3 Reasons Why Developers Can Sell At High Prices

By Property Soul (guest contributor) Have you ever wondered why new projects from developers are able to command a large premium in asking price, sometimes up to fifty percent higher than recently completed nearby projects? An interview with a VIP property buyer Below is an abstract from my interview with a VIP property buyer (as…

Is the Total Debt Servicing Ratio Weighing Down the Property Market?

By Mr. Propwise After shrugging off the cumulative pressure of seven rounds of cooling measures, the property market finally seems to be reeling under the weight of the MAS’s Total Debt Servicing Ratio (TDSR) framework, with two major condo launches over the post-Hungry-Ghost weekend recording disappointing sales. Over 1,100 units launched but only ~200 sold…

Singapore Property News This Week #117

Residential Property market set for 2016 incident due to abundant supply It is reported that the sellers stamp duty (SSD) should be relooked to prevent a collision with a record number of private homes released to the market in 2016. According to Orange Tee’s data, a total of 33,555 units will make their ways into…

4 Must-Ask Questions Before You Buy That Overseas Property

By Property Soul (guest contributor) I have recently been getting messages from my blog readers, asking whether they should invest in overseas properties. Locations that people are interested in include Iskandar, Kuala Lumpur, Penang, Australia, UK, US, Japan, Thailand and the Philippines. There is only one reason to justify buying an overseas property Basically, I…

Feb Sales Plunge – Has the Storm Arrived?

By Mr. Propwise By now you’ve read the scary headlines – new home sales in February “plunged” by 65% on a month-on-month basis to 708 units (excluding Executive Condominiums), versus the 2,013 units sold in January. Sounds like a big drop doesn’t it? Looking more closely at February sales But when you start drilling down…

May New Home Sales Plunge – Will Property Prices Follow?

By Mr. Propwise New home sales by developers, excluding Executive Condominiums (ECs), fell by 32% Month-on-Month in May to 1,702 units. Including ECs, total units sold would have fallen by 23% Month-on-Month to 2,057 units. Ironically, developers had become more aggressive in May as they launched 30% more units versus the previous month, for a…

Singapore Property News This Week #55

Residential Residential supply is expected to remain high in H2 2012 An estimated upcoming supply of 28 to 30 new residential sites from both the confirmed and reserve list yielding 14,000 residential units is predicted, given the high housing prises and strong demand for both housing units and land. On the Confirmed list could be…

Should You Buy Completed or Under Development Properties?

By guest contributor Calvin Yeo (reproduced with permission from his blog www.investinpassiveincome.com) A constantly debated topic in Real Estate has always been whether one should buy completed or under development properties. The answer is: it depends on your need and situation. I for one have done both and I would like to share my experience….

Singapore Property News This Week #31

Residential A need for clearer ABSD guidelines The Additional Buyer’s Stamp Duty (ABSD) is the latest governmental measure aimed at cooling the residential market. The ABSD is imposed on foreigners and companies buying any residential property (including residential land), permanent residents buying their second and subsequent property and Singapore citizens buying their third and subsequent…