Monday, November 17, 2014

Attention all agents and marketers!

The wife and I have re-jigged the sections within our Discussion Forum.

We now have 2 separate sections for Local and Foreign property listings.

As such, we will appreciate your continual assistance by posting in the correction section.

All "wrongly posted" listings will be deleted.

Thank you!

Sunday, September 28, 2014

Our new blog-site has gone "live"!

The new SG PropTalk site is now "live" and accessible via This will be our final post on this (old) blog-site.

While there are still a couple of bugs that need to be ironed out, the wife and I are actually pretty satisfied with how the new blog-site has turned out. Considering that this is another of our DIY-project and given our limited blog-design knowledge, we probably can pat ourselves on our backs for a job well done!

To those who had provided us with your comments/suggestions during our redesign process, we are grateful for your inputs.

See you at our new SG PropTalk blog-site!

Saturday, September 27, 2014

Another educational seminar brought to you by Property Club Singapore...

After running a full house for their last education seminar, Property Club Singapore will be holding another one entitled "Smart Landlords vs Smart Tenants".

The event will be held on November 1, 2014 (Saturday) at NTUC Centre. Click on link below for more details about the upcoming seminar and how to register for the event.

Friday, September 26, 2014 survey: Singapore property prices lower but still "out of reach"!

Prices of residential properties may have fallen over the past few months, but they are still too expensive and buyers are increasingly waiting on the sidelines for prices to drop further, a survey has showed.

Nearly a quarter, or 22%, of respondents do not plan to purchase property at the moment, up from 10% six months ago, showed a half-yearly Asia Property Market Sentiment Report by real estate portal Some of the reasons cited include high prices and the challenge of the down payment.

“Buyers are biding their time, with affordability and financing as top concerns. While the number of respondents who intend to purchase within the next 24 months remains the same at 51%, buyers may wait for new and resale private condo prices to fall … The market is now correcting after the rapid rise over the last few years, and demand is there at the right price point,” said Mr Sean Tan, general manager of Singapore.

Several rounds of cooling measures have seen the value of both private and public properties fall. In the second quarter of this year, private home prices were about 3% off the peak in the third quarter of 2013, while public resale home prices were down 5% from its peak in the second quarter of last year, data by the Urban Redevelopment Authority and Housing and Development Board showed.

A majority of the survey respondents, or 53%, think that both new and resale private condominiums will see further price declines this year. Against that backdrop, the survey saw a 15 percentage point increase in the number of home owners who want to sell their properties, compared with six months ago.

“The report shows that both property sellers and buyers are nervous a year after the start of the Total Debt Servicing Ratio (TDSR). In the second half of 2013 report, just after the TDSR was announced, 59% of owners were confident their properties would retain its value; now only 38% think so, a decline of 21 percentage points. Another 25% are unsure if the value will be retained,” said Mr Tan.

The survey, which polled 2,805 respondents in Singapore, also found that a majority of them, or 56%, are in favour of the Government’s decision to keep cooling measures in place despite repeated calls by industry practitioners to tweak some of the curbs.
Source: CNA

Click on link below to read the full report....all 140 pages of it. For those who are only interested in the Singapore residential market, start reading from page 103.

Here's one GLS site to look out for!

The URA and HDB have released two 99-year leasehold sites under the H2 2014 Government Land Sales (GLS) Programme yesterday. Both sites are expected to yield about 1,000 units of private homes jointly.

The first site is slated for a mixed-use development located along Upper Serangoon Road. However, it is the second site that will probably generate more interests... at least in our opinion.

The said plot is located in Dundee Road near Commonwealth Road, which was made available for sale on the Reserve List. The 10,516sqm (113,194sqft) site, with a maximum GFA of 51,528sqm (554,653sqft) is expected to yield 645 units.

The Dundee Road plot is actually located next to Commonwealth Towers, which site was acquired by CDL/Hong Leong at $883psf ppr back in December 2012. Units in this development were sold at average prices of around $1,600psf.

So it will be interesting to see the response from developers for this adjacent site this time around, given the less than rosy market sentiments...