing population. It was quoted that one in four Singaporeans will become senior citizens by 2030, compared to one in eight who were seniors in 2015. There is one sentence in the article that is […]
http://www.straitstimes.com/business/property/more-estates-get-in-on-collective-sale-action Another day, another enbloc news. Another 3 residential estates are going for collective sale. Let us take a look at 2 of these projects – How Sun Park and Pearl Bank Apartments, to evaluate their chances of success for their enbloc attempts. How Sun Park Quick Facts Tenure: Freehold Location: How Sun Road, near Bartley MRT (12 min walk) Number of owners: 20 Land Area: 54,942.7 sq ft Zoning: […]
http://www.straitstimes.com/business/invest/you-dont-have-to-be-super-smart-to-get-rich The Sunday Times published an article by Senior Correspondent, Mr Goh Eng Yeow yesterday. The title of the article “You don’t have to be super-smart to get rich” speaks for itself and these would probably be the few keywords that you can takeaway from this article. Below is a summary of the key points of the article: Blindly following experts may be the worst possible reason for buying into […]
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 […]
Financing of a property purchase would probably be a ‘simple and straight-forward’ process for most of the young working Singaporean adults. Why is it ‘simple and straight-forward’? It is probably not because everyone is an expert in financial planning and management. It is rather the case where most of us are left with very little financing options given the high prices of Singapore property. Majority would have taken the maximum […]
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 […]
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 […]
How has the enbloc market in Singapore evolved so rapidly during the year? The first successful enbloc only took place in May this year, when Lum Chang bought One Tree Hill Gardens and BBR bought Goh & Goh Building. Nothing much to shout about back then as the transactions were small in size and final prices came in lower than the asking prices of the enbloc sellers. The Game Changers […]
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 […]