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Singapore Property Kaki

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

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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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How to look for enbloc profit opportunities?

The EdgeProp had written a piece of article relating to spotting the next en bloc. An interesting piece of article, which I thought I should share with everyone here: https://www.edgeprop.sg/property-news/how-spot-next-en-bloc For readers who are lazy to read the full article, let me summarise the article for you here: Important factors to spot potential enbloc properties are Age Number of units Plot value enhancement Premium of new sale/ resale prices over […]

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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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