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Singapore Property Kaki

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

Deep diving into the Singapore enbloc scene (Part 1)

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 […]

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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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Kopi Talk – 23/10/2017

Mitsui eyes property in Singapore and consumers in Asia for growth – Business Times http://www.businesstimes.com.sg/companies-markets/mitsui-eyes-property-in-spore-and-consumers-in-asia-for-growth Kopi Talk: The Mitsui Group is no stranger to the Singapore property market. Mitsui Fudosan (a member of Mitsui Group) has an established track record of developing residential properties in Singapore via TID Pte Ltd, a JV company with Singapore’s Hong Leong Group. Through Mitsui & Co, the group will now expand its presence into […]

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