tag:blogger.com,1999:blog-92097003233973942652024-03-18T11:03:22.246+08:00SG PropTalk (Old)Singapore Property Buying ForumThe Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.comBlogger1075125tag:blogger.com,1999:blog-9209700323397394265.post-69131423474731271912014-11-17T21:26:00.001+08:002014-11-17T21:26:52.461+08:00Attention all agents and marketers!<br />
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<span style="font-family: Arial, Helvetica, sans-serif;">The wife and I have re-jigged the sections within our Discussion Forum.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">We now have 2 separate sections for Local and Foreign property listings.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">As such, we will appreciate your continual assistance by posting in the correction section.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">All "wrongly posted" listings will be deleted.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4f64zkxlmwQthJTpdl2u9dvri1rG2UNVQsFRBZ-BhaQ4h7AUiAbN4FQczANOYEYxjeviCoedYTDrvVFzTwbb6VyGK381CqXHiodaQdM7ruaIlcp-B4xrfisyFVHNzYjgDf9potrS4Om16/s1600/square-peg1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4f64zkxlmwQthJTpdl2u9dvri1rG2UNVQsFRBZ-BhaQ4h7AUiAbN4FQczANOYEYxjeviCoedYTDrvVFzTwbb6VyGK381CqXHiodaQdM7ruaIlcp-B4xrfisyFVHNzYjgDf9potrS4Om16/s1600/square-peg1.jpg" height="240" width="320" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Thank you!</span></div>
The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com14tag:blogger.com,1999:blog-9209700323397394265.post-20826130979991787172014-09-28T03:56:00.000+08:002014-09-28T18:01:55.255+08:00Our new blog-site has gone "live"!<div class="MsoNormal">
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<span style="font-family: Arial;">The new SG PropTalk site is
now "live" and accessible via <a href="http://www.sgproptalk.sg/"><b><i>www.sgproptalk.sg</i></b></a>. This will be our final post on this (old)
blog-site. <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4O4trKHUgpdU3QOSq1l8K7D5ZVN70PcmQi0LkmLPe9JeWEvn8AcHceak9phDx_-95nxMl7E71ajQ9nrhJByk-VMp7N0GKPkYOPI9AeET2tyhE-8EisTx2MwWwE2SpLNefGe8WuYHez6__/s1600/SGPT+Logo+(Red%2B-%2BRectangular).jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4O4trKHUgpdU3QOSq1l8K7D5ZVN70PcmQi0LkmLPe9JeWEvn8AcHceak9phDx_-95nxMl7E71ajQ9nrhJByk-VMp7N0GKPkYOPI9AeET2tyhE-8EisTx2MwWwE2SpLNefGe8WuYHez6__/s1600/SGPT+Logo+(Red%2B-%2BRectangular).jpg" height="216" width="320" /></a></div>
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<span style="font-family: Arial;">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!</span></div>
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<span style="font-family: Arial;">To those who had provided us with your comments/suggestions during our redesign process, we are grateful for
your inputs. <o:p></o:p></span></div>
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<span style="font-family: Arial;">See you at our new SG
PropTalk blog-site!<o:p></o:p></span></div>
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<span style="font-family: Arial;"><span style="font-size: large;"><i><a href="http://www.sgproptalk.sg/">www.sgproptalk.sg</a></i></span><span style="font-size: medium;"><o:p></o:p></span></span><br />
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com2tag:blogger.com,1999:blog-9209700323397394265.post-40341957692552180422014-09-27T11:41:00.000+08:002014-09-27T11:50:49.140+08:00Another educational seminar brought to you by Property Club Singapore...<div style="background: white; margin-bottom: .0001pt; margin: 0cm;">
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<span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">After running a full house for their last education seminar, Property
Club <st1:country-region w:st="on"><st1:place w:st="on">Singapore</st1:place></st1:country-region>
will be holding another one entitled "Smart Landlords vs Smart Tenants".
<o:p></o:p></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4PfsX4AjNo-WSWQQYMt4Bsko0ma1T-RhwUN4x_9e2J8lHpynAD9q4P47v2qehrHzUvsJ4I_t3ypO83sYlQqhaWD5R42wpaH8NrFEMQXgTp6rF4CH7v3tt6-WlFPdRN1h0m5a8-xkFWsr2/s1600/square_ad.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4PfsX4AjNo-WSWQQYMt4Bsko0ma1T-RhwUN4x_9e2J8lHpynAD9q4P47v2qehrHzUvsJ4I_t3ypO83sYlQqhaWD5R42wpaH8NrFEMQXgTp6rF4CH7v3tt6-WlFPdRN1h0m5a8-xkFWsr2/s1600/square_ad.jpg" height="246" width="320" /></a></div>
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<span style="background-color: white; color: #333333; font-family: Calibri; font-size: 14pt;">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.</span></div>
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<a href="http://www.propertyclubsg.com/landlord_tenant_seminar/" style="color: #0068cf; cursor: pointer; font-family: Arial; line-height: 18.9333324432373px;" target="_blank" title="http://www.propertyclubsg.com/landlord_tenant_seminar/">http://www.propertyclubsg.com/landlord_tenant_seminar/</a></div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com2tag:blogger.com,1999:blog-9209700323397394265.post-69362760015173630662014-09-26T21:06:00.001+08:002014-09-26T21:18:09.584+08:00iProperty.com survey: Singapore property prices lower but still "out of reach"!<div style="background: white; margin-bottom: .0001pt; margin: 0cm;">
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<span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">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.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">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 iProperty.com. Some of
the reasons cited include high prices and the challenge of the down payment.</span></div>
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<span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">“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 iProperty.com Singapore.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">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.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">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.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">“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.<o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 14.0pt;">The survey, which polled 2,805
respondents in <st1:country-region w:st="on"><st1:place w:st="on">Singapore</st1:place></st1:country-region>,
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.<o:p></o:p></span></div>
<div align="right" style="background: white; margin-bottom: .0001pt; margin: 0cm; text-align: right;">
<span style="font-family: Calibri; font-size: 10.0pt;">Source:
CNA<o:p></o:p></span></div>
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<i><span style="color: #333333; font-family: Calibri; font-size: 14.0pt; mso-bidi-font-family: Arial;">Click on link below to read
the full report....all 140 pages of it. For those who are only
interested in the <st1:country-region w:st="on"><st1:place w:st="on">Singapore</st1:place></st1:country-region>
residential market, start reading from page 103.<o:p></o:p></span></i></div>
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<span style="color: #333333; font-family: Calibri;"><span style="font-size: 19px;"><i><a href="http://www.scribd.com/doc/241067040/IProperty-com-Asia-Property-Market-Sentiment-Report-H2-2014">http://www.scribd.com/doc/241067040/IProperty-com-Asia-Property-Market-Sentiment-Report-H2-2014</a></i></span></span></div>
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<span style="color: #333333; font-family: Calibri;"><span style="font-size: 19px;"><i><br /></i></span></span>
<span style="color: #333333; font-family: Calibri;"><span style="font-size: 19px;"><i><br /></i></span></span></div>
The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com5tag:blogger.com,1999:blog-9209700323397394265.post-6819607910420865142014-09-26T10:01:00.000+08:002014-09-26T10:11:19.139+08:00Here's one GLS site to look out for!<br />
<span style="font-family: Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">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.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">The Dundee Road plot is actually located next to <b><i>Commonwealth Towers</i></b>, 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.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">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...</span><br />
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<br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com8tag:blogger.com,1999:blog-9209700323397394265.post-10465652455155792732014-09-25T10:28:00.001+08:002014-09-25T15:15:06.347+08:00So how much is the most expensive apartment in NYC?<div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>Answer: A cool US$130 million!</b></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The accolade belongs to a triplex penthouse at Zeckendorf Development Co's tower under construction on Manhattan's Upper East Side.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The 12,394sqft property will span the top three floors at 520 Park Avenue, where sales will begin in the first quarter of next year.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The building, between 60th and 61st streets, will include seven duplexes of about 9,138sqft each, starting at US$67 million. Single-floor units of about 4,600sqft will start at US$16.2 million.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The triplex would be the most expensive listing for an apartment in New York history and the largest on the Upper East Side. The unit will include a 1,257sqft terrace with views of Central Park to the north. 520 Park Avenue is slated for completion in 2017.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The asking price works out to about US$10,000psf, which is the average resale price of condos that face the park at the Zeckendorf's 15 Central Park West. At that complex, on the Upper west Side, former Citicorp Inc chairman Sanford Weill sold his penthouse for US$88 million in 2012, Manhattan's most expensive completed residential deal.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: x-small;">Info source: Bloomberg</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><i>And to think that Singapore luxury home prices are high...</i></span></div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-38860866167475950252014-09-24T17:17:00.000+08:002014-09-24T17:29:27.742+08:00Photos we took of Trizon...<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif;">The wife and I had passed by </span><b style="font-family: Arial, Helvetica, sans-serif;"><i>Trizon </i></b><span style="font-family: Arial, Helvetica, sans-serif;">many a time since its TOP, whenever we had to ferry our son to/from school. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBOWb7fNHji_zww9SdW2xJykajOQsubmSCNb0WD2M06gc0oCsCxJk6pvv5oekJMVjKzogtDcB-Mo10bQC5PHLPFK_PVC5aZoifcU2AdnVFjb-mvEhcTureJZL8HDC_dmxJTH_-_fDi7KUa/s1600/T1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBOWb7fNHji_zww9SdW2xJykajOQsubmSCNb0WD2M06gc0oCsCxJk6pvv5oekJMVjKzogtDcB-Mo10bQC5PHLPFK_PVC5aZoifcU2AdnVFjb-mvEhcTureJZL8HDC_dmxJTH_-_fDi7KUa/s1600/T1.jpg" height="320" width="180" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">We finally decided to make a pit-stop and take a couple of photos of the development this afternoon. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7H8uwBLIIGTTVeKUvG8EgALWfOyFsq3lBLsv4B7cuCoGK1RmeBeqNPPlRFgdJg4wACY1lWEbVMp0H484cfc23U78ImKC2YxhqkzmvZPgLnLSufPuz5Gki1DHINhDxCKbbgq86luZFTLJz/s1600/T2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7H8uwBLIIGTTVeKUvG8EgALWfOyFsq3lBLsv4B7cuCoGK1RmeBeqNPPlRFgdJg4wACY1lWEbVMp0H484cfc23U78ImKC2YxhqkzmvZPgLnLSufPuz5Gki1DHINhDxCKbbgq86luZFTLJz/s1600/T2.jpg" height="180" width="320" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">When we first reviewed <b><i>Trizon</i></b> back in 2010, the average selling prices then were in the range of $1,400 - 1,600psf. Prices had hit a high of $2,043psf in July 2012 but given the less than favorable market conditions especially over the past year, the 4 resale transactions that were completed this year have hovered around $1,428 - 1,659psf. </span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">This is one development that the wife and I have a "hate then love" relationship with - you know what we mean if you have read our review. And it remains in our "wish list"... perhaps in a couple of years.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4pwdECHmNCpGLRrOVwf5FyeNAdJObCMYsTrKbjYf3sTQ5EPINOrtCp5Styw7vjALhoePzmzc8AkSFYKaGmi9pYDj6HOJfvN-tLmYsUG1VyK3NhflInRHLCP8U4xnEOlFtsOspHFWpJ6LU/s1600/T3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4pwdECHmNCpGLRrOVwf5FyeNAdJObCMYsTrKbjYf3sTQ5EPINOrtCp5Styw7vjALhoePzmzc8AkSFYKaGmi9pYDj6HOJfvN-tLmYsUG1VyK3NhflInRHLCP8U4xnEOlFtsOspHFWpJ6LU/s1600/T3.jpg" height="180" width="320" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Click on link below to read our previous review on </span><b style="font-family: Arial, Helvetica, sans-serif;"><i>Trizon</i></b><span style="font-family: Arial, Helvetica, sans-serif;">:</span><br />
<a href="http://sgproptalk.blogspot.sg/2010/01/trizon-review_7877.html">http://sgproptalk.blogspot.sg/2010/01/trizon-review_7877.html</a><br />
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<br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-42495855089728085512014-09-23T21:49:00.003+08:002014-09-23T21:50:16.881+08:00Colliers report on en-bloc sales <br />
<span style="font-family: Arial, Helvetica, sans-serif;">Back from Jakarta this evening and after realizing that it is another "slow news" day on the residential property front, the wife and I decided to scour the Internet for inspiration.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">We came across this informative report by Colliers that detailed the Singapore collective sale scene up till July of this year.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">So here it is... for your reading pleasure.</span><br />
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<iframe class="scribd_iframe_embed" data-aspect-ratio="0.7080062794348508" data-auto-height="false" frameborder="0" height="600" id="doc_84687" scrolling="no" src="//www.scribd.com/embeds/240685287/content?start_page=1&view_mode=scroll&access_key=key-ACqn7MMhaUaUR419grn5&show_recommendations=false" width="100%"></iframe><br />
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<br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-57402390458414238522014-09-22T23:33:00.002+08:002014-09-22T23:37:17.814+08:00Seventy St Patrick's: More than 50% of units launched sold!<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif;">This may already be "old" news (as the wife and I have just managed to get onto our laptop after spending the day running around in Jakarta) but BT has reported today that <b><i>Seventy St Patrick's</i></b>, a 186-unit freehold condominium located in the East Coast by developer UOL Group, sold around 100 units during its private launch over the weekend.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBlyGcRs_Stsrn1vw_XNVSFLH6WBECj0yM5l7oe6B15CICLfWxLUYCaWqA5h5kGXbdhTjWx9861TtNfsdHLoLtgheUhJLWLep_7uvLxc9uJpL4eZseFyJV1XDvklOOzrM5m8OOE2Sc65sP/s1600/70+St+Patricks.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBlyGcRs_Stsrn1vw_XNVSFLH6WBECj0yM5l7oe6B15CICLfWxLUYCaWqA5h5kGXbdhTjWx9861TtNfsdHLoLtgheUhJLWLep_7uvLxc9uJpL4eZseFyJV1XDvklOOzrM5m8OOE2Sc65sP/s1600/70+St+Patricks.jpg" height="166" width="400" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Units were sold at an average price of $1,630psf.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The smallest unit sold was a two-bedder for about $1.2 million, while the largest was a penthouse that went for around $2.4 million. Around 16 penthouses out of the 36 available were sold.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Singaporean constitute around 90% of the buyers.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Unit sizes for the development range from 700sqft for a two-bedroom to 1,647sqft for a four-bedroom penthouse.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">As a comparison, another freehold development nearby - <i>St Patrick's Residences</i> - had three units that changed hands this year at an average price of $1,226psf. The units sold ranged from 1,206sqft to 2,519sqft, according to data from URA.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b><i>Seventy St Patrick's </i></b>comprises nine blocks of five-storey building. It is being built on a site of about 140,000sqft along St Patrick's Road. Estimated completion of the project is end-2017.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Marine Terrace MRT station on the recently announced Thomson-East Coast Line, which is scheduled for completion in 2023, is supposedly located near to the development.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw6DPH-Oou_r0lV1oWCBwIapNffVv6K-pyT3dQa-pjlyjNzPaXApYsJCBgWIkxLzM_pR5vPrrteyQpLf0l6OsRy98MRnTR9MH9ohQTLbgwkKunOI1uUOoztF3LC_vRwn8m_aMEEmKCD5g2/s1600/70+at+st+patricks+location+map.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw6DPH-Oou_r0lV1oWCBwIapNffVv6K-pyT3dQa-pjlyjNzPaXApYsJCBgWIkxLzM_pR5vPrrteyQpLf0l6OsRy98MRnTR9MH9ohQTLbgwkKunOI1uUOoztF3LC_vRwn8m_aMEEmKCD5g2/s1600/70+at+st+patricks+location+map.jpg" height="225" width="400" /></a></div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-66739555954812852892014-09-21T23:30:00.002+08:002014-09-21T23:30:40.542+08:00Blog-site redesign (Day 3)<br />
<span style="font-family: Arial, Helvetica, sans-serif;">After spending most of the past 3 days in front of the computer, we are now 95% satisfied with what we have done in terms of our blog-site redesign.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">The wife and I do not expect anymore major changes. And as you can see, we have faithfully stuck with our favorite orange background color. </span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">We will inform you once we are ready to go "live" with the revamped SG PropTalk blog-site. Meantime, please continue to visit and post your comments here.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">For those who want to "play around" with the new site for a bit, just follow the link below:</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.sgpt-test.blogspot.sg/">http://www.sgpt-test.blogspot.sg/</a></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_TRRWNsd6r2T6m5Bo8VpPlL5K9lcy-BbDdrZI28EuQeUr_bNdPJ07GVbW9aMnNk1mzJuxl1UkNqAq-EsH1zV2jjFlB6ct9MUuumPtYTnnla2yTjy7OY3CCVEw0AhRXWgY35qSQa8HoRrT/s1600/Blogsite+Redesign+(Day%2B3).JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_TRRWNsd6r2T6m5Bo8VpPlL5K9lcy-BbDdrZI28EuQeUr_bNdPJ07GVbW9aMnNk1mzJuxl1UkNqAq-EsH1zV2jjFlB6ct9MUuumPtYTnnla2yTjy7OY3CCVEw0AhRXWgY35qSQa8HoRrT/s1600/Blogsite+Redesign+(Day%2B3).JPG" height="247" width="400" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Thank you!</span></div>
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<br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-5404852536200726382014-09-21T20:25:00.001+08:002014-09-21T21:30:21.195+08:00Weekend ditty...<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-27Zxh-OH_YZedDx1ee3NknEdfXbgY8glvzWxq8vC3pAiv20mrJvhUq8uMeqWcHx8Ars65L743gXQxAJt8EyGNcLPQBIrZLypT-304oXFG77lpIENpDwqoCOsqm3V27bCmCKcQ1gKFyf3/s1600/Thomson.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-27Zxh-OH_YZedDx1ee3NknEdfXbgY8glvzWxq8vC3pAiv20mrJvhUq8uMeqWcHx8Ars65L743gXQxAJt8EyGNcLPQBIrZLypT-304oXFG77lpIENpDwqoCOsqm3V27bCmCKcQ1gKFyf3/s1600/Thomson.jpg" height="400" width="225" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The photo was taken while we were on our way home from lunch this afternoon. The facade around the Balestier/Thomson Road junction has changed considerably with the completion of <b><i>368 Thomson</i></b> and <b><i>Cube 8.</i></b></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Having said that, the familiar sight of "red and white" remained - wedged between the 2 new developments. And if what we have heard from the grapevine is accurate, the 36-year old tower will probably be there for quite awhile yet...</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Have a good week ahead, everyone!</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-27414936726400883272014-09-20T18:38:00.000+08:002014-09-20T18:38:08.259+08:00Blog-site redesign (Day 2)The wife and I (actually more the "I"... again) have spent most of the day reworking on our blog design (again).<br />
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Many thanks to those who have chipped in with your comments/suggestions - a couple were extremely helpful and we have tried to incorporate these to the best of our HTML coding ability.<br />
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We reckon we are about done. Now to wait for our www.sgproptalk.sg domain to be activated before we go "live" with our new website.<br />
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Meantime, any further comments/suggestions will be most appreciated!<br />
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<a href="http://www.sgpt-test.blogspot.sg/">http://www.sgpt-test.blogspot.sg/</a></div>
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<br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com6tag:blogger.com,1999:blog-9209700323397394265.post-3917640884191975492014-09-19T23:41:00.002+08:002014-09-20T11:59:25.417+08:00So what do you think?
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<span style="font-family: Calibri;">The wife and I (okay, more
"I") have spent the large part of today playing around with the
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<span style="font-family: Calibri;">This is still very rough
around the edges but we would like to solicit some initial feedback.</span></div>
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<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">So... go
with the "new" or stick to the "old"?<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">P/S: As the new blog-site is still very much work-in-progress, it will be constantly evolving (taking into consideration the suggestions from our readers) until we are ready to go "Live". So what you see today may be quite different from what you see tomorrow. Please come back regularly to provide us with feedback to improve on the site. Thank you!</span>The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com4tag:blogger.com,1999:blog-9209700323397394265.post-82454906473890193462014-09-18T11:00:00.001+08:002014-09-18T15:10:45.287+08:00Private home sales: 2008 revisited?<br />
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<span style="font-family: Calibri;">The ST reported today that
the number of units launched but unsold at 15.1% in August 2014 is worse than in August 2008 -
2 months to the run-up to the 2008 global financial crisis which hit in October
that year.</span><span style="font-family: Calibri;"><o:p> </o:p></span></div>
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<span style="font-family: Calibri;">Vacancy rate at completed
private residential projects are also higher, at 7.1% at the end of the second
quarter versus 6.1% in 2008 at the same time. And this is expected to rise
further, given a deluge of completed projects in the pipeline and the limited
number of expats looking to rent.</span></div>
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<span style="font-family: Calibri;">Looks like interesting
times are ahead ...<o:p></o:p></span></div>
<br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com9tag:blogger.com,1999:blog-9209700323397394265.post-77760310820364259092014-09-17T15:33:00.000+08:002014-09-17T15:34:00.435+08:00Seminar on "Understanding property financing and TDSR framework"<br />
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<span style="color: black; font-family: Arial, Helvetica, sans-serif;">Want to better understand how banks approve housing loans and how best to secure property financing under the Total Debt Servicing Ratio (TDSR) framework? Then head on down to the education seminar organized by Property Club Singapore this Sunday!</span></div>
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<span style="color: black; font-family: Arial, Helvetica, sans-serif;">Date : September 21, 2014 (Sunday)<br />Time : 2.30 p.m. – 5.00 p.m.<br />Venue : National Library Building L5 Possibility Room</span></div>
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<span style="color: black;"><span style="font-family: Arial;">Go to </span><a href="http://www.propertyclubsg.com/events/property-financing-and-tdsr-framework-education-seminar/" target="_blank"><span style="color: #0072c6; font-family: Arial;">http://www.propertyclubsg.com/events/property-financing-and-tdsr-framework-education-seminar/</span></a> <span style="font-family: Arial, Helvetica, sans-serif;">for more details about the seminar and registration.</span></span></div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-87036479863516228992014-09-16T16:56:00.000+08:002014-09-16T17:41:47.035+08:00Lakeville (Review)<br />
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<span style="font-family: Calibri;">The wife and I decided to
visit <strong><em>Lakeville</em></strong> last weekend. This is one of the project that has recently
sprang back to attention after our Prime Minister's had announced plans for the big Jurong
Lake District revamp during his National Day Rally speech last month.</span></div>
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<span style="font-family: Calibri;">The sales gallery of
<strong><em>Lakeville </em></strong>is located at an open field opposite to JCube. However, one may
easily miss the slip road (<st1:street w:st="on"><st1:address w:st="on">Jurong
East St.</st1:address></st1:street> 12) leading into the gallery with all the
constructions that is currently taking place around the area.</span></div>
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<span style="font-family: Calibri;">Given that it is a
weekend, the sales gallery was pretty crowded with prospective buyers. The wife
and I were told that <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b> was launched about 6
months ago but interests have been somewhat lacklustre until after the National
Day Rally speech. <span style="mso-spacerun: yes;"> </span></span><span style="font-family: Calibri;"><o:p> </o:p></span><span style="font-family: Calibri;"> </span></div>
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</span><span style="font-family: Calibri;">First off, the actual site
of <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>
is not anywhere near where the sales gallery is located... at least not within
comfortable walking distance anyway. The actual plot is along <st1:street w:st="on"><st1:address w:st="on">Boon Lay Way</st1:address></st1:street>,
between <st1:place w:st="on">Lakeside</st1:place> and Chinese Garden MRT
stations. To get to JCube or Westgate, you will either have to drive (about 5
minutes) or take the train from <st1:place w:st="on">Lakeside</st1:place> to
Jurong East MRT station, which is 2 stops away. To walk it we reckon will
probably take a good 20 - 25 minutes. </span><br />
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: Calibri;">Lakeville</span></i></b><span style="font-family: Calibri;"> is a 99-year leasehold developed by <st1:place w:st="on"><st1:placename w:st="on">MCL</st1:placename> <st1:placetype w:st="on">Land</st1:placetype></st1:place>.
This is the same developer that launched <i style="mso-bidi-font-style: normal;">J
Gateway</i> back in June of 2013 - a residential project next-door to Jurong
East bus interchange and opposite to Westgate, which sold 736 of its 738 units
on the first day of launch, at an average price of $1,480psf. <o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: Calibri;">Lakeville</span></i></b><span style="font-family: Calibri;"> consists of 696 units spread over 6 towers of
16-storey high. The project sits on a plot of almost 241,000sqft and offers
unit configurations of 1- to 5-bedrooms as well as penthouses.
"Dual-key" units are also available within the development. <o:p></o:p></span></div>
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<span style="font-family: Calibri;"><o:p> </o:p></span></div>
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<span style="font-family: Calibri;">One unique feature of <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>
is that some apartment types actually come <u>without</u> balconies - this will please
those (much like yours truly) who do not utilize the external area of their
apartment much.</span><span style="font-family: Calibri;"><o:p> </o:p></span></div>
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<span style="font-family: Calibri;">In terms of access, the
wife and I were told that a new access road will be constructed specially for <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>.
This bi-directional road (Jurong Lake Link) will act as a conduit <span style="mso-spacerun: yes;"> </span>into <st1:street w:st="on"><st1:address w:st="on">Boon
Lay Way</st1:address></st1:street> or <st1:street w:st="on"><st1:address w:st="on">Jurong West St.</st1:address></st1:street> 41, which should make it
easier for residents to get in/out of the estate.<o:p></o:p></span></div>
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<span style="font-family: Calibri;">Facility-wise, <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>
is comparatively more generous than the other new projects that we had seen
recently. While the main features revolve around the swimming pool that
stretches almost from one end of the estate to the other, another unique
offering is the 6 "signature gardens" (with names like "Verdant
Plateau" and "Golden Estuary") that are located within the confines
of each tower itself. <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville's</i></b> residents can also boast of having a tennis court
within their estate - something of a rarity in new projects these days.</span></div>
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<span style="font-family: Calibri;">Parking wise, <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>
has 696 lots plus 7 handicapped spaces. So prospective buyers with more than
one car may have to pray very hard that not every household in the estate owns
a vehicle.<o:p></o:p></span><br />
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<span style="font-family: Calibri;">The showflats on display
are the 2- and 3-bedroom units. The 5-bedroom showflat was closed as it is
being converted to a 4-bedroom one, since most of the 5-bedders (only 1 stack
of such in the development) have been sold.<o:p></o:p></span><br />
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<span style="font-family: Calibri;">We will focus our
attention on the 3-bedroom showflat. This is a 1,281sqft ground floor unit
(Type C6-P). The typical C6 type on the higher floors is 1,141sqft but has the
same interior area and configuration.</span></div>
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<span style="font-family: Calibri;"><o:p> </o:p></span><br />
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<span style="font-family: Calibri;">As one enters from the
main door, you will see the kitchen on your right before arriving at the
living/dining area.</span><br />
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<span style="font-family: Calibri;">The kitchen is divided
into a "dry" and "wet" area. However, the so-called
"dry kitchen" is nothing more than an elevated platform which you can
either use as a serving area or a small dining table. All cooking/washing are
confined to the "wet" kitchen, which is good-sized enough for two to
be working side-by-side. The "dry" and "wet" kitchen is separated by a glass door (not installed in the showflat), which is a good idea for keeping the grease and
smell within the confines of the "wet" kitchen. The kitchen comes
equipped with equipment (hood/hob, fridge and oven) from Fisher and Paykel and
fittings from Grohe. <o:p></o:p></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijqxrhLlExIj5Mak-jY4YlNXdCLIHQ5GRehyphenhyphenBOheujlEIZjHxSi-dAinuo-negoaIaO7lMVLumkSbhJkYT9nAA4etoAornwWX7UuHxWF77iPY1mBeHL0K7wIgjfOs1O_5BCzmgaWN3V7j0/s1600/Kitchen.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijqxrhLlExIj5Mak-jY4YlNXdCLIHQ5GRehyphenhyphenBOheujlEIZjHxSi-dAinuo-negoaIaO7lMVLumkSbhJkYT9nAA4etoAornwWX7UuHxWF77iPY1mBeHL0K7wIgjfOs1O_5BCzmgaWN3V7j0/s1600/Kitchen.jpg" height="320" width="180" /></a> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6RZnaGO5WzO4X7MSKF3N8TRs-vLEvSQQrcCq7uRpleSVV4xM2wzVxA3qjMjs1oo7Gg9OgYao56mKbuHVY02HWjxm7in0nNFbfJT9_Hy7bqhrRHOXVzfszJGO0Uj0Sv-6ajM190xtO1pLA/s1600/Wet+Kitchen.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6RZnaGO5WzO4X7MSKF3N8TRs-vLEvSQQrcCq7uRpleSVV4xM2wzVxA3qjMjs1oo7Gg9OgYao56mKbuHVY02HWjxm7in0nNFbfJT9_Hy7bqhrRHOXVzfszJGO0Uj0Sv-6ajM190xtO1pLA/s1600/Wet+Kitchen.jpg" height="320" width="180" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">At the end of the
"wet" kitchen is the utility/yard area. You do not get much space in
the yard but a large set of windows ensure good ventilation and possibly the
option of an extendable laundry system. The utility room is a narrow longish space
but with a bit of ingenuity, one can fit both the washing machine (provided)
and a custom-made bed inside. </span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2llr2hwXaPhU8UGeMV3M_IXiuG0lJGx-cMz8NxuVgWIYB5VgXt7FDrxDyxFL1l1KSoIRXhvqmkOCZF7p1YXmop48rGD1uBP48fEFX8myTRx2S2IkdIci8zoDVPvzd2eS5U8iXxBMJX183/s1600/Utility.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2llr2hwXaPhU8UGeMV3M_IXiuG0lJGx-cMz8NxuVgWIYB5VgXt7FDrxDyxFL1l1KSoIRXhvqmkOCZF7p1YXmop48rGD1uBP48fEFX8myTRx2S2IkdIci8zoDVPvzd2eS5U8iXxBMJX183/s1600/Utility.jpg" height="320" width="180" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">The living/dining room is
rectangular-shaped and looked rather spacious especially for an apartment
of such size. Should you decide that you need even more
"entertaining" space, we were told that you can dismantle the wall
between the dining area and bedroom 2 - but you will have to do this at your
own expense and after the project has received its certification of completion.
Our only complaint is that the living/dining area for the 3-bedder only comes
with homogenous-tile flooring - we were told that the 4- and 5-bedroom
units have marble floors. But you do get pretty high ceiling at 2.9m, which
helps to increase the perception of space within the apartment.<o:p></o:p></span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK2SK5GKHR49CO1zlp5cRrzFtXjy3tvgADFp0a6K_FKGSk-cS34V2QTN_czDO7DQBA8pQRsVmmxN0LaeeXgrjkRF-LpsVF2hQnUTyvr_FCq8AY6F8anwKaxsYZrHx6_Gsyag-ue-d5FiQ5/s1600/Living.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK2SK5GKHR49CO1zlp5cRrzFtXjy3tvgADFp0a6K_FKGSk-cS34V2QTN_czDO7DQBA8pQRsVmmxN0LaeeXgrjkRF-LpsVF2hQnUTyvr_FCq8AY6F8anwKaxsYZrHx6_Gsyag-ue-d5FiQ5/s1600/Living.jpg" height="320" width="180" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">The two common bedrooms
are rather small - maybe the reason why one does not feature a bed while the
other has a built-in elevated single-bed. But we reckon something has to give
somewhere given the size of the apartment.</span><span style="font-family: Calibri;"> </span></div>
<span style="font-family: Calibri;">
</span><br />
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: Calibri;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRwZokllYLN4rIC7gaNK1IBvKtRo5bgMqjR5Rc1nfJma20UR__BcYet3Pep6RvX9w4znQwLYlS0Ygh0sVCSM9OW9lYrF9aKblCtDNKUPRFn0hHZjtuVtLeyCENw99cEsYywitRYrl9G6zT/s1600/Common+Bedroom.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRwZokllYLN4rIC7gaNK1IBvKtRo5bgMqjR5Rc1nfJma20UR__BcYet3Pep6RvX9w4znQwLYlS0Ygh0sVCSM9OW9lYrF9aKblCtDNKUPRFn0hHZjtuVtLeyCENw99cEsYywitRYrl9G6zT/s1600/Common+Bedroom.jpg" height="320" width="180" /></a></span></div>
<span style="font-family: Calibri;">
</span>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">In contrast, the common
bathroom is surprisingly huge. The wife and I were told that the bathrooms are
built according to wheelchair-friendly requirements - what this means is that
anyone on a wheelchair must be able to enter the bathroom and be able to make a
180-degree turn inside. The bathroom comes fitted with bathroom fittings from <st1:place w:st="on">Roca</st1:place> and toilet from Johnson Suisse - not exactly
"premium" quality compared to what we have seen elsewhere. <o:p></o:p></span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj34FmWqJUdIU5nR4yeXALOq5IClwq7qmj2Bc9StujKLYzAstbz6GGcMh0QHb66Y1CQDh6oVQuH5cXsmYmyIkYfqnk2aY2vSer25lJAlRfOR1XRZW0BpkBY78VGBciLOVokte9-1oRZpNuh/s1600/Common+Bath.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj34FmWqJUdIU5nR4yeXALOq5IClwq7qmj2Bc9StujKLYzAstbz6GGcMh0QHb66Y1CQDh6oVQuH5cXsmYmyIkYfqnk2aY2vSer25lJAlRfOR1XRZW0BpkBY78VGBciLOVokte9-1oRZpNuh/s1600/Common+Bath.jpg" height="320" width="180" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">The master bedroom is
again pleasantly spacious even with a King-bed. The secret supposedly lies with
the wardrobe, which is flushed against the wall - so that it does not protrude
outside thereby taking up additional space within the bedroom. However, the
2-panel wardrobe space is hardly sufficient but is quite the norm these days.<o:p></o:p></span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqYLX1gMY3E9aBk7giaJs3AXEkavrMuJoK0Yyyw0hsEgrP1GYzFZS7f8DU2AsGP7rCOLVNCUsRgp__vxU_1Xu9RaDFrmSFRJSbCoN05EJc-LT6vl-1kebywTJw5NPQUCGqtfepwrGWConK/s1600/Master+Bedroom.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqYLX1gMY3E9aBk7giaJs3AXEkavrMuJoK0Yyyw0hsEgrP1GYzFZS7f8DU2AsGP7rCOLVNCUsRgp__vxU_1Xu9RaDFrmSFRJSbCoN05EJc-LT6vl-1kebywTJw5NPQUCGqtfepwrGWConK/s1600/Master+Bedroom.jpg" height="320" width="180" /></a> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9Ko8Ozfgdx1amIEiq50r9dZTW1tKVLIgVsNWR4EinWRO4tYDN3q2NunV5FjWDaDvwOlYa68Cp95vxLkTnFt445cYXpB6vyqS63FolBeKFsFgOpuUKHTVSd6ldhtbBcB2reu6GPmrMp26S/s1600/Master+Cupboard.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9Ko8Ozfgdx1amIEiq50r9dZTW1tKVLIgVsNWR4EinWRO4tYDN3q2NunV5FjWDaDvwOlYa68Cp95vxLkTnFt445cYXpB6vyqS63FolBeKFsFgOpuUKHTVSd6ldhtbBcB2reu6GPmrMp26S/s1600/Master+Cupboard.jpg" height="320" width="180" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">The master bathroom is
almost a replica of the one outside, except for the wall-mounted toilet. We are
pleased that it does not come with a long bath, but a tad disappointed with the
absence of "rain shower" in the shower stall.<o:p></o:p></span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidQIiUWNApKewagUN_5N9EB_9f4E2a24Fglql3C8BtyuOeDgMfVkqJsM-JSj-6mnWNYZlVLIPELiP_cdTSyZO0u-wT1ix_0KCdfizSV2_IPgJWanReeUW_Y4Fp_bhELHuoM5G0a6kL-S9A/s1600/Master+Bath.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidQIiUWNApKewagUN_5N9EB_9f4E2a24Fglql3C8BtyuOeDgMfVkqJsM-JSj-6mnWNYZlVLIPELiP_cdTSyZO0u-wT1ix_0KCdfizSV2_IPgJWanReeUW_Y4Fp_bhELHuoM5G0a6kL-S9A/s1600/Master+Bath.jpg" height="320" width="180" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">Pricing wise, the
3-bedders go for about $1.4 million, depending on which floor you are looking
at. This translates to around $1,230psf. </span><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">For those who are
interested in the 5-bedroom units, there are not many of these left as there is
only one such stack within the development. But the asking price for a
second-floor unit of 1,528sqft is $1.79 million, which translates to around
$1,170psf. <o:p></o:p></span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh40CvTTGLbAuItu8PiIih0LjOV7XtqFAuLk1XODgKPGPx_Sl1_VUkTnEev_XZc0ECfmBPxUGx9LwqkJTLHhqPUcD5DTjhLkyf9JXyyNoVhCKg1d1BztP7H4Trd4K8uTGyYdG3GnqQNZEN-/s1600/5BR+-+FP.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh40CvTTGLbAuItu8PiIih0LjOV7XtqFAuLk1XODgKPGPx_Sl1_VUkTnEev_XZc0ECfmBPxUGx9LwqkJTLHhqPUcD5DTjhLkyf9JXyyNoVhCKg1d1BztP7H4Trd4K8uTGyYdG3GnqQNZEN-/s1600/5BR+-+FP.jpg" height="211" width="320" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri; font-size: 14pt;"></span><br />
<span style="font-family: Calibri; font-size: 14pt;">What we
like:<o:p></o:p></span></div>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">The functional layout with the 3-bedder (and
this will probably apply to the 5-bedder as well, given that they have
similar layouts), which makes the apartment felt more spacious than it
really is. </span></li>
</ul>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;">
<span style="font-family: Calibri;"></span> </div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">Lakeside MRT station is supposedly a 500m walk
away. However, you are likely to be subjected to the elements as we cannot
foresee any sheltered path leading to the station.</span><span style="font-family: Calibri;"><o:p> </o:p></span></li>
</ul>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">For those with kids going into primary schools
in 2018/2019, there are at least 2 primary schools that is within 1-km of <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>
- one of which being the popular Ru Lang Primary.</span><span style="font-family: Calibri;"><o:p> </o:p></span></li>
</ul>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">The <st1:place w:st="on"><st1:placename w:st="on">Canadian</st1:placename>
<st1:placetype w:st="on">School</st1:placetype></st1:place> is located
right next to <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>. This may offer good prospects for those
who are buying for rental yields.</span></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBYhwLvv6P6bNTfc_Pn5HyB0aTyDWh8-eCm111uBJ-xgUvg9R1ywAJKw1kpeOeqF9lMbV954tohcehVvCrZStbA59YyJlr18Bwie7qXLyGHd6xHKIr_pmF72d4r_WI_aWfbaFk5HK_WCgX/s1600/Canadian+Sch.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBYhwLvv6P6bNTfc_Pn5HyB0aTyDWh8-eCm111uBJ-xgUvg9R1ywAJKw1kpeOeqF9lMbV954tohcehVvCrZStbA59YyJlr18Bwie7qXLyGHd6xHKIr_pmF72d4r_WI_aWfbaFk5HK_WCgX/s1600/Canadian+Sch.jpg" height="180" width="320" /></a><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">With the upcoming plans to revamp the Jurong
Lake District, this should boost the value of residential properties
around the area especially when the revamp starts to take shape. So buyers
of <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b> may expect some "first mover"
advantage as subsequent new projects (e.g. on the plot of land next door)
are likely to be priced higher ... technically anyway.</span></li>
</ul>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri; font-size: 14pt;"></span><br />
<span style="font-family: Calibri; font-size: 14pt;">What we
do not quite like:</span><span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">The quality of furnishing and fitting seen in
the showflat is average at best and definitely pales in comparison to the
other projects that we have visited recently.</span><span style="font-family: Calibri;"><o:p> </o:p></span></li>
</ul>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">As all the towers are angled towards the NW-SE
facing, many of the units (especially the outward facing ones in Tower 1,
3 & 11) will probably get the afternoon sun shining into the living
& bedrooms - not very ideal if you aren't a fan of the heat.</span><span style="font-family: Calibri;"><o:p> </o:p></span></li>
</ul>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: Calibri;">The marketing agent will expound on the
"convenience appeal" of <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b> given its location
within the Jurong Lake District and proximity to Jurong Gateway. But this
is really a case of "near but not quite" in our opinion. You will still have to
drive or take the train to JCube/Jem/Westgate/Jurong East MRT or Jurong
Point - the developer ought to provide a shuttle-bus service to ferry residents to Jurong East MRT and bus interchange at regular intervals, at least during the first year or two. And depending on the facing of your unit and how high up you are,
you may end up looking at the MRT track rather than the lake.</span></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrWX0FPBFn62-KyX9lBffvTGDkuCxBmgAHGxkw2N3HbTEA8vMkdcGu3T4ApHW-nj5Jh8-k3cuQBRyWP_GRSV995dpzovsJ6uqz0YYiiz8tlciQ5jCJ4OVgdp9pYfR7mLHe6dCOa-kkMUOo/s1600/Lakeville-Location-Aerial.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrWX0FPBFn62-KyX9lBffvTGDkuCxBmgAHGxkw2N3HbTEA8vMkdcGu3T4ApHW-nj5Jh8-k3cuQBRyWP_GRSV995dpzovsJ6uqz0YYiiz8tlciQ5jCJ4OVgdp9pYfR7mLHe6dCOa-kkMUOo/s1600/Lakeville-Location-Aerial.jpg" height="247" width="320" /></a></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"><o:p> </o:p></span></div>
<br />
<div align="center" class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: Calibri; font-size: 14pt;">Our parting shot<o:p></o:p></span></u></b></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: Calibri;">Lakeville</span></i></b><span style="font-family: Calibri;"> will probably be the second new development (after
the fully sold <i style="mso-bidi-font-style: normal;">J Gateway</i>) to come up
in the Jurong lake District area. As such, there is always the potential upside
when comes to capital gains, especially since its price is lower than what
the folks paid for <i style="mso-bidi-font-style: normal;">J Gateway</i>. And in
terms of facilities offering, <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b> is actually one up over <i style="mso-bidi-font-style: normal;">J Gateway</i> judging from the respective
site plans. So if you are looking to partake in the revitalisation of the
Jurong Lake District and not too picky about the interior quality offered by
the apartments (we can only speak based on what we saw of the 3-bedders), then <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Lakeville</i></b>
is probably a project that you may want to take a look at.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"><o:p></o:p></span> </div>
</div>
</div>
</div>
The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com4tag:blogger.com,1999:blog-9209700323397394265.post-48287266361333439152014-09-15T14:54:00.001+08:002014-09-15T14:59:14.438+08:00Breaking news: August new home sales down another 15%!<br />
<div class="MsoNormal" style="background: white; margin: 0cm 0cm 0pt;">
<span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">The private
housing market remained in the doldrums in August, with sales of homes falling
15% from the previous month as developers continued to scale back new launches.</span><span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span><br />
<span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><br />
<span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Excluding
executive condominiums (ECs), developers sold 432 new units last month, down
from the 509 units sold in July, data from the Urban Redevelopment Authority
showed on Monday (Sep 15). Including ECs, 490 new units were sold in August,
down from 560 units in July.</span><br />
<br />
<span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">The lacklustre
sales came as developers continued scaling back new launches, with just 351
units launched in August, down from the 441 units launched in the previous
month.</span></div>
<div class="MsoNormal" style="background: white; margin: 0cm 0cm 0pt; text-align: right;">
<span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><span style="font-size: x-small;">Source: CNA<o:p></o:p></span></span></div>
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<i style="mso-bidi-font-style: normal;"><span lang="EN" style="font-family: Calibri; mso-ansi-language: EN;">Maybe <b style="mso-bidi-font-weight: normal;">Highline Residences</b> and <b style="mso-bidi-font-weight: normal;">Marina One</b> will be the saviours in
September?<o:p></o:p></span></i></div>
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<br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-32873389684191918372014-09-15T09:58:00.003+08:002014-09-15T10:10:27.236+08:00Highline Residences: 80% of the 160 units released sold!<br />
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<st1:place w:st="on"><st1:placename w:st="on"><span style="font-family: Calibri;">Keppel</span></st1:placename><span style="font-family: Calibri;"> <st1:placetype w:st="on">Land</st1:placetype></span></st1:place><span style="font-family: Calibri;">, which started closed-door sales of its <strong><em>Highline
Residences</em></strong> condominium over the weekend, said it has received a good response
to the project.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">More than 80% of the 160
units - or over a quarter of 500 units available in total - released were sold
at an average price of $1,900psf after discount. Discounts ranging from $28,000
to $68,000 were offered during the preview weekend.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">The price was in line with earlier
expectations by market watchers of between $1,800 and $1,900psf.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">The positive response may
be attributed to the pent-up demand for private housing in Tiong Bahru, which
has not seen a launch in the past seven years.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">Sales at the condominium
is widely watched given its prime location diagonally opposite Tiong Bahru MRT
Station and <st1:place w:st="on"><st1:placename w:st="on">Tiong</st1:placename>
<st1:placename w:st="on">Bahru</st1:placename> <st1:placetype w:st="on">Plaza</st1:placetype></st1:place>
mall.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"><strong><em>Highline Residences'</em></strong> 500
units are housed in two 36-storey towers, a 22-tower tower and four low-rise
blocks. Its unit sizes range from 506sqft for one-bedders to 1,227sqft for
four-bedroom dual key units. It will also have six penthouses, ranging from
2,174sqft to 2,260sqft in size.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">The design of the
condominium is inspired by <st1:city w:st="on"><st1:place w:st="on">New York
City</st1:place></st1:city>'s High Line, a public park built on a historic
elevated rail line.<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">Residents may tap
concierge services such as limousines and housekeeping, in addition to enjoying
complimentary golfing at <st1:place w:st="on"><st1:placename w:st="on">Keppel</st1:placename>
<st1:placetype w:st="on">Land</st1:placetype></st1:place>'s Ria Bintang Golf
Club.<o:p></o:p></span></div>
<div style="text-align: right;">
<span style="font-family: Calibri;"><span style="font-size: x-small;">Info source: BT<o:p></o:p></span></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">Okay, so the wife and I
were wrong on the "hard sell at $1,900psf" bit. Kudos to <strong><em>Highline Residences</em></strong> and <st1:place w:st="on"><st1:placename w:st="on">Keppel</st1:placename> <st1:placetype w:st="on">Land</st1:placetype></st1:place>.
And it just goes to show how much liquidity is still out there in the market. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">But is it a good buy at $1,900psf? The judgement is still out on this one...</span><br />
<span style="font-family: Calibri;"></span> </div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-72918848552090459322014-09-14T19:27:00.002+08:002014-09-14T19:29:13.229+08:00Vancouver property market sizzles with China cash<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;">Chinese investors' global
hunt for real estate is helping drive <st1:city w:st="on"><st1:place w:st="on">Vancouver</st1:place></st1:city>
home prices to record highs and the city, long among top destinations for
wealthy mainland buyers, is feeling the bonanza's unwelcome side-effects.</span></div>
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<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">The latest wave of Chinese
money, linked in part to <st1:city w:st="on"><st1:place w:st="on">Beijing</st1:place></st1:city>'s
anti-graft crackdown, is flowing into luxury hot spots. But it has also started
driving up housing costs elsewhere in a city which already ranks as <st1:place w:st="on">North America</st1:place>'s least affordable urban market.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">For decades, <st1:city w:st="on">Vancouver</st1:city>, along with Hong Kong, <st1:city w:st="on">Sydney</st1:city>
and <st1:country-region w:st="on">Singapore</st1:country-region> and, more
recently, <st1:state w:st="on">New York</st1:state> and <st1:city w:st="on"><st1:place w:st="on">London</st1:place></st1:city> has been attracting Chinese and other
Asian buyers.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">And just like those other
cities, <st1:place w:st="on"><st1:city w:st="on">Vancouver</st1:city></st1:place>
got caught in the most recent buying frenzy, which realtors say has intensified
after President Xi Jinping announced his anti-corruption crusade in late 2012.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">"In the last year,
there's been the corruption crackdown in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region> and a lot of people have seen
their wealth evaporate over there because of that," said Dan Scarrow, a
vice-president at MacDonald Realty. "So they want to put it somewhere they
perceive as safe and there's nowhere safer than the West."</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">Canada does not track
foreign property buyers, but analysis of city assessment data carried out by a
leading urban planner and made available to Reuters helped identify Vancouver's
hottest neighbourhoods. Interviews with realtors active in those areas
confirmed the perception that Chinese buyers were largely behind the latest
rally.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">City-wide home values are
already up more than 35% since 2009 and realtors are saying that more than half
the buyers in prime markets are mainland Chinese.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">The impact of the latest
inflow of foreign cash is particularly acute for <st1:city w:st="on"><st1:place w:st="on">Vancouver</st1:place></st1:city>, its market is already tight
because of limited building space and a decade-long nationwide property bull
run fuelled by low borrowing costs. </span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">The money flow has
also transformed the DNA of the city. Condo towers in Vancouver are now built
without a fourth floor, as that number is unlucky in Asian cultures, and wok
kitchens - a second kitchen for cooking with a smoky wok - are standard in most
new homes.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><span style="font-family: Calibri;">The influx is also having
a trickledown effects as people sell out in prime locations and move to other
neighbourhoods, driving up prices and widening the gap between housing costs and
the condition of the local economy.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"></span><st1:city w:st="on"><span style="font-family: Calibri;">Vancouver</span></st1:city><span style="font-family: Calibri;"> has been ranked the second least affordable major
city after Hong Kong for the past three years in an annual survey by think tank
Demographia,<span style="mso-spacerun: yes;"> </span>which tracks housing costs
and incomes in top markets such as <st1:state w:st="on">New York</st1:state>, <st1:city w:st="on">Sydney</st1:city>, <st1:country-region w:st="on">Singapore</st1:country-region>
and <st1:place w:st="on"><st1:city w:st="on">London</st1:city></st1:place>.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: right;">
<span style="font-family: Calibri;"><span style="font-size: x-small;">Info Source: Reuters<o:p></o:p></span></span></div>
<br />
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<span style="font-family: Calibri;"><o:p> </o:p></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Calibri;"><em>As long as there is a need for Mainland Chinese to park their money and Hongkongers continue to
snap up apartments because these are deemed much more affordable than back home,
the property market in <st1:city w:st="on"><st1:place w:st="on">Vancouver</st1:place></st1:city>
will probably stay "hot" for quite awhile yet.</em></span> </div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com0tag:blogger.com,1999:blog-9209700323397394265.post-6099234163249353672014-09-13T22:26:00.002+08:002014-09-13T22:26:28.339+08:00So what's the view like at the top of Pinnacle @Duxton?<br />
<span style="font-family: Arial, Helvetica, sans-serif;">With units at <strong><em>Pinnacle @Duxton</em></strong> reaching their 5-year mark in a couple of months, the market is already abuzz with expectations that many units in this iconic HDB project will be sold at over the million dollar mark. This is largely because of (other than locale) its supposed "million dollar view".</span><br />
<span style="font-family: Arial;"></span><br />
<span style="font-family: Arial;">So the wife and I decided to make the trip to <strong><em>Pinnacle</em></strong> this morning to find out for ourselves what all the fuss is about.</span><br />
<span style="font-family: Arial;"></span><br />
<span style="font-family: Arial;">After paying 5 bucks (each), we were allowed access to the Skybridge on the 50th floor of the building. Despite it being a somewhat gloomy mid-morning with traces of haze courtesy of our Indonesian friends, we managed to capture quite a number of pretty decent photos.</span><br />
<span style="font-family: Arial;"></span><br />
<span style="font-family: Arial;">Million dollar view? We'll let you be the judge!</span><br />
<span style="font-family: Arial;"></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Have a good weekend!</span></div>
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<span style="font-family: Arial;"></span>The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com2tag:blogger.com,1999:blog-9209700323397394265.post-39712685448825075572014-09-12T10:51:00.001+08:002014-09-12T11:10:21.006+08:00UK home prices: More signs of market easing...<br />
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<span style="font-family: Calibri;">British house prices rose
at the slowest pace in August, according to a survey on Thursday that suggested
speculation about higher interest rates has dampened buyer confidence.<o:p></o:p></span></div>
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<span style="font-family: Calibri;">The Royal Institution of
Chartered Surveyors' monthly house price balance fell to +40 last month, its
lowest level since last August, and falling short of forecasts for +47 in a Reuters
poll of economists. July was revised down slightly to +48.<o:p></o:p></span></div>
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<span style="font-family: Calibri;">Agreed sales fell for the
first time since September 2012 and there was a second consecutive fall in
buyer inquiries.<o:p></o:p></span></div>
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<span style="font-family: Calibri;">"Some of the momentum
has come out of the housing market of late reflecting in part concerns over a
likely rise in teh cost of borrowing at some point in the not too distant
future," said Simon Rubinsohn, chief economist at RICS.<o:p></o:p></span></div>
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<span style="font-family: Calibri;">Bank of England governor
Mark Carney said on Tuesday that the bank may start to raise interest rates
next spring if the labour market continued to recover from the financial
crisis. <o:p></o:p></span></div>
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<span style="font-family: Calibri;">The RICS survey of
chartered surveyors added to evidence that <st1:city w:st="on"><st1:place w:st="on">London</st1:place></st1:city>'s housing market is cooling off after
fervent price growth earlier this year. The <st1:place w:st="on"><st1:city w:st="on">London</st1:city></st1:place> house price balance eased to +9 in
August from +11.<o:p></o:p></span></div>
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<span style="font-family: Calibri;">Mr Rubinsohn said:
"There are signs that the <st1:place w:st="on"><st1:city w:st="on">London</st1:city></st1:place>
market is gradually moving on to a more sustainable footing with a modest increase
in the number of instructions coming through slowly helping to create a better
balance with demand, and in the process, taking the edge off price gains."<o:p></o:p></span></div>
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<st1:country-region w:st="on"><span style="font-family: Calibri;">Britain</span></st1:country-region><span style="font-family: Calibri;">'s biggest house-builder Barratt Developments on
Wednesday predicted a return to "more normal" trends in <st1:country-region w:st="on"><st1:place w:st="on">Britain</st1:place></st1:country-region>'s
housing market.</span></div>
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<span style="font-family: Calibri; font-size: 10pt;">Source: Reuters</span></div>
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<span style="font-family: Calibri;"><em><span style="font-family: Calibri;">Yet another sign of easing in the
British property market but then again, one has to take such survey with a
slight pinch of salt as depending on who does it and how it is done, the
results can most always be subjected to interpretations. </span></em></span><br />
<span style="font-family: Calibri;"><em><span style="font-family: Calibri;"><o:p></o:p></span></em></span> </div>
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<em><span style="font-family: Calibri;">However, the fact remains that the
amount of new housing stock is currently rising at a much faster pace compared
to say, 2 years ago. This is especially within the prime areas around
<st1:city w:st="on"><st1:place w:st="on"><st1:city w:st="on"><st1:place w:st="on">London</st1:place></st1:city></st1:place></st1:city>.
Market analysts have estimated that 48% of the nearly 23,000 new homes priced
at more than GBP1,000psf are located in the six key clusters along the River <st1:place w:st="on">Thames</st1:place>. And some 13,000 units could enter the rental market
over the next few years. </span></em><br />
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<em><span style="font-family: Calibri;">But with a combination
of increasing number of new homes coming onto the market, increasing
sound bites about upward revision of interest rates and the
implementation of capital gains tax come April 2015, these are certainly
factors that potential investors (especially overseas) should take into
consideration before putting ink to paper on that investment property in
London...</span></em><o:p></o:p></div>
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<span style="font-family: Calibri; font-size: 12pt; mso-ansi-language: EN-SG; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"></span><br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com1tag:blogger.com,1999:blog-9209700323397394265.post-89170848101855810172014-09-11T13:43:00.001+08:002014-09-11T21:15:39.144+08:00The London Collection <br />
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<span style="font-family: Calibri;">The wife and I were invited
to a cocktail reception earlier in the week organized by Savills to showcase
<strong><em>The London Collection</em></strong> - a portfolio of three luxury residential properties
developed by Ronson Capital Partners.</span><span style="font-family: Calibri;"><o:p> </o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdUIgF3QTg45mqOYyn3GDC4ypp-Qb4Mllm7Z2cCJFWpFti_wJP1oKKUzGXPlyGPXNF_agxTMwrz_XEyARta7UiKxrjnGN2Qe1t8PZqRKcFreEwW3SEeNZMHmv5t0JNaLHsH8ORiKoRGBnb/s1600/cocktail.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdUIgF3QTg45mqOYyn3GDC4ypp-Qb4Mllm7Z2cCJFWpFti_wJP1oKKUzGXPlyGPXNF_agxTMwrz_XEyARta7UiKxrjnGN2Qe1t8PZqRKcFreEwW3SEeNZMHmv5t0JNaLHsH8ORiKoRGBnb/s1600/cocktail.jpg" height="180" width="320" /></a></div>
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<span style="font-family: Calibri;"><strong><em>The London Collection</em></strong>
consists of the following projects:<o:p></o:p></span></div>
<span style="font-family: Calibri;"><o:p> </o:p></span><br />
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<span style="font-family: Calibri;"><strong><span style="font-family: "Trebuchet MS", sans-serif;">1.<span style="mso-spacerun: yes;"> </span><em>Riverwalk</em></span></strong><em> <o:p></o:p></em></span></div>
<span style="font-family: Calibri;">Located on the North Bank
of the Thames in <st1:city w:st="on">Westminster</st1:city>, <em><span style="font-family: "Trebuchet MS", sans-serif;">Riverwalk</span></em>
offers spectacular views over the river and <st1:city w:st="on"><st1:place w:st="on">London</st1:place></st1:city>. This 999-year leasehold project consists of 113 apartments spread across
two organically shaped buildings that have been designed to echo the curvature
of the river. <em><span style="font-family: "Trebuchet MS", sans-serif;">Riverwalk </span></em>offers units of one- to four-bedroom as well as
penthouses. It is scheduled to TOP in autumn of 2015. <o:p></o:p></span><br />
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<span style="font-family: Calibri;">Asking price for a 681sqft,
one-bedder is GBP1.40 million (GPB2,056psf) while a 934sqft, two-bedder goes for
GBP1.82 million (GBP1,948psf).<o:p></o:p></span></div>
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<strong><span style="font-family: "Trebuchet MS", sans-serif;"><st1:street w:st="on"><st1:address w:st="on"><span style="font-family: Calibri;"><em>2. <span style="font-family: "Trebuchet MS", sans-serif;">Chiltern Place</span></em></span></st1:address></st1:street></span></strong></div>
<span style="font-family: Calibri;">Located at <st1:street w:st="on"><st1:address w:st="on">Chiltern Street</st1:address></st1:street>,
which is often doubted "the coolest street in <st1:city w:st="on">London</st1:city>"
as it combines the historic beauty of <st1:city w:st="on"><st1:place w:st="on">London</st1:place></st1:city>
with the best of contemporary retail and culture, <st1:street w:st="on"><st1:address w:st="on"><span style="font-family: "Trebuchet MS", sans-serif;"><em>Chiltern Place</em></span></st1:address></st1:street> is a 16-storey luxury private
residential tower consisting of 55 apartments. The 999-year leasehold project
is scheduled to TOP in Q3 of 2017 and offers units of one- to 4-bedroom and
penthouses.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span><br />
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<span style="font-family: Calibri;">We do not have the asking
price for the one-bedder (either all 8 of them are totally sold out or yet to
be released) but the smallest 2-bedder of 1,137sqft on offer costs GBP3,600,000
(GBP3,166psf)!<o:p></o:p></span></div>
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<span style="font-family: Calibri;"><span style="font-family: "Trebuchet MS", sans-serif;"><strong>3. <span style="mso-spacerun: yes;"> </span><em>The Heron<o:p></o:p></em></strong></span></span></div>
<span style="font-family: Calibri;">Completed in 2013, <span style="font-family: "Trebuchet MS", sans-serif;"><em>The
Heron</em></span> is the tallest apartment tower to be built in <st1:place w:st="on"><st1:placename w:st="on">London</st1:placename> <st1:placetype w:st="on">City</st1:placetype></st1:place>
since 1976. Centrally located at the Square Mile, the 36-storey tower offers a
panoramic view of the <st1:city w:st="on"><st1:place w:st="on">London</st1:place></st1:city>
skyline. The 190-year leasehold project consists of 285 units offering 2- and
3-bedroom apartments as well as penthouses. </span><span style="font-family: Calibri;"><o:p> </o:p></span><br />
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<span style="font-family: Calibri;">The showcase for the
evening only featured<span style="mso-spacerun: yes;"> </span>the
"Penthouse Collection"- these are the bigger units located on the
31st - 35th floor of the building. Each apartment is over 2,000sqft and
costs between GBP3.75 - 4.95 million. The 2 penthouses are 4,343sqft (3-bedder)
and 6,775sqft (4-bedder) respectively with prices only available "on
application".</span><span style="font-family: Calibri;"><o:p> </o:p></span></div>
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<span style="font-family: Calibri;">Out of the 13 apartments
within the "Penthouse Collection", 8 of them have already been sold.
And if it's any consolation, the price will include 1 parking space within
the building.</span></div>
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<span style="font-family: Calibri;">The event was another
"education opportunity" for the wife and I: Other than reaffirming the
fact that we will not be able to afford anything within <st1:place w:st="on"><st1:placename w:st="on">London</st1:placename> <st1:placetype w:st="on">City</st1:placetype></st1:place>
itself (not in this lifetime anyway), it also reinforces the notion that location
is paramount when comes to determining the value of a property.</span><span style="font-family: Calibri;"><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
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<span style="font-family: Calibri;">And speaking of location,
the view at the rooftop bar of The Fulleration Bay Hotel (where the reception was
held) was actually quite spectacular, despite this being a rather short
building.</span></div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com1tag:blogger.com,1999:blog-9209700323397394265.post-67679935074427789902014-09-10T11:20:00.001+08:002014-09-10T11:29:11.333+08:00Foreign property purchase: Uncle Sam's a calling!<br />
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">The
real estate market in the <st1:country-region w:st="on">United States</st1:country-region>
has become one of the latest contenders for a slice of Singaporean investors’
growing interest in overseas properties, joining the ranks of traditionally
popular markets such as <st1:country-region w:st="on">Malaysia</st1:country-region>,
<st1:country-region w:st="on">Australia</st1:country-region> and <st1:place w:st="on"><st1:country-region w:st="on">Britain</st1:country-region></st1:place>.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><br /></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">In
recent months, <st1:country-region w:st="on">Singapore</st1:country-region>
developers, including <st1:placename w:st="on">Keppel</st1:placename> <st1:placetype w:st="on">Land</st1:placetype> and <st1:placename w:st="on">Pontiac</st1:placename>
<st1:placetype w:st="on">Land</st1:placetype>, have flocked to the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region>, taking
stakes in American projects as they seek alternative sources of revenue amid a
lacklustre market back home.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><br /></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">On
their part, <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region>
developers, including Millennium Partners, have also set up shop here, in an
attempt to attract more individual investors for their properties in the
States.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjynlV0d0rQ_le9o3SBZiff_NYoaFp2kH_JHnenYcwgsgmkTwYgvL9AXoqAdV4pbt-BUhDX4PzY7os_oHCYNWoqzVf3Bz_Aa3eb6M1IyqiE0yjxL-PawBHXbBMDLRLcxB67B-hyIM2rDrlk/s1600/Millennium-Tower-Boston-12.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjynlV0d0rQ_le9o3SBZiff_NYoaFp2kH_JHnenYcwgsgmkTwYgvL9AXoqAdV4pbt-BUhDX4PzY7os_oHCYNWoqzVf3Bz_Aa3eb6M1IyqiE0yjxL-PawBHXbBMDLRLcxB67B-hyIM2rDrlk/s1600/Millennium-Tower-Boston-12.jpg" height="320" width="176" /></a></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">“We
first came to Singapore and a few other Asian cities in 2009 to market our
project <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Millennium Tower</i></b> <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">in San Francisco</i></b> … We’ve seen
interest grow and our hope is that it will continue to grow; that’s why we’re
here,” said Mr. Richard Baumert, a partner at Millennium Partners. Mr. Baumert
was in town to kick-start marketing for the company’s latest project - <st1:placename w:st="on"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Millennium</i></b></st1:placename><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"> <st1:placetype w:st="on">Tower</st1:placetype></i></b>
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">in
Boston</i></b>.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span> </div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Overseas
properties are becoming increasingly popular with <st1:place w:st="on"><st1:country-region w:st="on">Singapore</st1:country-region></st1:place> investors, who face tough
property curbs and high entry prices at home. The Monetary Authority of
Singapore said Singaporeans poured S$2 billion into foreign properties last
year based on deals done by real estate agencies here, a 43% increase from the
S$1.4 billion invested in 2012. And analysts said this figure could increase
further.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span> </div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Mr.
John Stinson, Cushman and <st1:city w:st="on">Wakefield</st1:city>’s executive
managing director of capital markets in the Asia-Pacific, said: “There has been
an overall surge in interest from the Asia-Pacific in investing in the <st1:country-region w:st="on">United Kingdom</st1:country-region>, Europe and the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> for almost
two years. This trend has really gathered momentum from <st1:country-region w:st="on">Singapore</st1:country-region> and other parts of <st1:place w:st="on">South-east
Asia</st1:place> this year. Many investors with portfolios highly concentrated
in <st1:place w:st="on"><st1:country-region w:st="on">Singapore</st1:country-region></st1:place>
… are executing strategies to diversify offshore.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span> </div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">“The
<st1:place w:st="on"><st1:country-region w:st="on">US</st1:country-region></st1:place>
has reached the top of many investors’ target lists of offshore country
targets. The markets showing the most appeal have been <st1:state w:st="on">New
York</st1:state>, <st1:city w:st="on">San Francisco</st1:city> and <st1:place w:st="on"><st1:city w:st="on">Los Angeles</st1:city></st1:place> ... The US
markets are generally coming off a low base in almost every sector; interest
rates are historically low and the US dollar has again become a safe-haven
currency.”</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span> </div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Mr.
Sean Tan, general manager of real estate portal iProperty, agreed that the <st1:country-region w:st="on">US</st1:country-region> is emerging as a viable investment
destination, especially among investors who are seeking a diversified
portfolio, but noted that its popularity still pales in comparison with that of
<st1:country-region w:st="on">Malaysia</st1:country-region>, <st1:country-region w:st="on">Australia</st1:country-region> and the <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place>.</span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">“As
with any investment, there are risks. The <st1:country-region w:st="on">US</st1:country-region>
is so far away; investors may not be familiar with the market so they may buy
into areas that are not so good … but cities such as <st1:city w:st="on">San
Francisco</st1:city> and <st1:city w:st="on"><st1:place w:st="on">Boston</st1:place></st1:city>
are not bad as their economies are quite promising.”</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span> </div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Mr.
Tan also said overseas developers are drawn to <st1:country-region w:st="on">Singapore</st1:country-region>
for its status as a regional hub and gateway to affluent individuals in <st1:place w:st="on">Asia</st1:place>, a sentiment that Mr. Baumert shares.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span> </div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">“We
have two more projects coming up after this one, so we thought we should just
set up an office here. We started in summer, so that’s around June. From a
branding perspective, it also helps to tell people that we have a presence in <st1:place w:st="on"><st1:country-region w:st="on">Singapore</st1:country-region></st1:place>,”
said Mr. Baumert.</span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><span style="font-size: x-small;">Source:
CNA</span><br style="mso-special-character: line-break;" />
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<em><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"></span></em><br />
<em><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Coincidentally
the wife and I have been exploring the <st1:place w:st="on"><st1:country-region w:st="on">US</st1:country-region></st1:place> property market for the past
year. Property prices in some of the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> cities are still very attractive
currently, with some purportedly selling at "distressed" levels. And<span style="mso-spacerun: yes;"> </span>if you are looking at properties outside of
the major cities like <st1:state w:st="on">New York</st1:state>, <st1:city w:st="on">Boston</st1:city> and <st1:city w:st="on"><st1:place w:st="on">San Francisco</st1:place></st1:city>,
the purchase quantum can be rather modest - we are talking about the US$100K range.</span></em><br />
<br />
<em><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">However,
we are not yet comfortable enough to put money in the <st1:place w:st="on"><st1:country-region w:st="on">US</st1:country-region></st1:place> market due to the following reasons:</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></em></div>
<em>
</em><br />
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<li class="MsoNormal" style="background: white; color: #333333; margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><em>The <st1:country-region w:st="on">US</st1:country-region> market is still one that is relatively "undeveloped"
with Singaporean buyers compared to traditional markets like <st1:country-region w:st="on">UK</st1:country-region>, <st1:country-region w:st="on">Australia</st1:country-region>
and even <st1:country-region w:st="on"><st1:place w:st="on">New Zealand</st1:place></st1:country-region>.
It is until recently that you find US projects/properties being marketed
in <st1:place w:st="on"><st1:country-region w:st="on">Singapore</st1:country-region></st1:place>
but this is still few and far in between. As such, the level of education/information
on US properties is still low, which raises the level of uncertainty and
risks. </em></span></li>
</ul>
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<em><span style="font-family: Calibri;"></span></em> </div>
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<li class="MsoNormal" style="background: white; color: #333333; margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><em><span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Although there are
supposedly bargains to be had in cities such as <st1:city w:st="on">Houston</st1:city>
or <st1:place w:st="on"><st1:city w:st="on">Detroit</st1:city></st1:place>,
these are cities that we have heard about but totally unfamiliar with -
especially in regard to the property sector. So although the cost of
entry may be low, the prospects on rental yields and capital appreciation
may be similarly low. This is not helped by the horror stories of illegal
squatting or even burglary (dismantling of fittings
and furnishings within the property) that we have come across from the internet
while doing our research.</span><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></em></li>
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<em><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span></em> </div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="background: white; color: #333333; margin: 0cm 0cm 0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;"><span lang="EN" style="font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><em>The complex nature
of US taxes that one has to navigate through for property purchase and sale
are supposedly rather mind-blogging. We have not looked into what/how much
taxes one needs to pay for purchase and subsequent resale yet, but we have
marketing agents telling us that they themselves are confused by the myriad
of taxes that are payable.</em></span></li>
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<em><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">So
with US developers such as Millennium Partners (and hopefully more to follow)
setting up shop here in <st1:country-region w:st="on">Singapore</st1:country-region>,
the wife and I are looking forward to be "better educated" on the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> property
market.</span></em></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBDln_vVQzZRVgX1QnthqlEXYfj8XivdaND_dqWS0yW7gM-VMn4sUvmNeCs0L6d_h0ByuBsLNTmV4QLBvWhF3-HeBbjd3EqeNpleuQNRwErVqs4xozV8MixWb_BOfyGJj-ujfxo4hYcmjZ/s1600/Uncle+Sam.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBDln_vVQzZRVgX1QnthqlEXYfj8XivdaND_dqWS0yW7gM-VMn4sUvmNeCs0L6d_h0ByuBsLNTmV4QLBvWhF3-HeBbjd3EqeNpleuQNRwErVqs4xozV8MixWb_BOfyGJj-ujfxo4hYcmjZ/s1600/Uncle+Sam.jpg" height="320" width="228" /></a></div>
<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span><br />The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com2tag:blogger.com,1999:blog-9209700323397394265.post-90788433549066069392014-09-09T14:55:00.000+08:002014-09-10T10:20:40.785+08:00Highline Residences: Views from the ground... and top!<span style="font-family: Arial, Helvetica, sans-serif;"></span><br />
<span style="font-family: Arial;">While running errands at Tiong Bahru market this morning, the wife and I found ourselves driving past the sales gallery of <strong><em>Highline Residences</em></strong>. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTm8WTq3vIctbsL-QQs5lkVSgktwuNuN1Qa27ltxchmtK5YPIbDMMN_f98VhUcg0797QkMTQK0cplGovcGumwZz_RvQ8KQL75LE4ocV4a7nlCkSlUfa-MC-JpFtvlyxmEaoe01G7LrhmXg/s1600/showflat1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTm8WTq3vIctbsL-QQs5lkVSgktwuNuN1Qa27ltxchmtK5YPIbDMMN_f98VhUcg0797QkMTQK0cplGovcGumwZz_RvQ8KQL75LE4ocV4a7nlCkSlUfa-MC-JpFtvlyxmEaoe01G7LrhmXg/s1600/showflat1.jpg" height="225" width="400" /></a></div>
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<span style="font-family: Arial;">The sales gallery is now closed pending the official launch of the project in about a week's time. And since we are there, we decided to check out the surrounding area and see if we can identify the kind of view that buyers can expect to get from their apartments.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-WKLq09D3lr9QAu02YRLfQSzLo1lRqtdUX6PBskMX5n9E1yHXD4jKk2taa5EyMRevFmBMW-AoQcVcJn25jQcYYdezQvKw3wP4nGjgGFmWdEFynRA2724Ro41j02lATbCZDjSZkhai5VNL/s1600/showflat+2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-WKLq09D3lr9QAu02YRLfQSzLo1lRqtdUX6PBskMX5n9E1yHXD4jKk2taa5EyMRevFmBMW-AoQcVcJn25jQcYYdezQvKw3wP4nGjgGFmWdEFynRA2724Ro41j02lATbCZDjSZkhai5VNL/s1600/showflat+2.jpg" height="225" width="400" /></a></div>
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<span style="font-family: Arial;">From the site plans that we are able to obtain from the internet, we realized that the main entrance into <strong><em>Highline Residences</em></strong> will be along Kim Tian Road. We will much prefer that this to be located at the back of the development along Kim Pong Road instead, as we deem this stretch of road more "exclusive".</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPiAxXmdh8le7NmhCzKv3g7Z9b-Orpc-nvAdmiuHsJeDPMK36MS4rkFN3eyaOAQffW02Lu6Ow6y8Tj-dXEAFs8Hniw8fxRN6iqs6MVWcm7Ek2smpFts1zG-EHLAUGKvd6dUy0TPJ0uGAC7/s1600/Highline+Res+-+site+plan.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPiAxXmdh8le7NmhCzKv3g7Z9b-Orpc-nvAdmiuHsJeDPMK36MS4rkFN3eyaOAQffW02Lu6Ow6y8Tj-dXEAFs8Hniw8fxRN6iqs6MVWcm7Ek2smpFts1zG-EHLAUGKvd6dUy0TPJ0uGAC7/s1600/Highline+Res+-+site+plan.JPG" height="265" width="400" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Below are photos taken along and around Kim Pong Road</span></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTXPSCqJ88jTxsfs0vEXOu_RjmkV6-oWLjNdWAA5rfMlW01pTL1BtsIjAa9E7_qpBv1nDwnEDsO6Wteoc1IACAVI372_1-QSSLiy-AOSM96BFJBsuksSAdTAq5hh_9teovKpD2sC3LSZiN/s1600/Kim+Pong+Road+toward+Tiong+Bahru+Rd.jpg" height="179" style="margin-left: auto; margin-right: auto;" width="320" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Kim Pong Road towards Tiong Bahru Road</td></tr>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLE-trIb9X9ZDuwuOTPf21pvDv8wqiJGmfiHyAy9lrDTCA5Dw472TI-H0rC_4Q2fedhrSRQGorDaErpY9UB6byJo1ycmGsmE1oE_3n6rtC1R0-7MlQlB6jjPQWO8CGb7NZmN5XdGFW8DAy/s1600/Ground+view+1+-+Kim+Pong+Rd.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLE-trIb9X9ZDuwuOTPf21pvDv8wqiJGmfiHyAy9lrDTCA5Dw472TI-H0rC_4Q2fedhrSRQGorDaErpY9UB6byJo1ycmGsmE1oE_3n6rtC1R0-7MlQlB6jjPQWO8CGb7NZmN5XdGFW8DAy/s1600/Ground+view+1+-+Kim+Pong+Rd.jpg" height="180" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Kim Tian Road turning into Kim Pong Road</td></tr>
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<span style="font-family: Arial, Helvetica, sans-serif;">The wife and I then decided to "emulate" the sort of view that buyers may get from their apartments at <strong><em>Highline residences</em></strong>. </span></div>
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<span style="font-family: Arial;">First off, these are the views that apartments facing Kim Tian Road are likely to get. Given the lack of elevation, we can only provide photos from a street perspective.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8iSH2WxpxKBSFW7Mr4l25zhD-ZVJva_-ea2Bm7CYS4lmQj906EPu5njprNxnbTGnYYW7xZslbKdaGrvfZrcSIizjrPy9mre5jRYztcVmSZypnARAH3yzFUQlALoxunMQloaeigyA5XxQU/s1600/Facing+Kim+Tian+-+ground+view.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8iSH2WxpxKBSFW7Mr4l25zhD-ZVJva_-ea2Bm7CYS4lmQj906EPu5njprNxnbTGnYYW7xZslbKdaGrvfZrcSIizjrPy9mre5jRYztcVmSZypnARAH3yzFUQlALoxunMQloaeigyA5XxQU/s1600/Facing+Kim+Tian+-+ground+view.jpg" height="112" width="200" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtVSevqu01BN_8DherjH5B_-ihjMuBAz5fwAn-N1nYIIV-m5ZII1gpRTYvAKh3LVvy-4wKOoRCp8II1Czv-UxpkYuwruiDXVsgWHaudcfmJDwewYBoN-cHLqRyh1a_9D5HiBqLsoaxCrvL/s1600/Facing+Kim+Tian+-+ground+view+2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtVSevqu01BN_8DherjH5B_-ihjMuBAz5fwAn-N1nYIIV-m5ZII1gpRTYvAKh3LVvy-4wKOoRCp8II1Czv-UxpkYuwruiDXVsgWHaudcfmJDwewYBoN-cHLqRyh1a_9D5HiBqLsoaxCrvL/s1600/Facing+Kim+Tian+-+ground+view+2.jpg" height="112" width="200" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">And this is what you can expect to see from your apartment across from Tiong Bahru Road.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNWOKzoA8Y-uFAQdUSBqG_SO3rh9xLUPyP74wm5Ne1OH2WSGl1W8q8j7D4zlNbN_D4FOmKRRYjiMJimRt07MkPLUpmh0sAwHE8pfk5QebSxX9npGrsU1zwBAGWyjR-VX46zGVHGQPFUYnk/s1600/Ground+view+-+Tiong+Bahru+Rd.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNWOKzoA8Y-uFAQdUSBqG_SO3rh9xLUPyP74wm5Ne1OH2WSGl1W8q8j7D4zlNbN_D4FOmKRRYjiMJimRt07MkPLUpmh0sAwHE8pfk5QebSxX9npGrsU1zwBAGWyjR-VX46zGVHGQPFUYnk/s1600/Ground+view+-+Tiong+Bahru+Rd.jpg" height="180" width="320" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The wife and I then noticed the block of HDB flat across from the project and decided to accent to the highest floor of the block to get a glimpse of likely view that apartments across from Kim Pong Road will get. This is what we saw from the 11th floor.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvzIkw-NwIgMEWft8Va8HmdciAA-q00JGYfCRfqSPcDYEpFcE0BJQWG1xgI-dj7Ie61DBi2gXeAyOQ3u75LSoOTjt2jVYsJeGqmAoC8MNGEZRMWwCzhN0N3x0fhQWbmPinpT2ergZdm_Hp/s1600/Elevated+view+1+-+Kim+Pong+Rd+side.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvzIkw-NwIgMEWft8Va8HmdciAA-q00JGYfCRfqSPcDYEpFcE0BJQWG1xgI-dj7Ie61DBi2gXeAyOQ3u75LSoOTjt2jVYsJeGqmAoC8MNGEZRMWwCzhN0N3x0fhQWbmPinpT2ergZdm_Hp/s1600/Elevated+view+1+-+Kim+Pong+Rd+side.jpg" height="112" width="200" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-U7lAnI5MAfIHuJHWKD3scLhkswsnuHw1f89-s0lkzQXfY_eaqer0Gi3pWWgVFIba1cR7N6JDcX7pUtNTwQiq-6HmS-8hkpvs9hdKss3H46rF6gHfiN9aEkJgIJRvBaPW2HGz-A857it3/s1600/Elevated+view+2+-+Kim+Pong+Rd+side.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-U7lAnI5MAfIHuJHWKD3scLhkswsnuHw1f89-s0lkzQXfY_eaqer0Gi3pWWgVFIba1cR7N6JDcX7pUtNTwQiq-6HmS-8hkpvs9hdKss3H46rF6gHfiN9aEkJgIJRvBaPW2HGz-A857it3/s1600/Elevated+view+2+-+Kim+Pong+Rd+side.jpg" height="112" width="200" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The wife and I must admit that the view is already quite spectacular from where we were standing. Imagine what the view will be like if your apartment is on say, the 30th floor! And apartments of this facing will most likely get an unblocked view of the city area and can probably enjoy the fireworks display from the comfort of their balconies during National Day!</span></div>
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<span style="font-family: Arial;">Going back to the site plan for<strong><em> Highline Residences</em></strong>, we conclude that the best-facing stacks are those facing Kim Pong Road - #7, #8, #16, #17, #22 and #23. It is probably no coincidence that all these stacks are the larger three- and four-bedroom deluxe types.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKImhscpXzP1JsaRxBZ2JKJ5sV2Pie-806LRZX54cP8hIb1wlly_41QL47L5_igAr0apE8GB9-P4LpNRKnRv6TWQf3LCfNKYzJOE4fczh4KCn8DprHTVDqckvFJVzQp6PXLl0OVVytflrD/s1600/Highline+Res+-+site+plan2.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKImhscpXzP1JsaRxBZ2JKJ5sV2Pie-806LRZX54cP8hIb1wlly_41QL47L5_igAr0apE8GB9-P4LpNRKnRv6TWQf3LCfNKYzJOE4fczh4KCn8DprHTVDqckvFJVzQp6PXLl0OVVytflrD/s1600/Highline+Res+-+site+plan2.JPG" height="265" width="400" /></a></div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com6tag:blogger.com,1999:blog-9209700323397394265.post-41746498347667426132014-09-08T13:23:00.003+08:002014-09-08T13:29:25.001+08:00August 2014 private resale/rental: Resale prices up, rental prices down<br />
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Resale
prices of non-landed private homes in August rose 0.4% month-on-month,
according to flash estimates from the Singapore Real Estate Exchange (SRX) on
Monday (Sep 8).<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Still,
when compared with August 2013, resale prices of non-landed private homes have
dropped 5%. Compared with the recent peak in January 2014, prices have declined
5.3%, SRX said.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Resale
prices of private homes in the Core Central Region rose the most last month,
rising 4.8% compared with July. In the Rest of Central Region, prices were up
1.5%. In comparison, resale prices in Outside of Central Region fell 1.1%.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Resale
volume remained flat, with 418 non-landed private homes resold in August,
similar to the 417 transacted units in July.<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVFC1iraiftNpuXSjFVshh4bhhBoSURxKMiP29WnN6uISKOkm6J7NBcepCEMkZhGtn7OoJx1RMQ4Jc17Oi36PCk0v1g6mznmD640mTmQJbf_ozuC2KGYeik1eamqc03pBCu9HOThsJi0jd/s1600/Aug+2014+resale-data.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVFC1iraiftNpuXSjFVshh4bhhBoSURxKMiP29WnN6uISKOkm6J7NBcepCEMkZhGtn7OoJx1RMQ4Jc17Oi36PCk0v1g6mznmD640mTmQJbf_ozuC2KGYeik1eamqc03pBCu9HOThsJi0jd/s1600/Aug+2014+resale-data.jpg" height="272" width="400" /></a><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p> </o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">The
overall median Transaction Over X-value (TOX), which measures whether people
are overpaying or underpaying the SRX Property X-Value estimated market value,
remained at negative S$10,000 last month, up from negative S$20,000 in July.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">For
districts with more than 10 resale transactions, districts 15 (Katong, Joo
Chiat, <st1:street w:st="on"><st1:address w:st="on">Amber Road</st1:address></st1:street>),
23 (Bukit Panjang, Choa Chu Kang) and 16 (Bedok, <st1:place w:st="on">Upper
East Coast</st1:place>) posted the lowest median TOX at -S$40,000, -S$38,000,
-S$30,000, respectively.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">Conversely,
district 11 (Watten Estate, Novena, Thomson) had the highest median TOX of
S$50,000, followed by district 18 (Tampines, Pasir Ris) and district 25 (Kranji,
Woodgrove) with S$16,000 and S$9,000, respectively. </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhTRDPloh3NM2EohBSEnVCAeOCKvvGsdCGUXXvupbzNAMqWgmKqdIc-ernIhJXAdtsFMy4zjHuZi_4LpJ9VBL-9UngeVeWsi82s0ikWWWAKJ7_DVhyphenhyphenBQBoKDiSWbQR3cS1TqAKUWEUqjUC/s1600/Aug+12014+srx-tox-data.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhTRDPloh3NM2EohBSEnVCAeOCKvvGsdCGUXXvupbzNAMqWgmKqdIc-ernIhJXAdtsFMy4zjHuZi_4LpJ9VBL-9UngeVeWsi82s0ikWWWAKJ7_DVhyphenhyphenBQBoKDiSWbQR3cS1TqAKUWEUqjUC/s1600/Aug+12014+srx-tox-data.jpg" height="242" width="400" /></a></div>
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<strong><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">RENTAL VOLUME UP, PRICES DOWN</span></strong><span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;"><o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">As
for rental transactions, the number of non-landed private homes rented out last
month was 3,539 – a 3.6% increase from July. Year-on-year, rental volume
improved by 25% from the 2,831 contracts signed in August 2013, according to
SRX.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">However,
rental prices continued their fall, slipping 0.6% from the previous month – the
seventh consecutive month of decline.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: Calibri; mso-ansi-language: EN; mso-bidi-font-family: Helvetica;">The
decline was greatest in the Core Central Region at 2%, while prices in the
Outside Central Region fell 1.1%. Prices in the Rest of Central Region,
however, rose marginally by 0.4%.</span> </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh68FMDmk6NyPoVNEisuYEtXoJ0-iYMjPOdHNNLa6LvkfMolClrpVpgrwRvmTbjY5aI91qTSOgJ3V8uft8sHbG9RdWksP7ZKo7IdFi5_2JWrNhL0BfRrJwcfXQoNZiBY06oqnx7ifHSv0LR/s1600/Aug+2014+srx-rental-data.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh68FMDmk6NyPoVNEisuYEtXoJ0-iYMjPOdHNNLa6LvkfMolClrpVpgrwRvmTbjY5aI91qTSOgJ3V8uft8sHbG9RdWksP7ZKo7IdFi5_2JWrNhL0BfRrJwcfXQoNZiBY06oqnx7ifHSv0LR/s1600/Aug+2014+srx-rental-data.jpg" height="262" width="400" /></a></div>
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<span style="font-size: x-small;">Source: CNA</span></div>
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The Folks @PropTalkhttp://www.blogger.com/profile/00322517334278007165noreply@blogger.com4